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Posted by WIlliam on August 6, 2006, 7:49 am
Please log in for more thread options Carl wrote:
>> Within Quicken Deluxe there is a module for retirement planning and
>> I have been playing with it. Some of my funds are in IRA accounts
>> whack will need to be withdrawn by a certain minimum amount per year
>> when I reach 70.5. Obviously this annual IRA withdrawal has tax
>> consequences
>> increasing my tax bracket as of that time.
>>
>> In Quicken's retirement module there is a question about the tax
>> bracket at retirement. However my tax bracket will be less in
>> retirement before the IRA withdrawals and greater after. I assume
>> that Quicken has no mechanism to take into account this change in
>> tax bracket. Am I correct? Also, in its calculations does Quicken assume
>> I am first depleting
>> IRA funds before using non IRA funds or the other way around?
>>
>> Willliam
>>
> I use and recommend a spreadsheet for that purpose. The flexibility
> and transparency of a spreadsheet is very helpful. I postulate income
> and expense (as a budget) for future years. I can try various values
> of inflation and increment or decrement my income. Basically, this
> shows me how long my money will last in retirement under various
> scenarios.
> PS: Does Willliam really have three ls?
> Carl
Thanks.
Using a spreadsheet that way would be beyond my capabilities. I'd be afraid
I forgot to take into account something. Are there such pre-coded blank
spreadsheet forms available for download?
William
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