mclinkaberry
Confused about dryer sheets
Hi everyone, I'm new to the forum and hoping someone can point me in the right direction.
My wife and I are both 61 and have been able to qualify for premium assistance with Obamacare through Covered California.
My financial advisor had suggested that I consider taking early withdrawals from our IRA's because the new tax brackets are low now but I don't expect those rates to last long.
The delemna is if we take IRA withdrawals that will count as income when calculating our health insurance assistance.
I've been trying to come up with some formula for finding the sweet spot for taking IRA withdrawals without taking too much. This is turning out to be incredibly complicated.
Is there anyone that has figured this out or maybe lead me to a good advisor that can figure this out?
Thanks in advance for your help!
My wife and I are both 61 and have been able to qualify for premium assistance with Obamacare through Covered California.
My financial advisor had suggested that I consider taking early withdrawals from our IRA's because the new tax brackets are low now but I don't expect those rates to last long.
The delemna is if we take IRA withdrawals that will count as income when calculating our health insurance assistance.
I've been trying to come up with some formula for finding the sweet spot for taking IRA withdrawals without taking too much. This is turning out to be incredibly complicated.
Is there anyone that has figured this out or maybe lead me to a good advisor that can figure this out?
Thanks in advance for your help!