Sooner or later, one way or another income taxes are going up . . . and not just on the wealthy. Now may present a unique opportunity to convert your retirement savings to a Roth Account.
What could be better than tax free income in retirement?
Check out this article for tips on making a Roth conversion of your retirement Savings.
This year, however, Americans with substantial retirement accounts might also want to try another form of bracketology: studying the 2017 tax law—and asking whether it offers a unique opportunity to convert hefty amounts of traditional IRA money to a Roth IRA. For most middle-income Americans, the 2017 tax law lowered their marginal income tax rates by three or four percentage points. The rate cuts are great, though there are some offsetting lost tax benefits, such as the new limit on state and local tax deductions and the loss of personal exemptions.
Source: Bracketology – HumbleDollar