With the new tax law, I can keep my tax rate at 12%, until 2025, unless there is a repeal. I don't believe tax rates can be kept this low after 2025. So I plan to convert as much of my Traditional IRAs as possible to Roth IRAs while still in the 12% tax bracket. That way I can reduce my future RMDs, pay a low tax rate, and continue to grow our retirement savings tax free.
Of course, tax laws can be changed. So I will taking advantage of the lower tax rate in 2018 and all future years.
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This is not financial, retirement or tax advice. Please consult a professional advisor.
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