Old man brain fart going on. Wife (on disability) and I are at about 75% of current tax bracket. If I start Social Security at 66 & 4 months (July) while still working full time, please help me figure out how to calculate if the SS income will throw us into the next tax bracket.
Once I figure out HOW to do this, then I might change the discussion to the implications of getting thrown into the next higher bracket vs. delaying SS. We don't need the $$ now and would probably consider where to stash it, i.e., Roth ???? I know that if I wait until January 2023 and/or age 67, my monthly SS payment goes up about $110.
"Planning" to retire in 2023, maybe 1/24? Plans are waffling due to current personal/world situation. Work still very satisfying, challenging, rewarding, and I have extreme favorable/unique work situation.
THANKS!!!!
Once I figure out HOW to do this, then I might change the discussion to the implications of getting thrown into the next higher bracket vs. delaying SS. We don't need the $$ now and would probably consider where to stash it, i.e., Roth ???? I know that if I wait until January 2023 and/or age 67, my monthly SS payment goes up about $110.
"Planning" to retire in 2023, maybe 1/24? Plans are waffling due to current personal/world situation. Work still very satisfying, challenging, rewarding, and I have extreme favorable/unique work situation.
THANKS!!!!