@TuckerdogAVL wrote:
Yes, I still have freelance income, along with social security. I usually have enough income to be able to make an IRA and SEP IRA contribution. I usually end up having to fund at the last minute... It would probably make more sense to wait until 2022 to fund it since the tax I would pay on the withdrawal would then be in 2023 I assume. The problem is any additional funds throughout the year come from sales of securities which are all taxed of course. Just looking for ways to minimize the tax and stay under thresholds if possible. Thanks for your assistance.
Money is fungible so it does not matter which pocket you take the dollars from just so long as you have at least that many dollars from working during the year as stated above.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
