@cnj083
But then, if you are 65 next year, you might be eligible for the extra $6k income deduction for a single senior citizen. (12k if married/MFJ and both are 65 or older & not allowed for MFS)
That might offset the 5k distribution when taken next year instead....IF you are eligible for it.
It phases out for MAGI starting/ending at:
Single: $75k - to $175k
MFJ: $150k - to -$250k
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
