Are Roth Conversions into a HIGHER TAX BRACKET worth it?

In this video, I discuss a crucial question: "Should you do a Roth Conversion into a HIGHER TAX BRACKET?" Find out the key factors to consider when thinking about converting a traditional IRA into a Roth IRA, especially if it might push you into a higher tax bracket for the year. I explore various scenarios and provide insights on when it makes sense to make this financial move. Discover important information about tax credits, deductions, and future income sources that could significantly impact your decision. Make informed financial choices for your retirement plans, small businesses, and taxes. Watch now to get valuable insights into optimizing your financial strategy!
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TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP®
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[@BobHildenbrand]

I'm 76, single, 600K in IRA, in the federal 35% +3.8%+ NY tax of 6.85%. Have a pension, ss, dividends to live off. Should I convert to roth? I know I missed the boat but spouse died unexpectedly and market has pushed up value of IRA. Thanks

[@ilyaw.3081]

Are you doing a video on SECURE act 2.0?

[@TravisSickle]

Yes…late next week I’ll do it.

[@ilyaw.3081]

@@TravisSickle great! Love your videos.