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Roth Conversions for Seniors | Durham News
Roth IRA conversions for seniors over 60? It’s a tax-smart move that could save you big on future distributions—but comes with a steep upfront tax hit. Converting bumps your taxable income, potentially affecting Social Security, Medicare premiums, and deductions. Plus, you’re prepaying taxes to leave your heirs a tax-free inheritance, since Roth IRAs don’t trigger taxes for beneficiaries if the five-year rule is met. But timing matters—what works one year might not the next. Think long-term, but don’t skip the yearly check-in. Listen in comfort:Get a discount on a Soli Pillow…
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