Calculator for IRA -> Roth IRA Conversion

How do I know if I should convert my IRA to a Roth IRA ? Age: 40 IRA Value: 220,000

Am I better off just retiring (at the appropriate age) and taking out the minimum ?

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Reply to
Gary
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See my reply on the Roth vs traditional 401(k). Same question apply. In the case of conversion, it's rare for it to make sense to convert such a large sum. If you are now in the 15% bracket and envision your income rising, you'd want to convert enough to just 'top off' that bracket, but no more. Joe

Reply to
JoeTaxpayer

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