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ROTH Conversion and RMD Sequence

Does a required RMD have to be done before a ROTH Conversion can be done in a calendar year? I do not know why it would matter as long as the required RMD was done before the end of the year but logic does not always apply to the IRS rules.
by vineman93
Tue Dec 16, 2014 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: ROTH Conversion and RMD Sequence
Replies: 4
Views: 511

Re: Anyone consider retiring to Vancouver, Washington?

My wife and I retired here in 2004. It is a nice place to live if you don't mind the rainy winters. The worst things here are the week long fireworks before and on the 4th of July, and the political signs during election season. If you have any pets you have to leave town for that week. There are hu...
by vineman93
Sat Nov 01, 2014 1:58 pm
 
Forum: Personal Consumer Issues
Topic: Anyone consider retiring to Vancouver, Washington?
Replies: 45
Views: 4489

Re: Social Security Payment Anomaly

Thank you sscritic for clearing that up. You are a real asset to this forum.
John Ellis
by vineman93
Sat Dec 29, 2012 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Payment Anomaly
Replies: 4
Views: 537

Re: Social Security Payment Anomaly

Her medicare was $99.90 for 2012 and 104.90 for 2013. The SS payment amounts are before subtracting for medicare payments.
by vineman93
Sat Dec 29, 2012 10:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Payment Anomaly
Replies: 4
Views: 537

Social Security Payment Anomaly

My wife applied for retirement benefits on her work record to begin in December2012. She will be 68 in the middle of January 2013. The payment summary from SS states that her benefit in December will be $1521 and the regular payment effective in January wil be $1513. Since the COLA was 1.7% why did ...
by vineman93
Sat Dec 29, 2012 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Payment Anomaly
Replies: 4
Views: 537

Taxing Social Security

Even though SS does not ajust the amounts where SS is taxed the standard deduction and personal exemptions are adjusted for inflation. This combined with the fact that most people have a pension that is not ajusted for inflation and IRA RMDs usually decrease with age you can plan to eliminate the ta...
by vineman93
Mon Nov 08, 2010 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social security and taxes
Replies: 27
Views: 3940

Re: 2010 IRA Conversion Taxes

Thanks for the replies. I like to plan ahead too.
by vineman93
Sun Aug 23, 2009 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2010 IRA Conversion Taxes
Replies: 4
Views: 1001

2010 IRA Conversion Taxes

Has anyone determined if the taxes paid on 2010 IRA to ROTH conversions are specific to the IRS return or the IRA owner? In other words, if my wife does a conversion of her IRA and splits the taxes 50% in 2011-2012, can I do a conversion of my IRA and pay the taxes in 2010?
by vineman93
Sun Aug 23, 2009 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2010 IRA Conversion Taxes
Replies: 4
Views: 1001

No rebate for IRA income

The IRS details about the stimulus package FS-2008-15, February 2008. "Dividends, interest and capital gains income is not included when determining qualifying income. Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment. Also not included in qualifyin...
by vineman93
Thu Feb 14, 2008 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: Here's the IRS statement on the tax rebates
Replies: 13
Views: 3266

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