Married couples could significantly lower their joint lifetime income taxes and may reduce their joint lifetime Medicare premiums by doing Roth conversions while both are alive, an expert on Social Security benefits issues said.
The basic idea is to use Roth conversions to lower assets in tax-deferred accounts, thereby avoiding higher tax brackets and increased Social Security taxes and Medicare premiums later in retirement. A key to the strategy is to lower required minimum distributions that can result in higher marginal tax rates.
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