Hermit
Thinks s/he gets paid by the post
I cashed in all my Savings Bonds and took a distribution from my 401(k). How about you?
This was my first full year of retirement and the first year my income was low enough to take advantage of the Savings Bonds Education Credit. It is also (hopefully) the last year I am going to pay for DS's tuition. I also took a distribution from the 401(k) to bump the income up to just under the level allowed for doing the education credit. Next year I will bump my income to just under the break point for Medicare. With pension and SS I cannot get below the 25% tax bracket.
This was my first withdrawal from retirement savings. Total savings withdrawal under 2%. Putting extra cash into house building fund to cover possible overages.
This was my first full year of retirement and the first year my income was low enough to take advantage of the Savings Bonds Education Credit. It is also (hopefully) the last year I am going to pay for DS's tuition. I also took a distribution from the 401(k) to bump the income up to just under the level allowed for doing the education credit. Next year I will bump my income to just under the break point for Medicare. With pension and SS I cannot get below the 25% tax bracket.
This was my first withdrawal from retirement savings. Total savings withdrawal under 2%. Putting extra cash into house building fund to cover possible overages.