UnThreaded | Threaded | Whole Thread (29) | Ignore Thread Prev | Next
Author: Rayvt Big gold star, 5000 posts Top Favorite Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76397  
Subject: Re: considerations in converting to roth Date: 11/28/2009 10:26 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Where will your income come from that will put you into that tax bracket?

If, like me, it's from IRA withdrawals and we keep our current tiered tax system, then I think you will pay less in taxes with a traditional IRA even though you are in the "same tax bracket".


I don't know (where the income would come from).

But every time I read an article about converting, they *always* say that you might be in a higher tax bracket. I think maybe this is just a way to either add drama or to tilt the argument toward their desired position (which is usually to convert).

I agree with you. Since I've retired I have discovered that it's almost trivially easy to stay in a low tax bracket. The ability to choose where your money comes from gives you a lot more flexibility than if it's from W-2 income.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (29) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement