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Personal Investments • Re: Low income for no monthly premiums OR pay some $ & do more Roth conversions

Also, should I consider taking my SS early (at 63.5) as a replacement for the monthly Roth withdrawals for income? Switching to my hub's FRA at 67 will reduce my benefit by ~ $300...& he'll take his SSI at 70.
See this web site to see when it suggests that you should start SS. Once you see it's suggestion you can scroll down to the bottom of the webpage to see how much it would cost you to start SS at other ages.

https://opensocialsecurity.com/
We have ~ 1.9m in Trad IRA that we'd like to convert so we won't get hit with huge RMD's @ 75. Need to keep income @ $200k with Medicare coming next yr for hub and IRMMA & 3.8 surtax....
Be sure to look at the actual RMD calculations, at the age of 75 they are only 4.07% which would not be a "huge RMD".

Statistics: Posted by Watty — Tue Jul 16, 2024 11:52 pm



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