Thank you very much. Your ideas have all been good and accurate. I appreciate your help, but it looks like I'm 'out of luck' this year. I'm 82 years old, my wife is 81 and we have no working income that qualifies for putting in an IRA. We're living off of Social Security, an apartment rental, investments and a small pension from my career job that I retired from in 1995 when I was 55 years old. I believe none of my income is considered 'qualified' for IRA depositing.
I see now why smart investors have been 'taking profits' on a regular basis even though they don't need the income. I don't need this $100,000 of additional income to live on this year either but it's going to kick me up into a higher tax bracket which will hit all my income. I made a mistake out of fear of our current government crashing the stock market. Which may still happen but it didn't happen last year so it looks like that's going to nailing me good. I even took a much larger amount out of the market in another account but it was inside an IRA which won't be taxed at least until I withdraw it.
