Yep, looks like you're retiring with four million dollars in your IRA. Hey, so you owe us? Nothing. Not this time, buddy.

We know you have a traditional IRA. You now owe us those taxes that we've let you defer until 72. You must be one of the 87,000 new guys. They didn't tell you.

I converted.

You did what? When I was 30, my wife and I weren't making very much money. We were in a lower tax bracket, so I converted my traditional IRA to a Roth IRA and took the tax hit then.

So this account is now tax-free?

That's right. But we didn't get that much money from you.

I know. That's why I did it.