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Special Withdrawal impact on survivor report when non-annuitized asset spending is < 100%

I did an initial run with a Retirement Accounts>Special Withdrawal of $60,000 for age 63 to 70 and Smooth Withdrawals thereafter. Then, I reduced the Retirement Accounts>Smooth Withdrawal>"% non-annuitized assets to be spent" from 100% to 50% to tease out RMD's. I was surprised to find that the Survivor Annual Suggestions report showed a living standard for the first 7 years that was much lower than the living standard value in the Annual Suggestions report. I did not think such as result was possible.

As I looked further, I found the probable cause: the $60,000 Special Withdrawal was being overridden in both Survivor Retirement Accounts reports by the Smooth Withdrawal function. (There was no longer any trace of the $60,000.) Instead, the values reported, beginning at age 64, were the smooth withdrawal values reduced by 50%.

Is this all as intended?

-- Mike

1

Probably a case we didn't catch when we tested special withdrawals. Open a support request and upload a data base with instructions on how to create the problem and what to look for and we'll see what's going on.

Best,

Dick Munroe