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I'm 50 With $650k in My 401(k). Should I Do a Roth Conversion Each Year Up to the Income Limit of the 24% Tax Bracket?

By Yahoo! Finance   |   2 months ago
I'm 50 With $650k in My 401(k). Should I Do a Roth Conversion Each Year Up to the Income Limit of the 24% Tax Bracket?

Staggering Roth conversions can optimize tax savings. A Roth IRA offers tax advantages in retirement, with no income taxes or required minimum distributions. By moving assets gradually to minimize tax brackets, individuals can strategically manage their conversions and maximize benefits.

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