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Article Date:
September 2007


Word Count:
195

 

 

Withhold Taxes?


I am over age 70 and a half and must start taking minimum IRA distributions. The IRA trustee gives me the choice to have taxes withheld or not. What do you think? (W.L., Glastonbury, CT)

 

If you are not currently making any estimated tax payments, but the IRA distributions would require them, having the IRA withhold the taxes takes care of that paperwork for you.

 

On the other hand, if you are currently paying estimated taxes, we ... Log in to view full article.

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