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General Discussion / Re: Excess cash and wildly varying incomes
« on: January 19, 2022, 06:10:46 PM »
~$110k (Standard deduction + ~$85k, 2022 numbers)
Once RMDs get large (start at 72 but become significant after age 80 or so) it is quite easy to exceed $110k income, especially with SS
You can play with the numbers with this calc
https://www.gocurrycracker.com/federal-income-tax-calculator/
This post has some charts with rough 401k sizes to have RMDs push you into higher tax brackets
https://www.gocurrycracker.com/is-your-401k-too-big-part-2/
Once RMDs get large (start at 72 but become significant after age 80 or so) it is quite easy to exceed $110k income, especially with SS
You can play with the numbers with this calc
https://www.gocurrycracker.com/federal-income-tax-calculator/
This post has some charts with rough 401k sizes to have RMDs push you into higher tax brackets
https://www.gocurrycracker.com/is-your-401k-too-big-part-2/