Not sure about that, once the widow's (widower's) penalty kicks in. With my mom's passing, my dad's FOUR taxes are going up nearly 50% (Fed tax, state tax, loss of $6,000 BBB senior exemption, higher Medicare costs) combined with lower standard deduction and higher single-person tax tables.
A big hit is the increasing fully taxable RMD for successful IRA investments that should have been put in Roth IRAs rather than traditional IRAs. Oh well...
“A big hit is the increasing fully taxable RMD for successful IRA investments that should have been put in Roth IRAs rather than traditional IRAs. “
It depends on the tax rate when it goes in and comes out.