ACA income planning Social Security first year
I am working on ACA income/cliff planning.
I retired this year and started SS effective Oct, 2020.
So, I will receive SS benefits for October, November and December.
Since the benefits check is deposited the month after payment is due, I will only have 2 payments deposited during 2020.
Will the SSA-1099 for 2020 show 3 months of SS income or just 2 months?
I plan to withdraw as much as possible from tIRA in November/December to maximize 2020 income based on cliff.
I will post a summary here for review soon.