Answers to Your Questions on Roth Conversions and Taxes in Retirement

July 27, 2021

One of the biggest concerns of retirees is how to minimize taxes in retirement. While Roth conversions can help reduce long-term tax burdens, there are many questions about when and how much should be converted from pre-tax IRA assets to Roth IRAs. It is important to know that you do not need earned income to do a Roth conversion and there are no income limits for conversions. If you are concerned about tax rates going up in the future, Roth conversions can be an effective way to lock-in current tax rates.

At Brandywine Oak, we help our clients develop optimal IRA to Roth conversion strategies to minimize taxes over their lifetime and help achieve their long-term goals. To learn more about this topic, please read Barron’s

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