Here's your Roth conversion strategy:
1. Retire or reduce income (creates low-income gap years)
2. Calculate the top of the 22% or 24% tax bracket
3. Convert enough IRA to Roth to "fill up" that bracket
4. Repeat annually for 5-10 years
5. Stop before RMDs begin at 73
Result: You've paid taxes at 22-24% instead of 35-37%. Your family saves $500k-$1.2M in lifetime taxes.
@au_samschriever Although I somewhat agree with your sentiment, the problem is that we're losing tax concessions while being one of the highest taxed countries in the world.
The govt is paying for its irresponsible spending by increasing the tax burden on the people they work for.
@ALeighMP The contempt in this comment is exactly why people are turning away from the major parties. The arrogance to label voters as "the far right" is further evidence that the political class would rather sneer at constituents than listen to them.