The Retirement Thread *** Topic 2 added - Key Dates

[jkuo]

For catch up, with Secure 2.0 updates, there is a 60-63 “super catch up” where limit is $11,250 $8,000 for regular catch up.

[BarryP]

@torrey

Probably too late for you, but a popular strategy for early retirees these days is to live off Roth funds until Medicare eligibility. Roth doesn’t count as income when determining ACA subsidies.

That’s interesting. I’m doing the math right now and haven’t drawn a conclusion yet.

For subsidies we’d have to keep income below ~$80-$85K. If I do that, I can save $20K with ACA subsidies.

The 12% bracket ends at ~$100,000 plus the standard deduction of ~$30,000. This means I’d be missing out on $50,000 in possible roth conversions at 12%, which ultimately will save me $6,000 in future taxes (that number in current dollar value).