Roth Conversion Strategy- Age 65 to 73

bee

I am considering doing Roth conversions over the next 4-8 years (from age 65-73).

With help from the standard deduction plus bonuses deductions ($2k + $8k) for tax filers over age 65 the 12% bracket has effectively just got wider:

the new $6,000 deduction is stacked on top of both the regular standard deduction — $15,750 for single filers or $31,500 for married couples filing jointly in 2025 — and the 65-plus addition. For instance, a 65-year-old single taxpayer who qualifies for the full $6,000 deduction would be able to deduct a total of $23,750 from these three tax breaks on their 2025 tax return. A qualifying 65-year-old couple could deduct up to $46,700.

source:
taxes/what-to-know-new-tax-law-2025

I am looking to fill the 12% Federal tax bracket ($48,475 for single filers for TY2025) with yearly Roth conversions over the next 4-8 years.

Anyone else see this as an opportune time to execute Roth conversions?

convert-a-traditional-ira-to-a-roth-in-retirement

a2z

yes, most articles conclude that unless you anticipate a peak taxable income year and\or cannot pay taxes from a non-retirement source, any conversion to roth that does not bump up your conversion year marginal bracket is always a good idea.

(one can waste a lot of time in complex estimates, as i have. but some common sense regarding age\inheritance need apply.)

yogibearbull

Be aware of MAGI phaseouts.

For some high income retirees, suggestion is to wait 3+ years for Roth Conversions.