Retirees can avoid tax on Roth conversions by skipping the 73-year-old age limit
Statements (3)
- Neutral
A 62-year-old skips a Roth conversion, paying about $3,000 in extra tax later.
- Neutral
A 62-year-old skips a Roth conversion, paying about $3,000 in extra tax later.
- Neutral
Retirees with a traditional IRA can avoid paying extra tax on Roth conversions by skipping the 73-year-old age limit.