Steam Train,
Thanks so much for your answer!
I did call Fidelity who has my IRA and they did tell me that they can withhold any dollar amount or percentage from 0-99%. I also read that on a 1099-R that the IRS considers that income distributed and taxes paid to be done equally through out the year. My RMD is around $130K a year and I don't need the income to live on so I would like to let all the money remain invested until the end of the year. Also, I do not want to pay underpayment penalties on taxes. With this information I can figure out how to cover my tax payments and keep the money invested. Please let me know if you disagree with any of this.
Thanks again!
