No, per your customer agreement, Betterment does not currently withhold taxes from distributions. You will need to figure your taxes separately and ensure you are making any required payments to the IRS. We recommend speaking with your tax advisor if you are unsure how to meet the IRS requirements.
Articles in this section
- How should I take withdrawals if I have both IRAs and taxable accounts?
- Can I have taxes on my IRA distributions withheld?
- Can you send me my Required Minimum Distributions (RMDs)?
- Why would my dividends re-invest if I'm taking withdrawals?
- What if I know that I’m going to be spending less during certain months, and more during others (because of travel, the holidays, etc.). Can I adjust my withdrawal rate from month to month or season to season?
- Given that my withdrawals will likely change from year to year, how do I plan to cover my expenses? What if my expenses rise next year?
- What if I want to plan to leave investments to my heirs?
- I'd like to just "live off the gains" and not use my principal. Is that possible?
- About our "monthly safe withdrawal" advice
- Can I get income from multiple accounts?