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I'm 55 With $900k in an IRA. Is Converting $100k a Year to a Roth a Smart Move?

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At age 55 with $ 900,000 in a traditional individual retirement account (IRA) converting $ 100,000 per year to a Roth IRA could help reduce required minimum distributions (RMDs) and related taxes in retirement.

With large IRAs, annual RMDs can easily push retirees into higher income tax brackets.

Taking an incremental Roth conversion approach can effectively distribute the tax impact over time.

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An emergency fund should be liquid -- in an account that isn't at risk of fluctuation like the stock market.

A high-interest account allows you to earn compound interest.

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