I question the wisdom of paying taxes on the conversion using aleady taxed money. If the taxable account money was taxed @ 22%, would not you be paying an extra $7,050 versus using the $25K from your IRA?
Correct me if I'm wrong, but I'm thinking that the Taxable account money is equivalent to $0.78 for each $1. (math -> $25000 * (1/.078) = $32,051.28
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I question the wisdom of paying taxes on the conversion using aleady taxed money. If the taxable account money was taxed @ 22%, would not you be paying an extra $7,050 versus using the $25K from your IRA? Correct me if I'm wrong, but I'm thinking that the Taxable account money is equivalent to $0.78 for each $1. (math -> $25000 * (1/.078) = $32,051.28
Post: To Roth or Not?
Link to comment from April 10, 2022