Interesting. I did not know that such a deferral was possible other than through something like a non-governmental 457.
I would not defer. You lose control of when and how you get the money. You lose simplicity. You might get locked into receiving the money at undesirable times. And the extra income later could mean increases in IRMAA and other such things that are not easy to predict.
Sure, you'll pay lots of tax if you take the money now, but you will have total control over what happens to it after that.
I would not defer. You lose control of when and how you get the money. You lose simplicity. You might get locked into receiving the money at undesirable times. And the extra income later could mean increases in IRMAA and other such things that are not easy to predict.
Sure, you'll pay lots of tax if you take the money now, but you will have total control over what happens to it after that.
Statistics: Posted by retiredjg — Sat Aug 03, 2024 11:09 am