You may have already figured that this will take you to the top of the federal 12% bracket (and the federal marginal rate will also be 12%).Our taxable income would be about $130K if we did a $50K conversion in 2025.
That's probably a "go do it" amount, unless you have reason to believe there will be the ability to withdraw at a rate less than 12% in the future.
Whether to do more conversion at a 22+% rate would take more study. If you can use Excel, the personal finance toolbox will generate a chart for your conversion marginal rates, given your other income.
See Estimating your future marginal tax rate for thoughts on what that might be.
Statistics: Posted by FiveK — Sun Mar 02, 2025 2:09 am