No. of Recommendations: 1
I'm thinking I should start drawing those down BEFORE I reach 65, so they won't factor into IRMAA, at least. - 1pg
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Then you would be well advised to get started.
The 24% bracket for MFJ in 2023 starts at $89,450 and goes all the way to $190,750. With $94K or income already, you could do a $100K Roth Conversion on top and still pay only 24% on the amount converted.
This helps with IRMAA but even if it didn't, it gets money out of your IRA at 24%, a rate that is scheduled to go to 26% in 2026 when Trump Tax cuts expire, so you have three years (including 2023) to exploit the 2% tax savings on Roth Conversions.
