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Retirement Spending Using Spreadsheet to Estimate Taxes
Retirement Spending Using Spreadsheet to Estimate Taxes I have a function that calculates FED and STATE income tax amounts based on withdrawal amount from my Traditional IRA. When I input a hypothetical yearly fixed + discretionary spending number (let's say 100k) the calculation tells me I'll need $115k to cover taxes on that ordinary income. Since taxes are going to be paid from the IRA, the withdr...
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