Search found 7 matches

by Zag
Tue Mar 21, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Can I minimize the Tax Torpedo and future Medicare costs?
Replies: 27
Views: 2148

Re: Can I minimize the Tax Torpedo and future Medicare costs?

I'm in similar situation, age 67, and in an elevated Medicare tier. While Bigfoot's spreadsheet may be useful, I made my own single-page spreadsheet covering my first ten Retirement years, age 63 to 72. The main rows in my sheet are income streams that start and stop at different times. For instanc...
by Zag
Tue Mar 21, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Can I minimize the Tax Torpedo and future Medicare costs?
Replies: 27
Views: 2148

Re: Can I minimize the Tax Torpedo and future Medicare costs?

Thanks, guys. I'd used i-orp calculator some years ago. Looks like they've updated it with a few nice features which will make running a few "what if" scenarios a bit easier and clearcut. I'll have to revisit BigFoot48's Retiree Portfolio Model. A while back, I got mired somewhere in the m...
by Zag
Sun Mar 19, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Can I minimize the Tax Torpedo and future Medicare costs?
Replies: 27
Views: 2148

Re: Can I minimize the Tax Torpedo and future Medicare costs?

Thanks, samsoes and retired jg for your insights. Hadn't really thought of SS from a singles vs couples perspective and had always simply assumed waiting until 70 was the way to go for anyone who could afford it, unless they had a an inkling that they might not reach the breakeven age. Will need to ...
by Zag
Sun Mar 19, 2017 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Can I minimize the Tax Torpedo and future Medicare costs?
Replies: 27
Views: 2148

Re: Can I minimize the Tax Torpedo and future Medicare costs?

Something I wonder about is: although delayed claiming of Social Security until 70 (your plan and mine) is often advised, is there ever a rationale to claim at FRA when delay-increased SS payments will push one into either a higher tax bracket or additional fees (such as IRMAA)? S spencer99, I've b...
by Zag
Sun Mar 19, 2017 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Can I minimize the Tax Torpedo and future Medicare costs?
Replies: 27
Views: 2148

Re: Can I minimize the Tax Torpedo and future Medicare costs?

A couple of things to keep in mind regarding Roth conversions: ⋅ A Roth conversion makes the most sense when you have money for the taxes in a taxable account rather than having to pull more money out of the IRA to pay taxes on the conversion. ⋅  Recharacterizing a Roth conversi...
by Zag
Sat Mar 18, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Can I minimize the Tax Torpedo and future Medicare costs?
Replies: 27
Views: 2148

Re: Can I minimize the Tax Torpedo and future Medicare costs?

Thanks for the warm welcomes and well-informed responses. I'm relieved to hear that at least the donut hole is not a worry. :o And I can celebrate the 15% tax-free SS at 70+. :sharebeer I'll check my bond and equity holdings -- get bonds in Trad. IRA and equities in Roth. It looks like I need to run...
by Zag
Fri Mar 17, 2017 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Can I minimize the Tax Torpedo and future Medicare costs?
Replies: 27
Views: 2148

Can I minimize the Tax Torpedo and future Medicare costs?

Greetings. I'm new here, first time posting so please bear with me. I've heard great things about this forum and am hoping to tap into the knowledge base here regarding reducing the impact of what looks to be a Tax Torpedo up ahead along with increased Medicare premiums. :confused Details: Age = 66 ...

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