- Jun 6, 2005
- Reaction score
- FT. LAUDERDALE, FL
- Resorts Owned
BLUEWATER BY SPINNAKER HHI
ROYAL HOLIDAY CLUB RHC (POINTS)
Nothing new to me. There is a statement in the article which said when Roth conversion should be done. It really should be written to have Roth conversion happen way earlier than 63 because Medicare looks at income 2 years prior which makes 63 too late.
Here is the statement from the article.
"Floyd recommends planning ahead by doing Roth IRA conversions early — preferably by age 63 (or two years before starting Medicare if you’re staying on an employer plan after 65)."
As long as after conversion, your income does not hit $174K for both of you for the year it is fine.Wow. I wonder what we should do now. Hubby just went on Medicare and he is 65. I am thinking maybe I should do my Roth accounts instead of his since I am 63.
Thanks for this article, Richard. I have to ask our FA about this.