Accidental Retiree
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2012
- Messages
- 1,500
I calculate our safe harbor amount, 110% of last year's taxes -- both federal and state. In early December I then withdraw that amount from the IRAs with 100% withholding.*
Never a reason to estimate anything unless the safe harbor amount makes you unhappy. No reason to pay them prior to December if you can pay it as withholding from an IRA.
*Actually slightly less than 100% because Schwab won't do 100.0%. But close enough.
That’s what we do now, although. I’ve also withheld taxes from my pension.
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