Yes, indeed, mandatory. But I received this from T.Rowe last night saying:
"Submit a W-4P form: If you still want to withdraw funds from your 401(k) account, you can submit a W-4P form to your plan administrator to change the withholding rate. You can either reduce the withholding rate or choose not to have any taxes withheld at all."
So, now I'm completely confused. I understand these things are complicated, but there does seem to be a difference of opinion.
Can anyone verify one way or the other?
Regards,
Sean
