It's good to have some amount in money market earning 3.5% for such emergency. I entered the distribution request yesterday and all completed same day. This morning seeing the 1% cash in joint account and the Retirement distribution center page at Fidelity list the 99% fed withholding with 12/30/25 date.No way to guarantee this works for a distribution requested on the last day of the year - TODAY! It could be just a waste of money for 2025 tax year.
Note that this should work to reduce or eliminate an underwithholding penalty if the annualized income installment method of Form 2210 is not used, but the withdrawal/withholding would have to be performed by the end of the calendar year (e.g. December 31, 2025). Bond markets close early at 2PM ET, but NYSE/NASDAQ should close at the regular time.
I'm assuming this post is intended to suggest performing a 60-day rollover. IRA to IRA 60-day rollovers are limited to once per 1-year rolling period.
I suggest just making an estimated Q4 payment that covers conservatively 100% of what you owe - right into refund territory. That is your only option at this point.
Statistics: Posted by N.Y.Cab — Wed Dec 31, 2025 7:51 am — Replies 11 — Views 705