These are probably the most important pages on this website!
We are all used to telling our employer how many exemptions we have so they can make the proper tax deductions during the year. For most of us the first time we look at our potential taxes is in January of the following year when we get our W-2s in the mail.
We can do basically the same thing during retirement, but now that we have seen what our Personal Tax Hump looks like and realize that we can save thousands of dollars each year if we avoid those extreme marginal tax rates, we should all consider doing the opposite! Start doing your tax calculation this January, not next January, and keep asking yourself What If every time you decide to create extra taxable income!
Use the following links to see the details of each of these What If situation that you could be facing during your retirement.
I hope that this information will be helpful for your retirement plans. Just remember that the information is coming from a computer Geek who does not have any credentials for investments or taxes. While I believe that the information is correct, like anything else that you read about on the Internet, double check itís accuracy for yourself before you use it!
My best wishes for your happy and safe retirement!