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Last seen: Jan 4, 2022
NHP920, Glad you have this resolved! Sorry you missed out on the 2021 distributions, but 20 years from now it won't likely matter much. Good luck and ...
Sorry for the confusion "OP" is just Original Poster. In the case NPH920. I agree with just treating the 2021 distribution as a non SEPP and ju...
No Problem, glad I could help. My question is how does the OP correct his December distribution for this year and the be able to take a distribution ...
Might be too late, but doesn't the OP need to use the November 120% rate of 1.3% for a December withdrawal? 1.52% is the December rate. I thought th...
This would be in Jan. 2022 for the 2021 tax year. Make the IRA contribution to offset MAGI, then start SEPP. I guess I would just use the 12/31/21 bal...
Excellent! thank you for the explanation. I was not aware you can do a roth conversion until I am 72. I have a roth IRA and can begin this year conver...
Oh, so sorry. How exactly would the roth conversion work. I always under the impression that lowering your taxes in retirement negated the need for a ...
Great catch! New calculation would be $31,016.57. Do I just withdraw this amount every year from my IRA account? Taxes will be minimal. I curr...
I already see a mistake! I will turn 54 in the 2022 year. In this case the Life table is 30.5. This results in a $32,714.21 distribution using the s...