It is time to "retire". I will be 62 in 6 months. I have decided to take an hourly job making much less than I have when working and to supplement my income, I will be taking my pension in monthly payments. I will also be taking SS starting mid next year and will likely pull a small amount from my IRA to deliver my planned budget. I have no idea what to put in for withholdings on the W-4P. I can certainly estimate my annual pay based on my hourly rate and some estimated number of annual hours but with it being an hourly job, that amount could go up or down depending on work needs. Do I have to include estimated annual SS withdrawals in my "income"? What about estimated pull from the IRA? It is so confusing (filing single).
