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Old 01-05-2016, 01:09 PM   #21
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Brat's Avatar
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 6,036
I have a deduction for Fed taxes from my CSRS retirement check then I make a mock tax return and adjust state and federal withholding from our minimum required distributions. I hate quarterly paying quarterly because it is so easy to overlook one (been there, done that, don't like the penalties).

The other issue to consider is the possibility (probability) that one of you will lose your 'edge'. If the tax withholding is taken from your pension in line with the IRS schedule it will be self-adjusting.

Duck bjorn.
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