Search found 2683 matches

by #Cruncher
Wed Nov 14, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS OID for 2011 through 2018
Replies: 19
Views: 3466

TIPS OID for 2018: 2.5%

With the release of the October 2018 CPI today, I've updated my TIPS Interest and OID through the end of 2018. It shows interest and OID for each $1,000 face value of the following 45 TIPS. (OID or Original Issue Discount is how the IRS refers to the increase in inflation-adjusted principal.) 38 bon...
by #Cruncher
Tue Nov 06, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: Duration matching with TIPS funds instead of buying individual TIPs
Replies: 16
Views: 1238

Re: Duration matching with TIPS funds instead of buying individual TIPs

The Treasury appears to set the interest rate at auction such that the price per bond is as close to $1,000 as possible. This is approximately true for the initial auction of a Treasury bond (nominal or TIPS). [*] But it is not the case for subsequent auctions of the same issue. For example, the re...
by #Cruncher
Mon Nov 05, 2018 3:37 pm
Forum: Investing - Theory, News & General
Topic: Dividends for fund not own whole month
Replies: 13
Views: 1884

Re: Dividends for fund not own whole month

I'm replying to this old thread to add some confirming information. To help other readers, please allow me to assist with name + symbol + link identification: Vanguard's Short-Term Government Bond Index Fund , VSBSX, … in their respective statutory prospectus ... ... The Fund’s income dividends gen...
by #Cruncher
Mon Nov 05, 2018 2:33 pm
Forum: Investing - Theory, News & General
Topic: Duration matching with TIPS funds instead of buying individual TIPs
Replies: 16
Views: 1238

Re: Duration matching with TIPS funds instead of buying individual TIPs

I could simply purchase a TIP in that amount maturing in 10 years but the problem with that is that the return from TIP assumes that the interest thrown off is re-invested in the TIP and that is impractical. A zero-coupon TIP would be perfect, if it existed. The coupon on the latest 10-year TIPS, t...
by #Cruncher
Fri Nov 02, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 86
Views: 7605

Re: I Bond fixed rate = 0.5%

I'm considering redeeming some of my first I Bonds from a year ago (0.1% fixed) to roll them into the new rate. Good point. What's the calculation to decide if the lost interest from the older I bonds (if <5 years old) is worth it for the new higher fixed rate? I've developed a little spreadsheet t...
by #Cruncher
Thu Nov 01, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: RE TIPS- Is my understanding below correct?
Replies: 1
Views: 372

Re: RE TIPS- Is my understanding below correct?

The price you pay for a bond (nominal or inflation-indexed) is irrelevant to the principal you'll receive at maturity -- the Treasury doesn't care what you paid. For this TIPS at maturity 2/15/2046 you'll receive the inflation-indexed principal (plus the last semi-annual interest payment). Here is t...
by #Cruncher
Thu Nov 01, 2018 11:30 am
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 86
Views: 7605

Re: I bond new rate posted - 2.83%

For those interested, here are the composite rates that will take effect from November 2018 to April 2019 [ 1 ] and run for six months for all outstanding I Bonds, including newly issued ones with a 0.50% fixed rate (see TreasuryDirect News Release ). [ 2 ] They incorporate the new semi-annual infla...
by #Cruncher
Mon Oct 29, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Earliest I-bond redemption without penalty
Replies: 2
Views: 418

Re: Earliest I-bond redemption without penalty

... is November 01, 2018 (5 years later) the earliest I can redeem without 3 months interest penalty? Yes. You can confirm this with TreasuryDirect's Savings Bond Calculator (SBC). Choose Series: I-Bond Denomination: 1,000 Issue Date: 11/2013 Here is what it will show as the Value for the following...
by #Cruncher
Sat Oct 27, 2018 12:14 am
Forum: Investing - Help with Personal Investments
Topic: When to sell CDs and accept EWP
Replies: 10
Views: 1316

Re: When to sell CDs and accept EWP

For the original CDs with maturity dates longer than 2 years, this does not take into account the break-even point compared with the new CD maturing in 2 years when the new CD matures, does it? ... What I seek is to know the yield necessary to break even at the maturity date of the new CD. I don't ...
by #Cruncher
Fri Oct 26, 2018 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum pension vs. annual annuity
Replies: 12
Views: 1691

Re: Lump sum pension vs. annual annuity

Some quick amounts. [1] Present Value 177 month for 35 years $74,340.00 [2] Present Value 35k lump 6% for 35 years $84,668.15 [3] Present Value 286 month for 30 years $102,960.00 [4] Present Value 46k lump 6% for 30 Years $100,255.50 There are three problems with this, pdog. Firstly, since you're a...
by #Cruncher
Wed Oct 24, 2018 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: When to sell CDs and accept EWP
Replies: 10
Views: 1316

Re: When to sell CDs and accept EWP

(For the ones maturing in 11/2020, rounding to 2 years to maturity, I assume the answer would be 2.57%/.75= 3.43%, since I would be losing about 1/4 of the remaining interest cf. holding to maturity, correct?) No, the breakeven rate on the new CD is about 3.22%, not 3.43%. After the 6 month penalty...
by #Cruncher
Tue Oct 23, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Confused about compound interest and diminishing returns
Replies: 7
Views: 1350

Re: Confused about compound interest and diminishing returns

For example, I just increased taxable another $6k/per year resulting in my family being able to retire ~ 1 year earlier. Shaving a year off your otherwise required worklife is quite significant in terms of QoL [quality of life]. One year seems like a lot to me also. In the following example continu...
by #Cruncher
Mon Oct 22, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Federal taxes in retirement
Replies: 25
Views: 2463

Re: Federal taxes in retirement

So expecting provisional income >50K/yr means 85% of SS will be taxed, which would greatly impact our bottom line tax rate, perhaps bump us from 12% to 22%. Our situation in 1yr, monthly SS 1700+ @ 62.5yrs Pension 2000+ Rents 1000+ Annuity 50% taxed +/- 10% 1500 ... One of could keep working gross ...
by #Cruncher
Sun Oct 21, 2018 7:31 am
Forum: Investing - Theory, News & General
Topic: Thoughts on 5 year TIPS bonds?
Replies: 42
Views: 3597

Re: Thoughts on 5 year TIPS bonds?

... I was just curious why the Jan 2019 one is at 1.7% and April 2019 is at 1.5%, higher than later ones. I am guessing it has something to do with how the semi-annual inflation adjustments work and those two bonds having less than 6 months to maturity? Your guess is partially right, Jeffy. But the...
by #Cruncher
Fri Oct 19, 2018 10:36 pm
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 3989

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

Would using the coupon payments to purchase the same TIPS, effectively "reinvesting" the coupon in the same issuance, be a close substitute for strips? It depends on the yield to maturity (YTM) at the time coupon payments are reinvested in the TIPS. [1] If the YTM is the same as that of the origina...
by #Cruncher
Fri Oct 19, 2018 7:28 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 3989

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

... if one is building a LMP [Liability Matching Portfolio], which is what I am doing, I think the ideal coupon is "0%", ... the bottom line is that I want my present day purchase to at least be equaled in real value at maturity. Additional coupons paid out every year complicate things. Indeed! Acc...
by #Cruncher
Mon Oct 15, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 29
Views: 2847

Re: social security

If the op files a separate return from his spouse, every penny of his SS benefit will be taxable. According to the Social Security Benefits Worksheet , if the separate return filer lived apart from his spouse the entire year, the taxable portion of SS is determined the same as if he were single. Bu...
by #Cruncher
Sun Oct 14, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Company Pension: Single Life Annuity vs Accelerated Income option
Replies: 3
Views: 410

Re: Company Pension: Single Life Annuity vs Accelerated Income option

… I intend to take a single life annuity pension next year when I turn 60. ... Under the accelerated income option, the payout until 62 and two months is about 35% higher ($600/month) than normal single life payout. After 62.167 the payout for the duration is about 6% lower ($100/month) than normal...
by #Cruncher
Sun Oct 14, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Start a Treasury Ladder... or not?
Replies: 17
Views: 2314

Re: Start a Treasury Ladder... or not?

I am considering breaking up the $1 mil into 5 equal $200K lots and begin in Nov building a monthly ST Treasury bond ladder until all funds are invested by March 2019. Then come April I will have Treasuries maturing every month going forward ... Unless you buy in the secondary market, you can't pur...
by #Cruncher
Sat Oct 13, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Morse Code Glide Path
Replies: 32
Views: 1817

Re: Morse Code Glide Path

… The "To 70%" column in the table below shows the exchange from bonds to stocks necessary to restore the 70% stock allocation. But ... the recommended approach reduces the bond allocation from 30% down to only 18%. (60% X 326 / 1080), and the stock allocation up to 82%. The "To 82%" column below s...
by #Cruncher
Fri Oct 12, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Is this calculation on t-bill tax-equivalent return correct
Replies: 12
Views: 1428

Re: Is this calculation on t-bill tax-equivalent return correct

Do i set the week number (0, 3, 6, 9) to the auction settlement date? Yes. 4, 13, and 26 week Treasury Bills are scheduled so that every week a new one is issued (i.e., the settlement date) on the same day an old one matures. (Normally this is on Thursday, but will be Friday if Thursday is a holida...
by #Cruncher
Fri Oct 12, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: Morse Code Glide Path
Replies: 32
Views: 1817

Re: Morse Code Glide Path

The beauty of this is in down markets, the bond allocation actually decreases, forcing you to buy more stocks than you would with a target date glide path ... Following this approach would require an iron will (and stomach!) in a severe downturn in stock prices. Consider the crash from 2007 to 2009...
by #Cruncher
Fri Oct 12, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Lump sum vs pension
Replies: 14
Views: 1515

Re: Lump sum vs pension

My pension does not have cola. … A June 1, 2019 retirement. Projected numbers Lump Sum 413,056 Pension with 75% for my wife if I should die first. 23,520 per year and 17,640 per year. I will be 62 next month and my wife is 60, soon to be 61. Assuming you can roll it into an IRA, I suggest taking th...
by #Cruncher
Thu Oct 11, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2146

Re: early retirement for health reasons- pension option ss income leveling?

I will be 61 in January ... If I retire next spring, per my current pension estimates I could receive a lifetime annuity of $2352 . A fixed sum payment for 120 months would be in the amount of $4199 , and if I took an income leveling option I would receive $4318 until 66 years 8 months and then I w...
by #Cruncher
Sat Oct 06, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Is this calculation on t-bill tax-equivalent return correct
Replies: 12
Views: 1428

Re: Is this calculation on t-bill tax-equivalent return correct

What I'm considering is ... purchasing a $5,000 13-week T-bill every month for 4 months (roll each bill forward for a total of $20,000 in T-bills). You need to buy them more frequently than every month. For example, if you buy bills every three weeks at week 0, 3, 6, and 9, you'd have a ladder (4 X...
by #Cruncher
Sat Oct 06, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Is this calculation on t-bill tax-equivalent return correct
Replies: 12
Views: 1428

Re: Is this calculation on t-bill tax-equivalent return correct

The equation you (OP) are using is accurate for Treasuries if state tax is fully deductible on your federal taxes. It isn't accurate if you will be using the standard deduction on your federal taxes. … Kevin M's article above gives (derives) the equations to figure out what CD rate would give you t...
by #Cruncher
Wed Oct 03, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: Why TIPS only for unexpected inflation?
Replies: 27
Views: 2625

Re: Why TIPS only for unexpected inflation?

So does this mean that if you have TIPS and inflation unexpectedly goes down, you'll lose money (in real terms)? The nominal principal of TIPS is adjusted upward for increases in the Consumer Price Index ("inflation") and downward for decreases in the CPI ("deflation"). (Whether the change in the C...
by #Cruncher
Sun Sep 30, 2018 1:59 pm
Forum: Investing - Theory, News & General
Topic: confused on how tips work
Replies: 7
Views: 821

Re: confused on how tips work

If that [index] ratio is 1.035, my understanding is that means there has been a cumulative net total of 3.5% inflation since the issuance. This is correct. The index ratio on each interest payment date equals the interpolated Consumer Price Index (aka Reference CPI) divided by the Reference CPI on ...
by #Cruncher
Sun Sep 30, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: “Worth-It to Break CD” APY: Help with calculation
Replies: 14
Views: 3483

Re: “Worth-It to Break CD” APY: Help with calculation

With regards to your comment "The second conceptual error is that taxes aren't deducted from the running balances. ..." ... for a CD with a period of more than 1 year you have to pay taxes each year. To avoid ambiguity I should have said, "The second conceptual error is that, in your approach , tax...
by #Cruncher
Sat Sep 29, 2018 11:54 pm
Forum: Investing - Theory, News & General
Topic: “Worth-It to Break CD” APY: Help with calculation
Replies: 14
Views: 3483

Re: “Worth-It to Break CD” APY: Help with calculation

I have tried to expand on the original spreadsheet by consider the after tax impact. There are a couple of conceptual errors in your approach, Robert. But first, here is a simplified version of your spreadsheet example. The "Pretax Balance" and "Diff" columns are identical to yours. Old CD APY 2.23...
by #Cruncher
Fri Sep 28, 2018 10:33 pm
Forum: Investing - Theory, News & General
Topic: Consistent Yield & Duration to Help Choose TIPS Fund
Replies: 93
Views: 22604

Re: Consistent Yield & Duration to Help Choose TIPS Fund

I've updated the Yield to Maturity and Duration Calculator with WSJ TIPS Prices 9/28/2018 and the weighting effect of the 10-year auctions in July & September, and the 5-year auction in August. As shown in the table below, the weighted average yield of the bonds in the 1+ years broad index is 0.90% ...
by #Cruncher
Thu Sep 27, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct has awesome phone support! Thanks!
Replies: 21
Views: 1854

Re: Treasury Direct has awesome phone support! Thanks!

After not logging in for over a year, I couldn't access my TreasuryDirect account last night. I entered my account number and got a message saying a One Time Passcode (OTP) had been sent to my email address. However I no longer had that email account. The message said to call 844-284-2676 if the ema...
by #Cruncher
Tue Sep 25, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7641

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

This quote below [from the blog ] was particularly useful in demonstrating how the so-called RMD problem usually isn't one. … how large would your tax-deferred account have to be in order for you to pay 37% on ANY of your RMD? ... You may need an IRA of nearly $14M in order to have this first world...
by #Cruncher
Fri Sep 21, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Using Capital Losses to Free Up Headspace for Roth Conversions in 12% Tax Bracket
Replies: 2
Views: 399

Re: Using Capital Losses to Free Up Headspace for Roth Conversions in 12% Tax Bracket

I know capital losses ... will be wasted if used up on capital gains which would be taxed at 0% in the 12% tax bracket. However could those capital losses still have value by reducing your AGI and thus opening up "headspace" in the 12% bracket for taxpayers who are making Roth conversions to the to...
by #Cruncher
Fri Sep 21, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Buying secondary market TIPS via Vanguard Brokerage
Replies: 7
Views: 486

Re: Buying secondary market TIPS via Vanguard Brokerage

(3). Your total purchase price is as follows: The inflation adjusted principal calculated by multiplying the par value by the TIPS inflation index ratio Interest accrued from the last coupon date to the settlement date of the purchase. ... You forgot to include the price, HueyLD! If the TIPS were p...
by #Cruncher
Fri Sep 21, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 53
Views: 5324

Re: Delaying SS? How Long It Will Take for It to Pay Off?

But the decision [when to start SS benefits] should be made separately for each year. There's nothing special about one year. [1] The diagonal in the following table shows the one-year breakevens. But the table also shows the other combinations of yearly commencement of benefits. For example the br...
by #Cruncher
Thu Sep 20, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 53
Views: 5324

Re: Delaying SS? How Long It Will Take for It to Pay Off?

Another way of looking at is to compare delaying Social Security to starting it early and buying an annuity with that money when you are 70. … Assume: 1) This is for a single person to keep it simple 2) They could get $1,000 a month in Social Security at the age of 62 3) If they delay starting Soci...
by #Cruncher
Tue Sep 18, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Social Security when Retiring before Benefits Begin
Replies: 24
Views: 6194

Re: Effect of Social Security when Retiring before Benefits Begin

I'm going to discuss a new subject. But it shares one thing with the topic of this thread: how it can be useful to capitalize expected future Social Security benefits. The context here is one often discussed on the forum (some might say too often :wink: ): whether to begin collecting SS at age 62 or...
by #Cruncher
Tue Sep 18, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign annuity tax question.
Replies: 2
Views: 189

Re: Foreign annuity tax question.

… I put funds in a local bank. In august, I converted the cash balance to a monthly annuity. … Will the full amount be taxable at my normal tax rate? I'm not a tax specialist, especially regarding foreign income. But it seems that only part of your annuity may be taxable. See IRS Publication 939: G...
by #Cruncher
Mon Sep 17, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9489

Re: Delaying Social Security Until 70

I used to be firmly in the wait till 70 camp but I learned that I was making an incorrect assumption that is making me look seriously at drawing at FRA of 66-8. I am married and my spouse will be drawing based on half my benefit rather than hers. I had incorrectly assumed that she would get half of...
by #Cruncher
Sun Sep 16, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 53
Views: 5324

Re: Delaying SS? How Long It Will Take for It to Pay Off?

... For instance, the article states that for those with FRA of 67, delaying SS from 62 to 70 could be recouped within 10.3 yrs, i.e. by the age of 80.3. All calculators I tried showed the break-even point well into the late 80s. As remomnyc says above, "Breakevens depends on what rates you use". T...
by #Cruncher
Sun Sep 16, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: delaying claiming SS from age 64 to 70 while not working
Replies: 21
Views: 1620

Re: delaying claiming SS from age 64 to 70 while not working

I'll be retiring this year at age 64, two years before FRA of 66. I have calculated my possible benefits at 64, but can't pin down what they would be if I didn't claim until age 70. You were born in 1954 so your Normal Retirement Age (aka Full Retirement Age) is 66. According to SSA's Effect of Ear...
by #Cruncher
Fri Sep 14, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10286

Re: Argument for taking social security before 70. Comments?

The problem is with the following plan of action (which I see often -- you can even see it in this thread): A married person looks up their life expectancy and their spouse's life expectancy from a credible source, The person then performs an analysis (whether in an online calculator or a DIY sprea...
by #Cruncher
Thu Sep 13, 2018 4:36 pm
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10286

Re: Argument for taking social security before 70. Comments?

Here's how I estimate the break-even. It's easiest to do one year at a time. Suppose that you have enough money to cover this year's Social Security. You can ... take Social Security now and buy a TIPS ladder which will cover the future years' payments. The break-even is the point where the TIPS la...
by #Cruncher
Wed Sep 12, 2018 8:50 pm
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10286

Re: Argument for taking social security before 70. Comments?

I don't know if the calculations included any investment returns. Ignoring that (i.e. put all your SS money under the pillow), ... Since SS benefits are inflation-indexed, to not "include any investment returns" is not the same as to "put all your SS money under the pillow". The latter would repres...
by #Cruncher
Wed Sep 12, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: TIPS with Fidelity through HSA
Replies: 6
Views: 1038

Re: TIPS with Fidelity through HSA

TIPS are less volatile than nominal bonds of the same duration, … This is probably a good assumption since nominal Treasury yields reflect both real yields and inflation expectations, while TIPS yields reflect only the former. The history since 2004 sort of backs this up. The following chart shows ...
by #Cruncher
Wed Sep 12, 2018 12:13 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10286

Re: Argument for taking social security before 70. Comments?

... my wife has a limited work history and is only eligible for spousal benefits on my work record. ... To my amazement I could die at any age between 70 and 95 and it would not affect the breakeven age at all. If my assumed return was 0%, breakeven age was 88. If my assumed return was 2%, breakeve...
by #Cruncher
Thu Sep 06, 2018 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Pension early distribution options
Replies: 12
Views: 1004

Re: Pension early distribution options

Here are my options: Single lump sum payment of $49,600 paid in November 2018. … Start monthly benefits beginning November 2018 - options: Single life annuity $238/mo 100% Joint and Survivor Annuity $216/mo Make no election now & defer payment until retirement (no lump sum avail) - options: Age 60 ...
by #Cruncher
Wed Sep 05, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 5122

Re: Time to look at SS [When should I take Social Security?]

I am now 73. I took SS at 62 and have never regretted it for a second. … If the CAGR of your portfolio exceeds 8% there is no break even age. You could live to 150 and not break even. As a practical matter if your portfolio CAGR is greater than about 5% you are better off claiming early. I agree th...
by #Cruncher
Wed Sep 05, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: 2018 tax - filling marginal tax rate with Roth
Replies: 5
Views: 649

Re: 2018 tax - filling marginal tax rate with Roth

I assume my actual tax rate is derived by adding social security benefit plus my pension ... Not all of SS benefits are taxable. The actual amount is determined by a complicated method that is explained in the Wiki's Taxation of Social Security benefits . One result of this is additional ordinary i...