Not exact matches
By making such adjustments and periodically re-visiting a retirement
income calculator throughout retirement with
updated information about your savings balance and planned withdrawals, you should be able to get a sense of whether you're spending down your
nest egg at a «Goldilocks» pace, i.e.,
not too fast but
not too slow.
You're
not required to report changes in your financial circumstances before the annual date when you must provide
updated income information.
For example, if you are repaying your loans using an
income - based repayment plan and you receive a much higher salary for hostile pay, you can request to have your current payments maintained for the same amount if your service does
not allow you to immediately
update this
information.
You're
not required to report changes in your financial circumstances before the annual date when you must provide
updated income information.
From your
updated information, it seems like you are
not eligible to deduct a Traditional IRA contribution, at your
income since you are covered by a 401 (k) at work.
If either of you find it more practical
not to share your respective
incomes directly with each other, you may want to identify a third party, such as a lawyer, where the
updated income information could be sent.
If you pay support, it is a good idea to provide
updated income information even if you are
not asked or ordered to do so.
So even if you are
not specifically asked or ordered to provide your
updated income information, it is recommended that you do so.