A step-by-step walkthrough of how to use the Case Study Spreadsheet to estimate tax rates on Roth conversion with Social Security and Medicare IRMAA.
Use this online calculator to see how much of your Social Security benefits is taxable and how much of it is tax-free.
An unusually high marginal tax rate isn’t a problem. You’re rewarded with paying lower taxes. You live on after-tax dollars, not rates.
Making fewer things matter helps you focus attention and ward off FOMO and sales pitches. You’ve made it when you can afford all the “mistakes.”
Social Security Administration added an interactive chart in the online account but a third-party tool still does a much better job.
Retiring early means lower average earnings for calculating Social Security benefits. However, once you reach the second bend point, you aren’t losing much. I show you how to see when you will reach the second bend point.
A low Social Security COLA caused by low inflation is good for seniors.
I compared two free calculators for the optimal Social Security claiming strategy with hypothetical test cases. They both do a good job.
There will be no Social Security COLA in 2016. And that’s good for retirees.
The maximum amount of earnings subject to Social Security tax will increase in 2015.
Social Security benefits will have a small cost of living adjustment in 2015.
These free and paid online calculators will help you figure out when and how you should claim your Social Security benefits.