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Posted by ed on September 8, 2007, 12:26 am
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kam...@panix.com (Arthur Kamlet) wrote:
>> Always one for trying creative solutions (but still well
>> within the borders of the law), would the following work?
>>
>> Make an IRA withdrawal (distribution) to make up estimate
>> shortfall (plus some cushion); Have the IRA
>> custodian/trustee withhold the entire distribution for
>> taxes; Within 60 days, pay into the IRA the same amount as
>> distributed/withheld.
> I seriously doubt the IRA custodian will withhold more than
> 25% as taxes, but 25% is better than none.
Art. T.Rowe Price will withhold up to 100% of any
withdrawal, (including RMDs) and usually will do it verbally
in one phone call. I can't imagine why any company would put
a limit on it.
ed
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