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<blockquote data-quote="db-2" data-source="post: 292849" data-attributes="member: 4743">Based on my projected income in retirement in 2020 (SS, plan I earned in SE Asia by artillery, and some interest) I will pay little federal income tax versus a bunch in 2019.&nbsp; Do my own taxes and got 2019 done yesterday and based on what I now know I will have less than $1,000 in federal tax in 2020 (would of been zero if not for Al Gore).&nbsp; In fact I might have earned income credit.&nbsp; Next year my state tax should be about zero by taking SS out versus $1,767 in 2019.Good share of my savings is in IRA's (not 401) and yes it is tax as I take it out, interest is not tax as I earn so taxable interest in 2020 is low.&nbsp; Plan is to take only the amount require by law due to my age out of those IRA unless something bad happens as current income covers most of my needs.&nbsp; So not sure how this conversion to Roth helps me, so explain like guywhowould like to know ask.&nbsp; db-2(Wife baking, said to go to store and get some eggs, fat chance but there was at least 120 boxes on hand and all kinds of milk)</blockquote>

[QUOTE="db-2, post: 292849, member: 4743"] Based on my projected income in retirement in 2020 (SS, plan I earned in SE Asia by artillery, and some interest) I will pay little federal income tax versus a bunch in 2019. Do my own taxes and got 2019 done yesterday and based on what I now know I will have less than $1,000 in federal tax in 2020 (would of been zero if not for Al Gore). In fact I might have earned income credit. Next year my state tax should be about zero by taking SS out versus $1,767 in 2019. Good share of my savings is in IRA's (not 401) and yes it is tax as I take it out, interest is not tax as I earn so taxable interest in 2020 is low. Plan is to take only the amount require by law due to my age out of those IRA unless something bad happens as current income covers most of my needs. So not sure how this conversion to Roth helps me, so explain like guywhowould like to know ask. db-2 (Wife baking, said to go to store and get some eggs, fat chance but there was at least 120 boxes on hand and all kinds of milk) [/QUOTE]

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