Sometimes I like to use a hack for clients where we wait to file for SS, but apply for the retroactive back payments. For example, one whose birthday is in July. We can wait until the following January to keep the previous year 'clean' from that income (and thus better for doing Roth conversions, gain harvesting, etc) and then file in the following January, but ask for the start date in the past July (you can go up to six months back). This means they'll get the six months of back payments as a lump sum early in that 'next' year and keep the prior year free of the income.
Anything planned for this in PRC, or a hack to make it happen?
Bill,
No, that's not in the cards. My thought on how to hack that would simply be to increase the initial account balance(s) to reflect those back payments at the first of the year.
Stuart