Youtor
2023 Tax Rates amp Brackets for Retirees
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=wbOi1y3ZwaU
Show Notes: https://cardinalguide.com/wp-content/... • If you’re retired, your income comes from Social Security, and withdrawals from IRAs, you have a degree of control over which Federal Tax Bracket that you fall into: 10%, 12%, 22%, 24%, 32%, 35%, or 37%. When doing Income and Tax Planning, many clients withdraw enough from their IRA each year to fill up their current tax bracket or the next one. For a married couple filing jointly, the top income of the 22% bracket is $190,750 and the 24% bracket $364,200. In other words, they can do a Roth Conversion limited by the top of the bracket. Watch the video to learn more about Tax Planning! • Questions? Email us at [email protected], call us at (919) 535-8261, or visit our website at CardinalGuide.com.
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