Ok, I know the answer starts with it depends or varies, but I am trying to get a “general” fix on what my effective income tax rate will be once I RE in 2 years. I am planning on a higher withdrawal rate +/- $300K. I get that there can be extreme swings depending upon your where your RE income comes from (I.e 100% from Roth or munis to 100% IRA). Excluding state taxes which obviously vary by state, I would be curios to hear from those of you that are generating $150K + in RE income a few stats...
- Income?
- Effective tax rate (with or without your state rate... please note rate if uses)?
- approximate % split of income generating assets (I.e. IRA 60%, Roth, 20%, pension 20%)?
- Any special deductions beyond standard?
- Other strategies you use to minimize taxes?
Right now, I have underwritten an effective tax rate of 25% (inc state) and project to be about 50/50 taxable and tax differed accounts when I launch. Thoughts?
- Income?
- Effective tax rate (with or without your state rate... please note rate if uses)?
- approximate % split of income generating assets (I.e. IRA 60%, Roth, 20%, pension 20%)?
- Any special deductions beyond standard?
- Other strategies you use to minimize taxes?
Right now, I have underwritten an effective tax rate of 25% (inc state) and project to be about 50/50 taxable and tax differed accounts when I launch. Thoughts?