Planned

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Specify a withholding percent on tax-deferred withdrawals

When we withdraw from our Individual Vanguard 401k, Vanguard insists on withholding 20% of the withdrawal amount for Federal taxes (it does not withhold on state taxes). So if we withdraw $10,000, they send us $8,000 and withhold $2,000. I would like to be able to model this in our 401k withdrawals. (Our SEP-IRA with another custodian does not do any withholding.)

4 votes

Tagged as Suggestion

Suggested 14 December 2023 by user QuinGold

Moved into Planned 16 February