Ask an Advisor: Is it Wise to Convert 10% of My 401(k) into a Roth IRA Each Year to Avoid Taxes and RMDs?

Is it wise to start converting my 401(k) into an IRA (and then Roth) by 10% per year in order to avoid having to claim too much income each year when converting and also avoid RMDs as much as I can? It's definitely smart to be thinking about this, Cathy. Systematic Roth conversions like the ones…#benhenrymoreland #noneincrease #socialsecurity #mattbecker #cfp #smartadvisormatch #smartreads

Source: Reuters: Health - March 30, 2024 Category: Consumer Health News Source Type: news