Eleganza | E+ | Getty ImagesThe best tax brackets for Roth conversionsWhen crunching the numbers for a Roth conversion, you'll want to consider how the transfer impacts your current tax bracket, according to Tommy Lucas, a certified financial planner and enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida. If you can stay within the 12% tax bracket or lower, "that's a no-brainer, 99% of the time," he said. "If we can convert and still stay in the 24% bracket or lower, I'm a thumbs up," he said. Weigh rebalancing in lower-income yearsWhen completing a Roth conversion, advisors typically aim to fill a specific tax bracket with income without spilling into the next one. For example, if you're sitting on a large brokerage account with sizable gains, you could leverage your lower tax brackets to rebalance your portfolio, he said.

---

Persons: Roth, Tommy Lucas, Moisand Fitzgerald Tamayo, Ryan Losi, greenlight Roth, Lucas Locations: Orlando , Florida