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Amount to withhold for taxes??
There should be -0- taxes withheld on the TRUSTEE-TO-TRUSTEE transfer because it is not a taxable transaction.

In 2011 you have to project your taxable income to determine the tax liability that you will have.

HOWEVER, if you are already 55, or will become 55 during 2010 ( or 2011), and are or will be "separating from service" with that employer, then you see ask the 401-K administrator if they allow partial withdrawals. If so, then you may not even need to set up a SEPP 72-T.

Further, if there is employer stock in your 401-K, then ask your HR  dept for the "COST BASIS" of this NUA ( Net Unrealized Appreciated Employer Stock), and the current market value. If so, then research the FANTASTIC TAX SAVINGS from this special provision of the tax code. ( Search this website, or talk to a tax professional, or get J K Lasser YOUR INCOME TAX 2010 for an explanation.

When were you born, how much is in your account, and how much do you need each year ?

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Amount to withhold for taxes??
I'm talking about the taxes on the 72t yearly (monthly) withdrawl!!!

Born:1959
amount: 500K
needed: 24k per year

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Amount to withhold for taxes??
Rick,
Find out what Vanguard allows in the IRA.  I am pretty sure you can give them a specific dollar amount or a percentage for the taxes taken out of each SEPP payment.   Ken

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