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Can I fund next year's traditional IRA contribution with cash in the mm account in that IRA?
I recently sold some holdings in my traditional IRA account that are underperforming. I have enough cash in the IRA now where I could fund 2022 Contribution. Can I use some of that cash to fund my 2022 contribution without penalty? or taxes (ie it being treated as a withdrawal). I will be 68 at the end of this year, so we're not talking about 59 1/2 or RMDs (which is all I can find online... I'd say, 80% of info on IRAs is about early w/d and RMDs)
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‎September 15, 2021
9:49 AM