u/Infamous_Clue7395

Cross posted and made title more clear. I am 55 and debating to retire by end of this year or work one more year after that, so retire by end of 2027. I have a defferred comp with a 10 year distribution schedule once I retire. My question is on the financial impact 10 years down the road if I push out retirement for one more year. I can see it will mean that my IRMMA contribution will be higher for one more year when I start Medicare due to the deferred comp income. Are there any other financial impact 10 years from now that I am not thinking of? trying to do the math to see if it's worth the one more year delay (assuming it won't make much difference financially right now).

I am 55 and debating to retire by end of this year or work one more year after that, so retire by end of 2027. I have a defferred comp with a 10 year distribution schedule once I retire. My question is on the financial impact 10 years down the road if I push out retirement for one more year. I can see it will mean that my IRMMA contribution will be higher for one more year when I start Medicare due to the deferred comp income. Are there any other financial impact 10 years from now that I am not thinking of? Trying to do the math to see if it's worth the one more year delay (assuming it won't make much difference financially right now).