Is there a way to reduce consumption so I can targeta specific residual estate value to pass on to our children?
Also an unrelated question - Item 4 under Retirement Accounts withdrawals tab is "Specify the percent of non annuitized assets to be spent" What does it mean - each year? Is the impact an alteration in the consumption number? Thanks GB
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RSS
Yes, explore the Estate area (third one down in the menu tree) and see that you can leave money to those other than your partner/survivor. Read the "Guide" text on this screen because I think it's pretty helpful. It indicates that you can also use the Reserve fund to leave money to children.
As to the second question: yes, the "non-annuitized assets to be spent" do impact consumption.
I think there are a number of different ways to leave an estate to children. 1. through the estate panel 2. through the reserve fund. 3. The equity in the home is assumed to go to the survivors.
Dan
You can specify a growing reserve fund or a special expenditure late in life. This will lead the program to recommend less spending. Percent of non-annuiitized retirement account assets to be spent lets you tell the program not to spend some of your retirement account assets beyond what's need to satisfy minimum distribution requirements.