Originally Posted by
Buck Rogers
Creative Accounting?
Any thoughts about ways to "benefit" me vice the government regarding taxes going into retirement?. One thing I was thinking was, delay taking PBGC benefit for a full calendar year as well as delaying taking SS for that same year. Both of those payouts go up in subsequent years,....but more importantly....my tax rate would be 0% for that calendar year. Then do some sorta roth conversion on some monies and probably(hopefully) pay a lot less taxes to do that due to the 0% tax bracket to start ( before the taxable money that is getting converted)
Thoughts....will talk to a retirement guy but just trying to think through some things prior to wasting my/his time
That’s exactly what I’m gonna try to do... Then look at those converted funds as funds for 10+ years into retirement so it makes the conversion worth it. Trying to have a year or possibly two of living expenses in taxable accounts when I retire. It really depends on how much those accounts earn and PS for the first year.
Denny
Denny