Skip to main content
No. of Recommendations: 0
<<What about people who are in the 15% bracket today but expect to be in a higher bracket by retirement? Doesn't that change the assumption in bold above in favor of conversion to a Roth? >>

Let's get real. (No offense intended.) My retired widowed 73 year old mother is in the 28% tax bracket! And she is NOT rich.

On the face of it, your statement is correct. But it applies to very, very few people. Really, what is the chance that a person in the 15% tax bracket has any money in an IRA at all? I suspect that most of the people in this situation are those who just happen to be taking a year off from work and are therefore in a low tax bracket for that one year. Darned few people.

Regards,
Ray
Print the post  

Announcements

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.