1 Comment

1. 

   Lionel C on January 11, 2023 at 9:09 pm

   Can you do a video of for someone at 59 1/2 currently working with a 6 figure salary working until their 65th birthday when Medicare kicks in, that wants to maximize social security income at 70 (assume 35 years maxed out of FICA contribution to do the AIME), and minimizing the heath premium of Medicare with a large balance in a deferred account like an IRA with $4 to $8M balance. Most of the stuff you do is for income below $100K so optimizing tax is easy. My guess is there must be a Roth IRA conversion strategy to put in place. Assume minimal Brokerage or traditional savings except for qualified accounts, 0 to 10% of Net worth. Basically this is your perfect set up for the time bomb with income tax in retirement superior to the time one worked. assume working until 65 in a high tax state like MN or CA. I am not 60 but I would be curious to seed the strategy at 59 1/2 and avoid the penalty without using special rules like the 401k at 55 withdrawal or the constant rate withdrawal strategy. that is mostly in place for someone that is out of work. With the Trump tax rate reduction the State tax problem for 5 years can be solved. before the rate goes up and gets offset by a move at age 65 to a tax free state like Florida or Texas. Thank you