Looking for input.
Early 30s couple
Household AGI for 2020: $200-250k
2020 Tax Bracket: 24%
Current retirement holdings
Traditional IRAs: $120k
Roth IRA: $15k(early in my career)
401ks: $150k
We have some money in an investment account I manage but am not factoring that in here.
If you were in this position, would you be converting all traditional IRA contributions into the roth or not? I'm on the fence and my forecasts are suggesting it's likely to be a toss up by the time we get to an age where we have RMDs. This assumes the tax laws aren't changed dramatically in the next 35-40 years.
Early 30s couple
Household AGI for 2020: $200-250k
2020 Tax Bracket: 24%
Current retirement holdings
Traditional IRAs: $120k
Roth IRA: $15k(early in my career)
401ks: $150k
We have some money in an investment account I manage but am not factoring that in here.
If you were in this position, would you be converting all traditional IRA contributions into the roth or not? I'm on the fence and my forecasts are suggesting it's likely to be a toss up by the time we get to an age where we have RMDs. This assumes the tax laws aren't changed dramatically in the next 35-40 years.