“I’m 60, retired, single and my home is paid off. My pension covers my living expenses quite easily. My plan is to delay my social security until I turn 70 to get the max. I’m rolling over my 401(k) with almost $900,000 into an IRA – I don’t expect to need it for at least 20 years. Would I be wise to convert one twelfth of my IRA ($75,000) to a Roth IRA so that over the next 12 years the entire IRA is out of RMD targeting & tax free?”
Gene answers your neighbors financial questions on More than Money.
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