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Ask an Advisor: With $1.4M in IRAs at Age 70, Does Converting $160k a Year to a Roth Make Sense?

I am 70 and I have $1.4 million in traditional IRAs. Is it best to do $160,000 in Roth conversions for the next 1-3 years to reduce my high RMDs in about 5-10 years? That would put me in the 24% tax ...

How Much Are Taxes on an IRA Withdrawal?

The taxes owed depend on your age, the type of account, and more ...
Kiplinger

Here's How to Plan This Year's Roth Conversion, From a Wealth Manager

If you open a new Roth IRA account, you must wait five years from the beginning of the first taxable year you contributed to withdraw without a 10% penalty. That means even if you open a new account ...