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Oil Prices Tick Up and U.S. Stocks Fall Sharply The New York TimesExclusive | Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April WSJOil prices top $112 after Iraq declares force majeure, Kuwait refineries attacked CNBCHow High Will Oil Prices Go? Global Markets Brace for More Bad News. The New York Times
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Another DHS funding vote coming to House floor PoliticoD.C. Memo: DHS funding still stalled as Dems insist on ICE reforms MinnPostSenate rejects DHS funding bill a fifth time PoliticoGOP senator suggests 2-step move to break DHS funding deadlock The Hill
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Driver who killed family of 4 in West Portal crash sentenced to probation by San Francisco judge ABC7 San FranciscoWoman, 80, receives probation and no jail time over San Francisco crash that killed four The GuardianSan Francisco Driver Gets Probation After Killing a Family of 4 The New York Times
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Oil prices settled higher Friday, with global benchmark Brent crude posting a fifth straight weekly gain, after the Pentagon said it is sending more troops and warships to the Middle East.
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Oil Prices Today: After Spiking to $119, How Much Higher Can They Go? Barron'sExclusive | Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April WSJOil prices top $112 after Iraq declares force majeure, Kuwait refineries attacked CNBCHow High Will Oil Prices Go? Global Markets Brace for More Bad News. The New York Times
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The unit will now be renamed Threadline Wealth, backed by investment from the Cynosure Group, and have $5.8 billion in client assets under management
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Editor's note: This is the final part of a seven-part series. It dives more deeply into the third strategy for defusing a retirement tax bomb, which is Roth conversions. If you missed the introductory article, you may find it helpful to start here.
Because they offer tax-free qualified withdrawals, Roth IRAs and Roth conversions can be a critical strategy for defusing the retirement tax bomb that traditional IRAs, 401(k)s and other pre-tax savings accounts can set you up for in retirement.
A Roth conversion is when you transfer money out of a pre-tax retirement account into an after-tax Roth. Typically, every dollar you convert is taxed as ordinary income, unless the pre-tax account was also funded with after-tax dollars.
SEE MORE Don't Move to Another State Just to Reduce Your Taxes
Here's the problem though: Most people who are facing a retirement tax bomb and are still working probably have high incomes and are in a high marginal tax bracket. The last thing they want is a Roth conversion, which adds to their income and would be taxed at high tax rates.
Instead, this is a good strategy to consider in low-income years, especially for people who retire early in their 50s and early 60s who may have several years to do conversions before Medicare means testing surcharges, Social Security income and RMDs kick in. Many of my clients do several years of annual Roth conversions starting early in retirement.
Three Windows for Roth Conversions
The first window for Roth conversions is the years before enrolling in Medicare, but recal
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