Would like to model Roth conversions up to tax brackets. Example would be to do a Roth conversion only if I have a gap at the 12-15% tax bracket....or 22-25%.
Adding on to this would be some version of real-time display of the impacts like being able to see the Tax Analysis: Taxes chart.
That’s one of the challenges of the current conversion modality, not being able to see immediate detailed tax changes (aka each year) while making changes.
Is this not a dupe of one of the planned Optimizer features? Voting for both just in case. ;)
I agree this might be somewhat of a duplicate of the Optimizers item, though perhaps much easier to implement than true optimization. Either way, it is definitely on my wish list.
Agreed. This is an immediate and very useful subset of the other feature request.
In addition to converting to a tax bracket, it would also be very helpful to know room to convert to IRMAA and LTCG thresholds. IRMAA thresholds are just under the top of some brackets, and can result in a huge marginal tax hit if you don’t keep them in mind.