I cannot address the tax penalty; however, my mother’s Edward Jones agent contacts me each year for approval to transfer investment funds to Mother’s checking/savings account. There is an acronym/name she uses, but I do not know what it is without looking it up.
That’s exactly right, any brokerage will do the same, amking the calculation, and you just do what they say.
Either sell shares if there is not enough cash in the account; or, write a check to yourself, or, if you have a street account at the same brokerage, you can transfer shares from your IRA to your street account without actually selling anything.
RMD.
how about ira tax sale 15% all tax proceeds to debt reduction.
would be excellent economic boost.