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Father in law converted Traditional IRA to Roth IRA and he’s retired and is 70YO
Father in law converted Traditional IRA to Roth IRA and he’s retired and is 70YO I haven’t game this out, but it was pointless though, right? Since his tax bracket is already set in retirement? Conceivably, he was in a lower tax bracket when he was working. Mostly cash business and didn’t claim all his income. But if he’s in a higher tax bracket now when taking distributions and collecting social security, did it make sense...
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