Hi Newbie here,
Struggling with this setting in Financial Assets/Management. Not sure what to enter here and the impact of not entering anything.
Given that all income, expenses, state information is available, why is there a need for entering a number manually?
Apologize in advance if this has already been answered.
Regards,
Suman.
@spill-clam0qicloud-com It's related to the pretax accounts where a portion of the money there (and in the future) partially belongs to others, such as the IRS, state and local (if they tax those kinds of accounts). So, you might just look at the tabular projections and scroll down to the years when you're withdrawing from those accounts and take an average, based on how you are taxed where you live. Don't forget about inherited pretax accounts! You can also export to a spreadsheet and have it do a calc. Perhaps the tool can calculate a guestimate, it will never know your taxes precisely, there are so many factors that affect this, so maybe that's why.
@spill-clam0qicloud-com In addition to what Bill has suggested, this also gives you the option of specifying the expected tax rate of your heirs (which might be very different from yours) who will inherit your tax-deferred accounts at some point.
Stuart
