Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
A third possibility for taxes as mentioned in another post is withholding the entire amount of taxes for the full $15K from the RMD. That would be really great if your brokerage would do that.

That would be easy at my broker. When I make a withdrawal from my IRA I specify a percent goes to the feds, another percent that goes to the state. As far as I know I could make them add up to 100% if I chose to. If I ever have to do a quarterly payment that's how I figure on doing it with no paperwork. (I am years from RMD. When I did a conversion to my ROTH I had to talk with them on the phone because I wanted taxes held out - their default was no withholding on a conversion.)
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.