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Good points, Greg. Indeed the marginal rate on withdrawals based on taxed SS income should be taken into account. Just a quick calculation based on the charts you linked, the effective tax rate paid on $55,838 of IRA withdrawals and $33,062 of SS income would be 16.8% ($9,363/$55,838) even though the marginal rate is 46.25%. This is still roughly half the tax rate I would pay to convert today. I also plan to take IRA distributions for a decade before I start SS.

And yes, my tax calculations are based on joint returns which could, of course, change.

-murray
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