marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,470
This should be a quickie:
Someone here (redduck?) once suggested that they figure out an estimate of their April Fed tax due. Then at the end of the year, withdraw that amount from their IRA and have 100% withheld.
I'm starting to think that's a good way to go.
Any downside to that idea?
In this market, I'd be likely 'banking' the money (taking it off the table) rather than missing gains for 4 months (as in a normal market).
Someone here (redduck?) once suggested that they figure out an estimate of their April Fed tax due. Then at the end of the year, withdraw that amount from their IRA and have 100% withheld.
I'm starting to think that's a good way to go.
Any downside to that idea?
In this market, I'd be likely 'banking' the money (taking it off the table) rather than missing gains for 4 months (as in a normal market).