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Allow Effective Tax Rate to be set based on Scenario

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(@caroblover)
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Joined: 2 months ago
Posts: 38
Topic starter  

Modeling a Scenario comparison between my wife and I living to a ripe old age together and me passing away this year (tragically). This represents the worst case condition for our Retirement Plan and Taxes.

That said, the Effective Tax Rate in the first Scenario and the second Scenario should be significantly different.

I don't see a way to associate the Effective Tax Rate to the Scenario, am I missing something?

Thanks



   
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(@smatthews51)
Member Admin
Joined: 5 years ago
Posts: 1121
 

@caroblover Right. The Effective Tax Rate is set via the Build > FA > Management page and is not scenario-specific. It is set up as the effective tax rate to be applied to your final tax-deferred account balance (i.e., your best guess as to the tax rate of the heirs of the account).

Stuart



   
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(@caroblover)
Trusted Member
Joined: 2 months ago
Posts: 38
Topic starter  

I understand how it works now, BUT

My scenarios differ (one where we live till '90 vs. one where I die tomorrow) and I would like to use different Effective Tax Rates. It really interferes in modeling...



   
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