I appreciate the tool. However, it reports a very narrow band of "31K income of 202%" with very low Social Security Income which I receive as a Surivor benefit. Parameters entered are Single, Age 65 or older, 6000, 0, 250000.
Thank you for this information. I've added a note on the page that this is a Known Issue: Social Security benefits between $1 and roughly $9k/year have unusual results (until it gets fixed).
Thank you very much! I am claiming Social Security in a few months and my wife in the middle of next year. This will be helpful with our tax planning (for the past several years we have been Roth converting up to about 10K below the first paid tier of IRMAA).
With SSA of $74,000, Dinkytown has tax torpedo full 40.7% start at $70,000 Income, but chart tool starts at $67,000 Income. MFJ both 65+.
Thank you for letting me know, I appreciate those details
I appreciate the tool. However, it reports a very narrow band of "31K income of 202%" with very low Social Security Income which I receive as a Surivor benefit. Parameters entered are Single, Age 65 or older, 6000, 0, 250000.
Thank you for this information. I've added a note on the page that this is a Known Issue: Social Security benefits between $1 and roughly $9k/year have unusual results (until it gets fixed).
@@JustinOnRetirement Thanks for the feedback.
Nice, quick graphs and explanation video. Thanks!
fantastic!!!!! thank you sire!
Thank you very much! I am claiming Social Security in a few months and my wife in the middle of next year. This will be helpful with our tax planning (for the past several years we have been Roth converting up to about 10K below the first paid tier of IRMAA).
Nice, now you can make a tool to show the Forward Looking Tax Plan.