I am newly retired federal employee at 57, last May. Roll overed about 90% of my 401k to an IRA account in July. I have not begun to receive my OPM retirement annuities/pension nor am I receiving distributions. How do I setup tax withholdings (federal and MD state) on the dividends earned from my IRA account as income and also from my pension when those distributions begin properly? Currently, I am living off of my savings. So the last earned income received was June. I'm trying to prevent sticker shock during tax season if or when i do owe. I've heard horror stories from so many who owed in the teens of thousands due to retirement.
