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I'm trying to understand if a Roth conversion makes sense this year.

Small interest/dividend income and SS benefit is all I'll have this year, as I have taxed accounts to make up the difference in what I need.

I'm looking at keeping the SS non-taxable, while putting some Traditional IRA money into a Roth by conversion.

I'm confused about the 5 year rules.
I'm over 59 1/2 and the Roth was established more than 5 years ago.

If I am in a low tax bracket, basically living on SS for realized income, does it make sense to do a conversion?

Is there a separate rule on the money I convert - does it have to be in the Roth account 5 years before it's tax free?


nag
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