The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Roth investing/withdrawing at 60||Date: 3/16/2012 12:41 AM|
|Author: Rayvt||Number: 70374 of 74536|
IRA withdrawals increase the tax on SS
Let's get real here.
For MFJ, SS is not taxed if your taxable income is below $32,000
Between $32K & $44K it's taxed 50%.
Above $44K it's taxed 85%.
Unless you retire dirt-poor, your SS is going to be taxed at 85%.
Do you *really* want to have such a low income? And, heck, if you have to get a job as Walmart greeter, you're going to be pushed over the threshold.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|