When you’re struggling with the basics, a financial fitness coach or an accredited financial counselor may be a better fit than a financial planner.
This is a follow-up question to one you recently answered about tapping 401s in order to delay the start of Social Security. I am 63 and retired early with a good pension that fully covers my basic living expenses. Any additional money would only be “gravy” for vacations and travel. Would I be taxed the same if I start taking Social Security now vs. waiting? I could easily tap my 401 to put off applying for Social Security.
That’s not the case for most people because they’re in a lower tax bracket when they stop working. Some older people, however, do face higher tax rates in retirement — typically because they’ve been good savers, and required minimum distributions from their retirement accounts will push their tax rates higher.
The math can be tricky, though, so it’s advisable to get help from a tax pro or financial planner. You don’t want to convert too much and push yourself into a higher tax bracket, or trigger higher Medicare premiums.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
The 50 Best Movies on HBO Right Now (March 2020)Here are the best movies HBO has to offer right now, including the first two 'Alien' films and 'Robocop'
続きを読む »
How Runners Are Staying Motivated and Active During Social DistancingFrom finding a workout routine for the whole family to spending time alone outdoors, here’s what’s getting other runners through.
続きを読む »
Miley, Charli, And More Self-Quarantined Celebs Are Becoming Their Own Talk Show HostsYour guide to all the social-media talk shows you don’t want to miss—from MileyCyrus, to lizzo’s mass meditation
続きを読む »
If You Need a Distraction, Nordstrom is Offering 25% Off Site-WideCult beauty products that almost never go on sale? Now's the time to panic-hoard.
続きを読む »
If You Need a Distraction, Nordstrom is Offering 25% Off Site-WideCult beauty products that almost never go on sale? Now's the time to panic-hoard.
続きを読む »
These banks are offering coronavirus financial aidFrom emergency loans to deferred payments, credit unions and banks across the country are making accommodations for Americans impacted by COVID-19.
続きを読む »