retirerment

Be careful with tax brackets However, it's also worth looking into how this might affect your tax bracket. If your circumstances are as listed above, but you have $200,000 in a traditional 401(k) that you left with your previous employer, then it definitely doesn't make sense to change everything. that's in one year, as this will put you in a higher tax bracket which will then reduce your plan balance unnecessarily. You instead want to convert the portion for the year that will be tax-free due to your deductions and credits as shown earlier and then convert the remainder over…