VanWinkle
Thinks s/he gets paid by the post
SS + small pension = 70% of expenses, the rest is from port. RMDs starting next year will be tough on our tax bill since most of my assets are IRA and will result in ~ 45% more $s than we need to live on.
Good time for QCD's to your favorite charity to reduce the tax hit. Instead of having to hit the new 26,600 thresh hold to deduct charity, you can do it direct as part of your RMD and save some of the tax hit. Anyone taking RMD's should use this method if giving to charities. Up to 100,000 per year(a little rich for my blood).