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Old 02-26-2013, 01:49 PM   #21
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Originally Posted by Lsbcal View Post
When RMD's kick in for us we will be locked into a tax situation due to the required tIRA income + SS. No way to totally avoid paying taxes but that's the cost of living in a free country.
Like you, we will push back any RMD-induced creep up the tax brackets in later years by doing iTRA --> Roth conversions. But I won't go crazy over it:
-- Who knows what might happen to allow the government to tax Roth distributions (directly or indirectly--VAT, higher taxes on SS due to total income from all sources, etc).
-- By the time I reach RMDville, the remaining road is a bit shorter and if high taxes are a problem it means the nest egg has done well for us. In the home stretch and with the wind at our backs, paying taxes will hurt a bit less than it would today. Maybe.
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Old 02-26-2013, 02:04 PM   #22
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I played around with ORP yesterday and could not find a way to model income ending because of the death of one spouse. This is such a huge factor. I don't understand why they don't have end dates for SS and pension incomes and instead assume that both spouses live until the end. Am I missing something?
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Old 02-26-2013, 02:17 PM   #23
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Originally Posted by RetiringAt55 View Post
I played around with ORP yesterday and could not find a way to model income ending because of the death of one spouse. This is such a huge factor. I don't understand why they don't have end dates for SS and pension incomes and instead assume that both spouses live until the end. Am I missing something?
This is one of the things the ESPlanner does very well. Of course you have to tell it what year the unfortunate death will happen, but it will give a full report including child entitlements if still at home.
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