If you are in a lower income bracket, such as during early retirement before Social Security, it might be an ideal time to convert some of your traditional IRA funds to a Roth IRA. Although you’ll pay taxes on the converted amount, the lower income means you’ll be taxed at a reduced rate. Future withdrawals from your Roth IRA will be tax-free, offering significant long-term benefits. #RothConversion #TaxStrategy #RetirementPlanning #FinancialTips #LowerTaxRate
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