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Old 11-08-2018, 11:38 AM
 
71,507 posts, read 71,674,131 times
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Again ,you need to see how spending taxable assets works out . Stocking up on to much cash can be worse than the taxes so that means assets will be sold to create cash and rebalance .

Those taxable assets and rebalancing may foil the use of zero capital gains brackets or hurting aca subsidies .sometimescit can bump up your Medicare premiums .

So there is no easy answer . That is why fidelity killed off the optimizing ss software
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Old 11-08-2018, 11:50 AM
 
8,825 posts, read 5,123,147 times
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Quote:
Originally Posted by mathjak107 View Post
Again ,you need to see how spending taxable assets works out . Stocking up on to much cash can be worse than the taxes so that means assets will be sold to create cash and rebalance .

Those taxable assets and rebalancing may foil the use of zero capital gains brackets or hurting aca subsidies .sometimescit can bump up your Medicare premiums .

So there is no easy answer . That is why fidelity killed off the optimizing ss software
You can keep your taxable income the same. You simply convert the same amount as you are able to take from taxable tax-free.
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Old 11-08-2018, 11:56 AM
 
71,507 posts, read 71,674,131 times
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As long as it fits .we delayed ,but our draw from the taxable account left us no room for conversion since we are already over the 15% bracket even delaying ss. When ss kicked in ,now that was taxable on up to 85% but the taxable income draw was reduced
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Old 11-08-2018, 12:53 PM
 
13,879 posts, read 7,391,112 times
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Originally Posted by Petunia 100 View Post
If you have money in taxable accounts, you can spend that down while converting tax-deferred to Roth.

Good point. As long as I keep my AGI at $50,700 where I'm in the 12% bracket, I can live off my taxable stuff and shift as much as I can into a Roth every year.
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Old 11-08-2018, 08:58 PM
 
Location: RVA
2,164 posts, read 1,265,106 times
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Yes, I meant Roth conversion. And that is what I was referring to, spend down taxableand convert up to whatever bracket makes sense. But whether the taxes make a difference depends on how much you want and how much you got and where. I have too much in tIRA to convert and spend down up to the 25% bracket. In addition, if I convert to the max, I Could pay too much in early taxes, where I’d HAVE to live to 90 for it to make sense. So I plan to convert up to where I feel comfortable.
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