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Next month my wife (age 55) will begin receiving about $900/mo due to an early buy out of retirement plan from a previous employer. We generally make between $90,000 to $140,000/yr and each have regular IRA accounts (no ROTH IRA's yet). I have a couple of questions: is the $900/mo going to taxed as ordinary income? Also are there any foolish thoughts on a foolish way to invest the $900/mo to minimize additional tax consequences? Thanx for your input!
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