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MataroPete asks,

Now that I'm 65, I'm planning a big Roth conversion this December.

So, you'll have one big (((huge))) taxable event, one year only, correct? One and done as they say.


Absolutely not!

I'm doing annual Roth conversions over the next 7 years to age 72 when the RMDs are currently scheduled to start for me. Each annual Roth conversion will be sized to top out the tax bracket just below the bracket I'll likely be in when the RMDs start. Of course, there's a chance (likelihood?) that bull and bear stock markets will change the target tax bracket from year to year.

It's a moving target, but the only certainty is that doing nothing means a higher tax bill.

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