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Ask the Hammer: How Much of My Traditional IRA Should I Convert Into My Roth IRA?

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I just retired a month ago and am thinking of converting the IRA to Roth for next year. I will basically have $ 8,500 in revenue for next year through distribution and capital gains etc. What is the taxable level of income that I should strive to stay in the low tax bracket and still qualify for a decently acceptable health care plan? My minimum research has me somewhere in the range of $ 45,000 to $ 57,000 for adjusted gross income. Does that sound right or can I go for more?

That question was answered by Jeffrey Levine, chief planning officer of Buckingham Wealth Partners, in this episode of Ask the Hammer.

Do you have questions?

Email [email protected]

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