Attached screenshot "No Scheduled.png" shows withdrawals with no scheduled withdrawals and pulling from Tax Deferred first. I then create a Scheduled Withdrawal from Tax Deferred of $25,000 for . This is so later, I can change the 1st priority to pull from another account. But before I went to do that, I noticed that the Withdrawals for 2027 is now 25,000+16,139 = 41,139 (screenshot Scheduled.png"). But in the "No Scheduled.png" for 2027 it is 32,266. It is pulling from the same account so taxes are the same. I don't see why it is different.
@kiwibobs In the current version of Pralana Online, taxes on unscheduled withdrawals from tax-deferred accounts lag the withdrawal by one year. (This will change in the near future as iterative tax calculations are implemented, but for now, this is the way it is.) On the other hand, the taxes on scheduled withdrawals are included in the year in which the withdrawal actually occurs. So, the scheduled withdrawal reduces the amount of your negative cash flow in 2027 and that's the reason the unscheduled withdrawal is reduced considerably in 2027.
Stuart
Update to 5/17 scheduled withdrawals:
Transfers from the Taxable investment account to an external destination are now assumed to include appreciated assets, rather than triggering a asset sale and possible realized long-term capital gains. The account's unrealized LTCG will be reduced by a pro-rated amount of LTCG associated with the transfer amount.
I am not sure what this change means. What are meant by "appreciated assets"? And how does that contrast with triggering an asset sale and realizing ltcg, since selling appreciated taxable assets would trigger ltcg no?
Can someone explain? Thanks!
This feature would be used to gift stock or property to someone, so the cost basis moves to them. It's used in situations like ours, where we give gifts to our kids and don't want to pay capital gains taxes to get cash, so we give the stock directly. For ordinary expenses where you will first convert the asset to cash and pay any capital gains taxes, use the various Expense categories.
Aha. Perfectly explained.
