In 4 years, age 66/10, my retirement is $3,100 to total $37,200 a year. Assumption: 15,000 withdrawn from 401k, to total $52,200 a year, $8,200 above the $44,000 threshold for couples and hence taxed 85% of my tax income.
does it mean my taxable amount is $37,200*.85 + $15,000 = $46,620? is that $37,200*.15 = $5,580 excluded from my taxable income?
is there a similar consideration for IRA, 401k retirement plans?
