Is the 12% Tax Bracket Enough for Roth Conversions? (The Truth for Millionaires with Pensions)
Joe Knows Retirement · Joe Schmitz Jr.
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Show Notes
Are you thinking about doing a Roth conversion but wondering "How much should I convert?" or "Should I stop at the 12% bracket?" If you've got a pension, $1M+ saved, and Midwestern values when it comes to saving and spending, this episode is for you. In today's episode of Joe Knows Retirement, Joe breaks down one of the biggest misconceptions in retirement tax planning the idea that staying in the 12% tax bracket is always best. Spoiler: it's not. For the 2% of Americans who've worked hard, saved diligently, and now face complex retirement income streams, 12% might not even scratch the surface. This video explains why your pension, Social Security, and required minimum distributions (RMDs) often collide to push you into a higher bracket and how you can use strategic Roth conversions to take control before that happens.
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