The present techniques include methods and systems for operating a wind power system to maintain a lifespan of the rotor side converter. In some embodiments, the current of the rotor side converter may be minimized to reduce the stress and/or junction temperature variation in the switching transistors and bond wires of the converter. More specifically, embodiments involve using a minimal current in the rotor side converter based on the rotor side and grid side reactive powers. If the grid side reactive power is greater than a maximum grid side reactive power, the grid side reactive power may be reduced. Further, if the total reactive power does not meet the grid reactive power requirements, the minimal current in the rotor side converter may be adjusted such that the system may sufficiently power the grid.