Part of my IRA is a TIPs ladder but for the purpose of simplification of trying to figure this out, I made 100% of it TIPs with a ROR of 2%.
I have not done any Roth Conversions.
In the year I turn 75, my IRA balance is 893,964 and my RMD is 37,136
I then add Scheduled withdrawals from IRA at age 70 to 90 for 25K. Since I have spent down 125K, my IRA balance at 75 is 830,249. BUT my RMD is 60,516. This makes no sense to me. The balance is less but my RMD has shot up. What am I missing? I was expecting to see less than 37,136.
@kiwibobs I agree, that doesn't seem to make sense, so there must be something else going on. Would you please send me (at mail@pralanaconsulting.com) an export file so I can investigate?
Thanks, Stuart
Please let the group know how this ones resolves. Very interested.
@nc-cpl kiwibobs was assuming that scheduled withdrawals specified via the Financial Assets > Management page would be counted toward his RMD amount when he reached the age where RMDs were to be made. While this seems like a reasonable assumption, it's not the way PRC is designed. In fact, RMDs and scheduled withdrawals specified on the FA > Mgmt page are independent and they're added together in the "RMD and Other Scheduled Withdrawals" column in the tabular projection pages. With that said, kiwibobs' assumption makes so much sense that we're going to make this design change in the web version due out in January.
Stuart
Thanks Stuart for the fast turnaround. Stuart did give me a workaround. It was to have Scheduled Withdrawals for TIPS amount up to Age 74. Then when RMD's kick in at 75, since the RMD is greater than the TIPS amount it effectively includes it. Now I see what I wanted to model.
