No. of Recommendations: 2
Why take it out in drips and drabs and pay the taxman before you really need to?

Because it’s a lot simpler than what you’re doing.

1. Set up automatic monthly withdrawals that contain tax withholding.

2. Get monthly deposit in checking account, just like getting a monthly paycheck.

3. File taxes electronically just as you’ve been doing since electronic filing became available.

Repeat #3 every subsequent year.

You can make adjustments to withdrawals any time during the year.

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