This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. A 65 year old single retiree posted a familiar question ...
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The 401(k) bracket smoothing math: Why a 66 year old couple with $1.5 million should convert exactly $90,000 a year
A married couple, both 66, sitting on $1.5 million in a traditional 401(k), Social Security deferred, and roughly $10,800 of other taxable income from a part-time consulting gig and a slice of ...
Converting exactly $90,000 fills the 12% federal bracket to its $100,800 ceiling, avoiding an 83% marginal rate jump on every dollar above it. Paying 12% now on $360,000 converted over four years ...
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