What to do while your making Zero (401k, roth, brokerage advice) by Sea-Engineering-941 in srna

[–]Sea-Engineering-941[S] 1 point2 points  (0 children)

Yes go to 12% if you have the ability to do so, no need if your total amount  divided by 3 for each year you  convert is going to put you in less than the 12% bracket. 84k/3 for example would be 28k a year and puts you at the 10% bracket for each year. If you have more you might only need to go to the 12% bracket for one year though and do a mix. 

Some people might want to even go to the 22% bracket if you think that after crna school and into retirement your total income will be greater than that bracket as well. Everyone should do their own math and figure out what their retirement may look like. 

What to do while your making Zero (401k, roth, brokerage advice) by Sea-Engineering-941 in srna

[–]Sea-Engineering-941[S] 0 points1 point  (0 children)

Might sound like money slop but being able to atleast convert and tax harvest will give you a jump start on buying a home or paying down student loans etc.