Sentences with phrase «retirees are in a higher tax bracket»
Can you believe that contrary to what conventional wisdom tells us, many retirees are in a higher tax bracket compared to when they were working?
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This strategy is best carried out when you are temporarily in a low tax bracket perhaps because you are between jobs or if you expect to be in a higher tax bracket in the future, as is the case sometimes with retirees who may have the RMD from their IRA after the age of 70 1/2.