At age 55 with $900,000 in a traditional individual retirement account (IRA), converting $100,000 per year to a Roth IRA could help reduce required minimum distributions (RMDs) and related taxes in retirement. Although Roth conversions create current tax liabilities, paying taxes now may result in more predictable and lower lifetime taxes. Taking an incremental Roth conversion approach can effectively distribute the tax impact over time and keep you in lower tax brackets depending on your total income in ...