Wow. I never knew SS income is taxed.

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Jan 18, 2020
11:59:37am

BringYourUltimate Walk-on

Wow. I never knew SS income is taxed.

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BringYourUltimate

Bio page: BringYourUltimate
Joined: Mar 22, 2013
Last login: May 2, 2024
Total posts: 2,245 (7 FO)

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Messages

Author

Time

401k question.

conetah

1/18/20 11:33am

Yes, however RMDs can mess with your plan and result in higher withdrawls/taxes than you'd like.

Pimpin4Paradise

1/18/20 11:35am

Correct but there are required minimum distributions that you have to make

RexIdaCoug

1/18/20 11:36am

Plus a good portion of your Social Security is taxable

JOPE

1/18/20 11:37am

85% will be taxable if you meet the threshold, which isn't hard to do.

RexIdaCoug

1/18/20 11:40am

Wow. I never knew SS income is taxed.

BringYourUltimate

1/18/20 11:59am

<< Deleted >>

Abe Froman

1/18/20 12:14pm

Why doesn’t every one prefer traditional? It seems like a no brainer.

conetah

1/18/20 12:08pm

I’m a fan of tax diversity in retirement. That gives you options

LaserCoug

1/18/20 12:36pm

Tax rates can change significantly, so think of adding a Roth IRA to your

BringYourUltimate

1/18/20 2:41pm

Set Tax Withholding for 401k

1/18/20 12:12pm

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