For some, any added income can bring high, high taxes.
RMDs with high amount of money in pre-tax accounts means income is pushed up. For MFJ, both may have RMDs.
Social security pushes up income. Again, MFJ means both of you.
Dividends in taxable means more income and taxes.
Medicare IRMAA, when you hit the income level means penalty premiums for both in a MFJ couple.
I'm one who has "too much" pre-tax and so is Roth converting like crazy. Getting rid of dividends is part of my strategy to reduce unwanted income.
RMDs with high amount of money in pre-tax accounts means income is pushed up. For MFJ, both may have RMDs.
Social security pushes up income. Again, MFJ means both of you.
Dividends in taxable means more income and taxes.
Medicare IRMAA, when you hit the income level means penalty premiums for both in a MFJ couple.
I'm one who has "too much" pre-tax and so is Roth converting like crazy. Getting rid of dividends is part of my strategy to reduce unwanted income.
Statistics: Posted by Jack FFR1846 — Sat Aug 10, 2024 6:10 pm — Replies 20 — Views 4523