Seems inevitable to get hit w/NIIT (& IRMAA) taxes/surcharges. I had $160k cap gain hit in growth MF distribution in Dec. so that alone means 3.8% x $160k= $6k in taxes. Or more. $72k pension, $95k roth conversion, + 401k $84k & i'm well over $250k joint MFJ MAGI. Medicare starts this yr, so IRMAA is inevitable. True, I'm blessed by great investments I made & saved for, but I'm paying more in taxes since retirement trying to convert $1M trad IRAs to Roths, pension, large cap gains, etc. I don't know what else to do to reduce taxes (I moved to NC for flat 4% state income tax rate from 8% Virginia, too). Any other suggestions?
Comments
Seems inevitable to get hit w/NIIT (& IRMAA) taxes/surcharges. I had $160k cap gain hit in growth MF distribution in Dec. so that alone means 3.8% x $160k= $6k in taxes. Or more. $72k pension, $95k roth conversion, + 401k $84k & i'm well over $250k joint MFJ MAGI. Medicare starts this yr, so IRMAA is inevitable. True, I'm blessed by great investments I made & saved for, but I'm paying more in taxes since retirement trying to convert $1M trad IRAs to Roths, pension, large cap gains, etc. I don't know what else to do to reduce taxes (I moved to NC for flat 4% state income tax rate from 8% Virginia, too). Any other suggestions?
Post: Investments Tax
Link to comment from January 31, 2026