megacorp-firee
Thinks s/he gets paid by the post
- Joined
- Apr 16, 2007
- Messages
- 1,305
Starting a new thread from the related subject of taking SS early.megacorp-firee said:I do have a question that has NOT been addressed here, and that is of the tax consequences of taking it early or late. If you have a lot of taxable income (say 70K counting pension and income from portfolio), does it make sense to defer to later so that you actually net more. DON'T ANSWER HERE... I will start another thread.
Has anyone taken a look at the tax consequences of taking SS at 62 if you have a sizeable taxable income. For example a $50K pension and $20K of dividends and interest generated from portfolio. Assume that dividends are qualified and interest is taxed at regular income tax rates. Thanks.