
Roth Conversions in Retiremement
One way to help manage your income both before and during retirement is to do Roth IRA conversions. This is a simple process that allows you to move money from tax deferred accounts like a IRA, your United Pilots PRAP to a Roth IRA. In general, the amount that you convert is added to your income for that year and will be taxed at that year’s tax rate. But then the money in Roth IRAs grows tax free and comes out tax free.