What’s a Roth Conversion, and Why Does it Matter to Me? ............. 67 Evaluating Roth Conversions ................................................................. 68 Cut the Government Out of Your Retirement ........................................ 69 How to Do It .................................................................................................... 71 Evaluating the Need to Convert ............................................................. 72 1 | Will I likely pay more total taxes if I keep my IRA or if I convert to a Roth account? ................................................................................. 73 2 | Will converting funds move me into a higher tax bracket during my conversion years, and if so, how much more will I pay? ....... 74 3 | Will converting funds impact the government fees I owe each year, aside from taxes, and if so, by how much? ............................. 74 Balancing Taxes, IRMAA, and Bracket Drift During a Conversion ........................................................................................................................ 75 Next Steps for Ryan, and Maybe for You, Too ................................... 80 Making the Complex Simple ....................................................................... 81 Change in Situation, Change in Taxes .................................................. 82 A Complete Approach ................................................................................... 87 Analyzing the Variables ............................................................................ 88 A Wake-Up Call ......................................................................................... 92 Addressing Tax Risk in YOUR Retirement Approach ..................... 93 But Wait! There’s More ................................................................................ 95
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