Year-End Planning With Ed Slott Part One
Jill on Money with Jill Schlesinger
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Why Should I Convert Now?
If you think you'll be in a lower, a higher bracket and a higher rate in the future, remember, if you do nothing, the problem just grows and grows. Think of your IRA. It's an IOU to the IRS. Every day that goes by that it increases, it increases Uncle Sam's share. Even if you're in a high bracket, remember, by law, after 2025, rates are scheduled to go up. And don't do it that IRA is going to keep growing and that it's 72 when you start RMDs then you're going to see some serious Medicare charges.
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Transcript
