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W4 P accounting question
Posted on 7/31/23 at 4:43 pm
Posted on 7/31/23 at 4:43 pm
I requested a RMD withdrawal today from my 401 account with 15% to the IRS. The administration of this 401 K plan was moved to Fidelity Investments about two years ago. It should have been a simple transaction.
The associate wanted too much information about my retirement income than I thought he needed. I do not want any help from them relating to money management.
I obtained a copy of a W4 P and it appears that a 401K withdrawal is non-periodic like one in an IRA. The form's explanation called it "on demand." Upon my understanding it would not be required.
Advice for next RMD is sought. Thanks.
The associate wanted too much information about my retirement income than I thought he needed. I do not want any help from them relating to money management.
I obtained a copy of a W4 P and it appears that a 401K withdrawal is non-periodic like one in an IRA. The form's explanation called it "on demand." Upon my understanding it would not be required.
Advice for next RMD is sought. Thanks.
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