Retirement Financial Planing

[nola mike]

I might actually like being at or close to the 37% tax bracket . . .

37% Bracket Income Threshold $768,700. . . if you are just below it . . .

Tax on $768,699 of income" The federal income tax on $768,699 of taxable income for a married couple filing jointly in 2026 is approximately $206,583, resulting in an effective tax rate of about 26.9%. ( you keep $562,116 . . . less about 48K in (my state) tax. . . . $514,000 ) . . . I might be OK with that.

Exactly. And don't forget your standard deduction (at least), which is a gross income of $800k.

 

[redneck joe]

we will be well below the $109k. They have a COLA on this number as well?

 

[tpenfield]

This being a boating website/forum, I think we need to factor in boats and boating into our retirement planning. Else, what would be the point of retiring???

The thing is, once you get close to retirement age, there is not much time/room for planning . . . what you see is what you got.

 

[bruceb58]

Exactly. And don't forget your standard deduction (at least), which is a gross income of $800k.

What does the standard deduction have to do with anything?