Skip to main content
No. of Recommendations: 0
Hi, philiproth!

I can’t give personal advice, but I can tell you what I would personally consider. At your age, you still have approximately 21 years until RMD kicks in, or 11 years until you can take early social security. I would consider converting some fraction (one twentieth or one tenth?) of my IRA every year to a Roth, taking the tax hit. Since you have up to 21 years to do this, you can spread the tax hit out. This way, you avoid RMDs entirely.

Tax rates are much more likely to be higher in the future than they are to be lower, and the more your traditional IRA grows the more likely you are to be in a higher tax bracket come RMD time.

I highly recommend Ed Slotts book, which covers this and other techniques:

My wife and I are both 61, and are about to start the 10 year process of converting her 403(b) to a Roth.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.