I am retired and want to Roth convert some money in my company's 401k account. Currently in that account, I have both pretax and after tax money. What are the pros and cons of converting either type of money? For example, if I convert the aftertax money, the immediate advantage is I only have to pay tax on the capital gain (which is lesser amount), but then wouldn't I have to pay more taxes in the future because the remaining pretax portion would balloon and upon withdrawal, would be taxed at the higher tax rate (in the future)? TIA
Statistics: Posted by bacninh789 — Mon Aug 05, 2024 7:26 pm