It seems extremely unlikely that the IRS would be contacting about taxes due on your 2023 taxes already. Something isn’t right here.
Cheers
CheersThe SSA issues checks a month behind, so your benefits should start arriving the month after the month you turned 70. For example, if you were born July 17, you should ask that your benefits start in July and your first check will come in August.
There is no difference. It has nothing to do with being Inherited. Its because its an IRA and not a Taxable account.Ryan1 wrote: ↑Sun Mar 17, 2024 8:39 am When you take an in-kind distribution from a Traditional IRA account, and certain other types of retirement accounts, I am confident that the correct answer is that the basis of the distributed assets is their value at the time of the distribution.
What I am not confident of is whether or not this same basis rule applies to INHERITED IRAs.
And I did not see any definitive answer to this in this thread. Anyone know the answer to this and have a source for it?
Thank you.
That suggests you may not appreciate how others utilize it to properly consider the recommendations and alternatives within the full scope of retirement planning. Lots of variability out there.
It will most assuredly fail to process.drew_eol wrote: ↑Sun Mar 10, 2024 7:35 pm Found that the Vanguard scheduled withdrawal feature might do what I looking for. Its allows you to schedule a fixed amount withdrawal, withhold taxes, and transfer to my bank account. Withdrawal/transfer notifications would be just fine in this case.
I do wonder what happens if the settlement fund has insufficient cash to cover the fixed withdrawal amount.
https://www.merriam-webster.com/grammar ... 20a%20VerbWhat to Know
Gift as a verb has a 400-year history of use and means “to present someone with a gift.” Some feel strongly that give is the correct word, but gift-as-a-verb is an acceptable and efficient alternative. Since the 1990s the word has surged in popularity, perhaps in part because of a well-known Seinfeld episode concerning “regifting” and “degifting.”
The copy would have been used to document the original bond in case of loss of the original.FENDERSTRYKER75 wrote: ↑Fri Mar 08, 2024 9:54 pmI don't believe a copy is allowed. When you convert, it states to package the bond with the manifest. $1000 was insured and cost me $20.Silk McCue wrote: ↑Fri Mar 08, 2024 8:14 pm Wouldn’t a copy of the bond have been sufficient in case of loss. How much did you insure it for?
Cheers
My original quote above should be clear. Total spend including any state and federal taxes.catchinup wrote: ↑Wed Mar 06, 2024 7:02 pmI'm glad I saw this. I recently tried out Firecalc and was not aware I needed to give it pretax expenses. To estimate my expenses, I average my cash outflow. To get the before tax equivalent, I guess I'd have to back into it starting with the estimated annual cash outflow?Silk McCue wrote: ↑Mon Mar 04, 2024 12:40 pm Firecalc has no knowledge of your tax rates. Spending should be all inclusive total expense which includes taxes.
Cheers
I trust you realize that everyone here isn’t wealthy and that most attained that wealth further down the road of life unless they were born into it.Squirrel208 wrote: ↑Mon Feb 12, 2024 8:21 pmWealthy people don't get that way by financing the purchase of depreciating assets. <shrugs>
In context “leave her for the job” seems to mean the child will see him as leaving her (the child).gips wrote: ↑Mon Feb 12, 2024 2:46 am “ My wife thinks my daughter will be depressed if i leave her for the job. It is hard for me to say no for a federal job. Should I take this federal job at ohio?”
The op didn’t say leave Texas for the job, he said “leave her” for the job, so it seems to me that the marriage is in the wind and op is asking if this job is a rationale to end the marriage.