I'm just starting to wrk on figuring Praline out. I have a non-qualified personal retirement annuity that I don't plan to annuitize. At some point I'll likely just pay the tax on the tax-deferred gain and then take the basis without tax consequence or my kids will inherit it.
The annuity doesn't seem to fit well being entered into the income/annuity page (for example not showing up as a financial asset). Should I just enter it as a tax deferred account, like an IRA?
@us331480 Here's my understanding of your case: You have an annuity that was purchased with after-tax money and therefore is not taxable when withdrawn plus some amount of gain that is taxable when withdrawn. You may or may not make withdrawals in your lifetime but, if you do, you'll just take it as a lump sum, some of which is taxable and some not. If I have that correct, I think Pralana can model that using the Build > Income > Annuity page, but it never models the growth of the annuity investment. So, here's how you would set it up: Leave the purchase timing and price blank since you've already purchased it. Set the pay-out start/stop fields to the same value (which causes a lump sum pay-out), and then set the taxable percentage according to your estimate of the amount of tax-deferred gain in your annuity.
Alternatively, I think you could model this as part of your tax-deferred account but you'd need to specify the basis as after-tax contributions.
Stuart
