Any reason to covert to Roth?
I’m recently retired - my nonprofit board’s decision, not my plan - and turning 69 soon. I have enough in a taxable account to hold off applying for SS until I’m 70, when it’ll be worth another $450 per month, and likely to get us to my required RMDs. My wife is collecting her SS and a couple years younger. We have no heirs, the taxable account and home are both jointly in our names, and we are primary beneficiaries on each other’s IRAs. I know I have a short window to convert anything to a Roth. Is there any real benefit to converting? I don’t envision RMDs will raise my tax bracket. I’ve roughly calculated I could convert 10-12% of my IRAs in the next 4 years.
Also, any recommend software to work out the tax scenarios? After years of creating spreadsheets, I’m enjoying not having to use Excel or looking to not recreate the wheel. TIA.