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Megan C
Megan C , Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 16539
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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I am retiring at age 60 on June 30. My pension will be approximately

Resolved Question:

I am retiring at age 60 on June 30. My pension will be approximately $970.00 per month. I pay estimated taxes on continuing self-employment income of approximately $1800.00 per month.

Should I have taxes withheld on the pension payments, and if so, how much?
Submitted: 3 years ago.
Category: Finance
Expert:  Megan C replied 3 years ago.
Thank you for your question and thanks for using JustAnswer.com. Yes, you should have taxes withheld and I wod withhold 10%.

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