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Thank you very much, I will give that a try. I most did this small distribution because I wanted to see how the process works. Thanks again.

I turned 59 1/2 in 2023, and I did a roth rollover (from my IRA) before I turned 59 1/2, and I did a regular distribution from the same IRA after I turned 59 1/2. The Roth Rollover was $22,000 and the regular distribution was $5,000. I got 1 1099R that says the total, $27,000, and it says...

Here is something I have been trying to work out related to this thread. Let’s say you have a goal to give away a million dollars while you are still alive. How about moving post-tax account appreciated assets into a donor-advised fund (Fidelity and Schwab both have easy ones to use) at the...

Lending Club I made a sizable (roughly 50K) but not as big as the OP's investment in peer to peer lending. Mine was with Lending Club, I am about 4 years into it. I watched my "adjusted net annualized return" drop from about 10 or 12% to its current 3%. At first, I re-invested my gains back...

For people with no regular income, the $7,500 tax credit might be a good reason to generate $7,501 in taxes via a Roth conversion. Then the rebate goes toward building a Roth ladder....