On 11/14/2012 - I did another partial roth conversion.
In late March 2013 - I finished doing my tax returns (fed and state)
Tonight - I did some "what if's" tax scenarios. What if I hadn't done the Roth conversion - what would my taxes have been.
Now I have a head ache.
Actual Effective tax rate (Fed+State) = 7.33%
What If No Roth Conversion Effective tax rate (Fed+State) = 1.45%
The marginal tax rate on my Roth conversion was 28%
Ugh! Looks like I overshot the runway.
) "How to pay ZERO taxes in retirement" eluded me this year. Dang.
There's no way I can claw back that Roth conversion or re-characterize it or anything, is there?