James and Andrea, a couple in their 80s with $2.8 million in traditional IRAs, are considering converting to Roth IRAs for tax-free withdrawals. However, the conversion could impact Medicare premiums. Timing is crucial, and consulting a tax planner is recommended to navigate the complexities of estate and tax planning.

Read more at Yahoo Finance: We’re considering converting our Roth IRAs before one of us dies. Will it spare our family tax headaches?