The Tax Benefits of a Partial Roth Conversion

It always hits our clients at some point afer age 50.
Retirement is no longer a mirage of in the distance—
it’s a real event that’s coming into sharper focus. With
that clarity comes new questions about turning
retirement savings into retirement income.The decade
or so before retirement is critical because it’s your best
chance to manage taxes now and in the future,
particularly when required minimum distributions
(RMDs) kick in at age 70½. If you’ve saved a lot in an
IRA, then you’re going to have to take big RMDs and,
potentially, pay high taxes on those withdrawals.The
reality, of course, is that we all pay taxes. But you
shouldn’t pay any more than necessary.