Retiring at 60 With $2.2 Million in Your 401(k)? Make Sure You Convert Before Medicare

If you’re approaching retirement with a healthy 401(k) balance—say, $2.2 million—there’s more to consider than just how you’ll spend your golden years. One important move between ages 60 and 62 is converting some of your 401(k) funds into a Roth IRA. This step can help you avoid higher Medicare premiums down the road, trim back future required minimum distributions, and keep your tax picture as clear as possible. Many people overlook the advantage of paying conversion taxes from taxable accounts while also delaying Social Security benefits. As someone who values thoughtful planning and clear explanations, I know how important it is to make choices that set you up for lasting peace of mind. Taking the time now to understand these options means you’re not just preparing for retirement—you’re protecting your future.