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Old 06-20-2014, 11:21 PM   #21
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Originally Posted by dtbach View Post
You make a good point. Yes I have Survivor Benefits on my pension that pays about 60%. My SS is higher so she would switch to that. All of the portfolio would go to her. I suspect she would sell the house (which would generate a fairly good amount of cash) and move into a condo. I think she would be in good shape.
Two points:
The Survivor Benefit Plan pays out 55% and rises each year with the pension COLA.

You could maximize your Social Security benefits by delaying to age 70 and spending down more of your portfolio now. If you're taking RMDs from your tax-deferred accounts, then taking bigger distributions earlier might be able to reduce the amount of SS subject to federal taxes later.

In any case, by delaying your SS to age 70 you'll maximize your spouse's SS survivor benefits (assuming you had the higher earnings record). There are a number of "file and suspend" options that could help the two of you maximize your SS distributions without both of you waiting until age 70.


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Old 06-20-2014, 11:36 PM   #22
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I'm with Nords, I'm taking voluntary distributions from my IRA in amounts that keep me in the 15% tax bracket (36,900 for 2014?)

I'm thinking about returning the US and spending a bit more, mulling with drawl rates of 4 to 4.5%. I will defer SS to age 70 unless my portfolio takes a major hit or I have a major illness that would likely send me to my great reward


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