When I pass, roughly 40% of my IRA will be inherited by Non Spouse Beneficiaries while my wife will inherit the 60%.
Trying to model a Surviving Spouse situation where I pass first.
I was able to setup a scheduled withdrawal from the IRA (great feature!), BUT Pralana assumes this is Taxable and calculates and pays Fed/State taxes on this disbursement. Is there anyway to indicate that this is NOT TAXABLE (at least as far as the model is concerned)?
Thanks in Advance
One of the options for the Source Account of a Scheduled Withdrawal is "<Person>'s IRA - Tax Free" (and you can set Destination Account to "External (out of plan)").
@plaut Excellent! Many thanks. Missed that!
I have an inherited Ira as well that has the same issue ….
big step forward, thanks again!
