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Hi Don,

 

To be clear, are you still actively working as the basis for filling out a new W-4? If you are not working, you would have to speak to the financial institution who is distributing those funds and you can dictate to them how much Federal or State withholding tax you would like to withhold from either distribution, at your discretion. There is no W-4 for pension distributions, just a form the financial institution wants you to acknowledge as your minimum withholding tax.

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