For planning purposes I assume Social Security income will be taxed at the maximum current rate.That is simply not true. You are not considering the effect a Roth conversion today has on total taxable income later on, if one is getting Social Security. The higher my RMD is, the more of my SS will be taxable. There can be other side effects as well.If tax rates stay the same, and investment returns stay the same. And spending stays the same. There is no benefit, or cost, to doing Roth conversions.
Statistics: Posted by dknightd — Tue Sep 10, 2024 10:02 am