The question I keep hearing at intake this June: how much do I need to retire. My take on why the lump-sum number misleads and what to size instead.
Written by Peter Guggisberg, Financial Services Representative with Vermont Financial Group of NY (a MassMutual general agency) and the advisor behind Noah's Ark Financial.
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The first RMD arrives the year you turn 73, and for most Hudson Valley households it produces the largest single-year jump in effective tax rate they will ever see. Here is the math, the surprise Medicare surcharge, and the five moves before 73 that soften the blow.
Same Hudson Valley household, same pension, same Roth conversion plan. The thing that decides whether retirement starts at 58 or 62 is whether the taxable brokerage account is big enough to bridge the gap years without forcing premature traditional withdrawals.
A pension and a Roth conversion plan get a Hudson Valley family to 65 on paper. The Medicare bridge is what makes it real. Three real options, three different cost structures, and the income trap that catches most planners off guard.
Your family, your numbers
Thirty minutes with Peter, mapped to your real numbers. Free first call, no pressure, no auto-pitch.
