At 65 and Taking Social Security-Can I Still Do a Roth Conversion with $750k?

  • Posted on September 27, 2024
  • By Yahoo News
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At 65 and Taking Social Security-Can I Still Do a Roth Conversion with $750k?

If you’re 65 years old and collecting Social Security, you may wonder if it’s too late to convert your $750,000 traditional IRA into a Roth IRA. The short answer is no – there are no legal restrictions to Roth conversion based on age or income. Practically, however, the decision involves carefully weighing tax implications, healthcare […] The post I'm 65 Years Old With $750k in an IRA. I'm Taking Social Security – Is It Too Late for a Roth Conversion? appeared first on SmartReads by SmartAsset.
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