Post #229 by bighairymike on the Retirement Investing board

Personal Finance Topics / Retirement Investing

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This year my income was pretty low, and for the next 4 years it will be on the low side so I'm going to try and do a reasonable amount of Roth conversions. I also have to take RMDs from an inherited account so I have to factor that in my tax considerations.

Thanks. - richinmd

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You don't mention your age but if you are with ten years or so of going onto Medicare, then bone up on IRMAA. IRMAA is basically an escalating surcharge on your medicare premiums if your income exceeds the various thresholds. Since a Roth conversion will kick up your AGI, be wary of going even one dollar into the next higher IRMAA tier. I learned this too late in my Roth Conversion journey and am now paying several hundred extra each month for Medicare that could have been avoided.

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