I'm 65 and recently retired. My income from employment this year was about $40,000. I started receiving a monthly pension payout of about $1000 a month so at this time I anticipate close to $50,000 income for the year. I have not signed up yet for social security but would anticipate about $2,500 per month should if I sign up early in 2024. I'm concerned about an inherited IRA of ~$100K that I have to pull within the next eight years. Any guidance on how best to schedule the draws from that IRA and starting Social Security disbursements to wisely minimize tax hits to the extent possible?
Thank you!
