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ROTH contributions grow tax-free. Doing your conversions now allows you to buy equities are they're currently discounted prices, maximizing your potential long-
by joshuamcginnis 2y ago
ROTH contributions grow tax-free. Doing your conversions now allows you to buy equities are they're currently discounted prices, maximizing your potential long-term tax-free gains.
- rtp4me 2y agoEspecially if you hit the RMD threshold in retirement. Even more important is how RMDs affect Medicare premiums(1). The best advice I have is to avoid RMDs as much as possible since they can/will affect other parts of your retirement strategy. Thus, converting to ROTH today may save you lots of cash in the future. (1) https://www.fedsmith.com/2024/10/23/rmds-are-silently-increasing-medicare-premiums/ https://www.fedsmith.com/2024/10/23/rmds-are-silently-increa...