street
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 30, 2016
- Messages
- 9,593
There are plenty of holes in my plan I'm sure of that. Lol What I'm trying to avoid till 65 (ACA) is trying to keep income to a very minimal legal amount.I like that idea for a few years, but what happens when RMD, SS and if you have a pension kicks in? We won't W/D from portfolio for 2-3 years but are pre planning "buckets" to avoid tax burden later. tIRA can be problematic at that point in time.
After 65 then I will try to make a plan that will work best for my situation. I have had numbers run and I won't avoid not paying high taxes at RMD and SS time. Even if I took the exact amount now each year to stay in the lowest or lower tax bracket I still will be in the higher tax bracket at RMD time.
So, right or wrong I will just pay the tax on those high income years of RMD going forward till death. I look at it this way. I take what I have to each when RMD kicks in but still get to have the tax free money till I have to take out the next years etc..