Should we drain our $200,000 savings for Roth conversions on $2.3 million in our 60s?

Please put “Fix My Portfolio” in the subject line.Dear Fix My Portfolio,  My wife and I are contemplating doing Roth ...
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Should I Convert 15% of My 401(k) Annually to a Roth IRA to Lower Taxes and RMDs?

Converting retirement funds from a 401(k) into a Roth IRA offers the opportunity for tax-free growth and tax-free withdrawals in retirement, while also avoiding Required Minimum Distribution (RMD) ...

Roth IRA Conversion Rules

Learn how and when to convert tax-deferred accounts to a Roth IRA, the tax implications, the 5-year rule, and smart strategies like laddering or backdoor Roth conversions.
WAFF

Your Money: Understanding the Backdoor Roth Conversion

HUNTSVILLE, Ala. (WAFF) - A backdoor Roth conversion is a strategy used by high-income earners to contribute to a Roth IRA, even when their income exceeds the IRS limits for direct Roth contributions.