Quick question as I'm heading back to the accountant tomorrow to fill out W4-P for pension...
In looking at all income from Social Security, Pensions and drawdowns on investments, is there any advantage to drawing the full amount and paying the IRS quarterly? Or is it just more efficient and allow for less error to go ahead and withhold from each asset prior to receiving the funds?
I am leaning towards just going ahead and making sure Uncle Sam gets his rather than worry about a payment later..
In looking at all income from Social Security, Pensions and drawdowns on investments, is there any advantage to drawing the full amount and paying the IRS quarterly? Or is it just more efficient and allow for less error to go ahead and withhold from each asset prior to receiving the funds?
I am leaning towards just going ahead and making sure Uncle Sam gets his rather than worry about a payment later..