Quote:
Originally Posted by lewdog
So this is Vanguard. Can they withhold some of the rolloever to pay the taxes? I just don't want to mess up some of the leg work here as I do my own taxes in Turbotax each year.
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This Vanguard article indicates that while you can withhold some of the rollover, it would be better to pay an estimated tax out of a nonretirement source like cash savings in order to keep the Roth account at its maximum:
https://investor.vanguard.com/invest...rom-an-advisor
So rather than withhold 10%, make a quarterly estimate payment of $2k at the time of the rollover.