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How can I avoid the 20% mandatory withholding income tax on my retirement payout?

avoid mandatory payout retirement withholding
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How can I avoid the 20% mandatory withholding income tax on my retirement payout?

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Request that your prior employer transfer all of your retirement plan payout directly into your Rollover IRA account.

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A. In order to avoid the tax on your retirement payouts, you should request your employer to pay the funds directly to Siebert rather than to you.

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