NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
Yes, RMD can be a big deal, not with just higher tax brackets but also the IRMAA.
I am too lazy now to work out all the numbers, but am doing higher Roth conversion to average out the income before I claim SS (soon now), and then get hit by RMD. Not too many years left for Roth conversion.
Much of my investable assets is in tax-deferred accounts, because I drained much of my after-tax savings to live on while waiting for 59-1/2. My wife herself got 7 figures in her own accounts.
And I recently remember the future tax bomb caused by the I-bond interest accumulation since the early 2000s.
Argh. Too lazy to set up a spreadsheet. It's more fun to watch the market to sell covered calls and puts.
I am too lazy now to work out all the numbers, but am doing higher Roth conversion to average out the income before I claim SS (soon now), and then get hit by RMD. Not too many years left for Roth conversion.
Much of my investable assets is in tax-deferred accounts, because I drained much of my after-tax savings to live on while waiting for 59-1/2. My wife herself got 7 figures in her own accounts.
And I recently remember the future tax bomb caused by the I-bond interest accumulation since the early 2000s.
Argh. Too lazy to set up a spreadsheet. It's more fun to watch the market to sell covered calls and puts.
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