Your plan sounds reasonable for the Roth conversion, and you've considered important points (taxes, IRMAA). I believe will need to pay the taxes sooner than April; the IRA generally expects taxes to be paid as you go. Either make an estimated payment in January, or play games with withholding. There are many threads on this that describe a method of paying taxes from an IRA and then replacing the money within 60 days (I have not tried this, but lots of threads (read some). You either need to pay from withholding or file a form that shows your income by quarter.
https://www.bogleheads.org/wiki/Estimated_tax
viewtopic.php?p=8124269#p8124269
https://www.bogleheads.org/wiki/Estimated_tax
viewtopic.php?p=8124269#p8124269
Statistics: Posted by CAsage — Wed Nov 20, 2024 6:44 am