I am trying to figure out at what figure to start my taxes in firecalc. I'm 61, will probably retire somewhere between 63 and 64. I have a financial planner who has set up online reports for me. My taxes start out around $10,000, but I just noticed they drop by almost half after I turn 65, then start increasing. I'm going to ask him why, but I suspect it is the turning 65. Anyway, when running firecalc, which figure should I use? I'm guessing it's the lower figure, because that is where the 30 year slow increase will begin.
BTW, today is the first time I've achieved 100% success in firecalc - although my success rate has been consistently above 95%. Reducing my taxes to the 65 year old rate, and the changeover to 2017 apparently made the difference!
BTW, today is the first time I've achieved 100% success in firecalc - although my success rate has been consistently above 95%. Reducing my taxes to the 65 year old rate, and the changeover to 2017 apparently made the difference!