I'm 62 With $1.5M in an IRA. Should I Move $150k Annually to a Roth IRA to Reduce RMDs?

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. A 62-year-old with $1.5 million in a traditional IRA may be wise to consider converting $150,000 per year to a Roth IRA to avoid required minimum distributions (RMDs). The annual withdrawals from retirement accounts that are mandated by RMD rules can raise your tax bill in retirement by adding to your taxable income, even if you don’t need or want the income to cover your expenses. Strategic Roth conversi ...