Quote:
Originally Posted by wdfifteen
Would you elaborate please? They do have implications (the money is taxable), but I don't see a lot of wiggle room. "You takes your RMD and you pays your taxes."
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I try to keep my income as low as possible .... for several reasons, including taxes. If I deferred SS until 70-ish and begin substantial RMDs at that time too.... Uncle $ammy would be pleased. I also took 72(T) distributions after leaving the corporate world 15 years ago while keeping the taxes to a minimum as I coasted along (reinvesting most of the withdrawals). Hell .... I could be wrong tho'...
Being single and paying the max into SS for years, I just wanted to get something back rather than croak at 69 and get doodly-squat
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Of course the gov. suggest that you defer .... just like banks tout their CCs imo....