nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
The easiest approach when it comes to selecting the withholding on a distribution from your retirement account is to tick the box that asks not to withhold any federal tax and simply settle up with the IRS at the end of the year. However, I'm trying to understand the withholding rules for IRAs, 403b, 457 etc if you fail to make the election or if you are a US citizen that lives abroad in which case you cannot elect to have no tax withheld. Is anyone knowledgeable about the mandatory amounts your provider has to withhold?