Tax question

[jav]

So this is what I end up doing talked to my tax guy and my money people we toke the whole RMD paid the taxes upfront and put 20000 in my checking and the rest reinvested in money market account so there you go . Thanks again for the comments I truly appreciated it makes one think

 

[Johnnu2]

KISS principle (Keep It Simple S-----)
Easy peasy always works for me.

J.

 

[GypsmJim]

I had forgotten about this until just today. Started working on my 2024 taxes and opened up my file for 2023. I had letters from the bank that told me what my RMD had to be. Didn't have to think or worry or ask anybody. I expect that the letters for 2025 will come very soon.

 

[uvarmint]

I agree with the go ahead and have tax withheld. You should be able to get a rough idea from last years tax returns and this years tax tables. I don’t like seeing a rude number that I owe when I’m preparing the tax return.