Hey there - I hope your day is going great!
To assist you on your first two questions, the best things to do it utilize the IRS tool estimator to assist you in understanding your tax implications as a whole. If you are currently utilizing withholding and filing out a W4, the best approach is to update this as your tax situation changes. If you are not withholding enough, adding additional withholding will not hurt you. If you over withhold you will receive that money back in a form of a refund when you file your taxes. If you can have withholding disbursed with your income you are receiving from the estate, that would benefit you, and if you cannot you can make estimated quarterly tax deposits to cover that income received.
For your final question, regarding taking funds from your IRA or getting a car loan. You will be faced with tax implications when pulling money from your IRA. Traditional IRAs you need to consider your current tax bracket and hw the withdrawal might push you into a higher tax bracket. For a Roth IRA consider whether you'd be withdrawing contributions or earnings and the associated taxes and penalties.
https://www.irs.gov/individuals/tax-withholding-estimator
@Ahawk Thank you for being apart of today's event!
