between being a good saver, working a few years too long and really good returns the last few years, we have "too much" saved for retirement.
I'm curious as to whether most folks here structure their income streams to deduct sufficient taxes at source or pay in quarterly installments. During my working years, I usually got back a refund, much to my annoyance, since it meant the government got to use our money interest free. Now that we're drawing down funds, it's pretty much a given that we'll have to pay taxes every year unless I have more deducted at source. We're only in year 3 of retirement, and so far, we haven't been drawing as much as we could from our funds, so haven't been hit with a quarterly installment requirement. Looking at our plan, if we don't withdraw more every year, we're going to leave a larger pile of money when we die than we want to. (I know, BIG problem to have).
I think I'd prefer quarterly installments, but for harmony in the home, may have more deducted at source my spouse won't notice the deductions but will go off on rants when he sees large quarterly payments.
TL;DR - do you pay quarterly installments or have more tax deducted at source?
