Originally from ticket #11081.
Hello....
I have been a retirement planner user for many years. I have a couple of questions.
1) What account does RMD money go to when it is deducted from qualified plans and it is more than is needed for annual income needs? I was trying to follow it on the spreadsheet and I couldn't.
2) Is there any way to adjust future income needs to show a slowing down of spending in the later years?
3) Curious about what changes were made to the latest software update.
Thank you,
Frank Ford
The Secure Retirement Group
Hi Frank,
Your questions...
1) What account does RMD money go to when it is deducted from qualified plans and it is more than is needed for annual income needs? I was trying to follow it on the spreadsheet and I couldn't.
--- you may not be able to follow it on the spreadsheet. The RMDs get taxes deducted and what is left is added to "Taxable" investments... like deposited into a checking account.
2) Is there any way to adjust future income needs to show a slowing down of spending in the later years?
-- Yes use Special Expenses to model retirement in "periods" and you control the amount and inflation for each period. Check out this video which explains it... on this page scroll down to "Advanced":
http://www.torrid-tech.com/how2_videos
3) Curious about what changes were made to the latest software update.
After installing the 2014 version, go to the Help menu contents or hit the Help button. There were not a huge amount of changes because we are trying to get an all new rewritten version released and every change to the old version would have to be duplicated in the new code... Hoping to have new code out in Feb or March.