text:  We normally recommend you withhold 20% taxes on the Fed and 7% state because at the very, very bottom of your investment account statements, when you're working with those big box stores, whether it's Vanguard or T. Rowe or Morgan Stanley or any of those companies, the very bottom of every single page of that statement says, talk to your tax advisor about your money. Ask them questions because they don't give you tax advice.