ROTH IRA

Beware of consequences when converting your Roth IRAs
Beware of consequences when converting your Roth IRAs
Beware of consequences when converting your Roth IRAs
Q. My tax bracket is relatively low because I’m semi-retired at age 63, and some have suggested I convert some retirement funds (403(b) in my case) to Roth IRAs so that the taxes are due while my income is relatively low, and before age 70 1/2 when mandatory distributions will have to begin and my tax bracket is likely to go up. However, I get my health insurance from the Federal exchange, and it looks to me like I will lose the Federal subsidy if I start converting some of those funds now. What should I do?