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Pastimes : Where the GIT's are going
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To: Naomi who wrote (165071)7/22/2008 1:32:10 AM
From: John Carragher   of 225578
 
you might want to review the amount you take out of ira.. it is taxed if roth at ordinary income tax. if your federal tax is still relatively low you might want to increase withdrawal amount even though soc sec income is taxed. i would play what if with various amounts.. remember once you are 71 1/2% you have to take mandatory withdrawals from your ira. If you have a large amount this could throw you into much higher earned income brackets.. in addition bush tax cuts will be gone and maybe the tax brackets will be much higher..

I review best options each year not on need but on best tax situation. Any extra money withdrawn from ira goes into cash broker account for later years.
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