If I input an IRA of $49,875 and tell the system to annuitize it over exactly 5 years, with 3% growth, 3% inflation, and 3% nominal return -- it yields 5 annual payments of only $8421. Doesn't seem to be enough.
In fact, if I change it to a 1 year annuity, the $49,875 results in a one time payment of $34,955. Very confusing.
Must be missing something...
Steve
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Steve, We'll check this out right away. best, Larry
We've put it on the bug list and will be looking at it as part of the next update cycle.
Best,
Dick Munroe
I suppose in the meantime the way to work around this is as follows;
1.zero out the IRA (or whatever portion you want to annuitize)
2.Calculate- by hand- the annual (pretax) annuity payments
3.Enter these annuity payments as 5 annual special receipts (taxable).
Make sense?