Justin $(69)$ made after$-$tax contributions to his qualified employer retirement plan. He retired in $2024$ and began taking periodic distributions. How will he recover his investment $($cost$)$ in the contract? He will complete an election form in $2024.$ This form will allow him to select the years in which he recovers the plan cost. Part of each year's distribution will be taxable and part will be treated as recovery of cost$,$ until all the cost is recovered. The after$-$tax portion will be recovered first. The after$-$tax portion will be recovered last.