Calculating MAGI
My income on line 22 of next year's 1040 looks as if it will be close to 133% of the FPL. Can someone confirm that if I make a Traditional IRA contribution it will be deducted from the value on line 22 when calculating my MAGI.
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“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
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