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brucedoe writes (in part):

So far so good, but the RMD from the sizable IRA goes into this account which, as nearly as I can tell, is around $12,000 - $15,000/yr. Of course for tax purposes, the RMD and short-term capital gains are considered income, but is that always the case? What I mean is that I will not be managing the IRA so is the RMD for other purposes income or an infusion of capital? I think the safe thing is to just withdraw dividends and interest.

I reply:

If you decide to take the gig (and I'd be very leery of doing so), raise this issue with her and come to a clear and documented understanding. --Bob
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