I withdrew $100K last December and sent $20K to the IRS as estimated payment #4. Turbo Tax figured that I owed them an additional $9K, and now my new estimated tax payments increased to $9K per quarter.Of the $80K remaining, I gave $23K to charity and the rest to my kids and grandkids. Now that my estimated payments are way up, I have figured that I must take $150K this year to pay all of the taxes, plus cover the estimated taxes in 2001, and repay my non-IRA savings that I'm using this year to pay the taxes.The only way to look at this is that "spending down" at a normal tax rate is better than your beneficiaries having to pay an additional 55%in estate taxes on top of regular income tax.
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