Letters to the Editor
To the Editors:
Regarding Mr. Danahys letter in the January 2007 AAII Journal relating to the cost of an IRA conversion, the flip side of this is the consequences of not converting. I made this mistake years ago and now as a senior, well into the minimum required withdrawals from my IRA, Im getting a huge tax bite each year and increased Medicare premiums due to the withdrawals. Belatedly, Im now converting a goodly amount to a Roth each year in order to lower my required distributions yearly and in a few years hope to lower my Medicare premiums and taxes. In addition, when my children inherit the remains of the Roth IRA, they wont be required to take distributions
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