Roth IRA Conversion
I'm currently 67 and retired and I would like to determine what happens to my standard of living (SOL) if I convert a portion of my IRA into a ROTH IRA. When I calculated the affect of converted 50% this year, taxes were prohibitive and the SOL dropped. Even when I tried converting 25% in 2007 & again in 2008, SOL took a nose dive. So I tried converting 5% each year beginning in 2007 and ending in 2011. Problem was the program would not let me make a ROTH contribution beyond age 70 in the "Retirements Accounts/Contributions" window. I still have a sizable IRA balance but that shouldn't prevent me from make a ROTH contribution. I can't find any other input screen that's limiting what I want to do.
How can I get ESP to do what I want?