Tax treatment of Retirement Account withdrawals
The Assets Tab in the Retirement Accounts Folder has six separate entry fields (per person).
I entered three separate amounts, in the "401-k", "IRA", and "Employer Accounts" field.
When I added the three amounts together and entered them in a single (401-k) field, my std of living increased significantly, even though the Total in the retirement accounts did not change. Upon examination, I see that my taxes have lowered significantly late in life.
The only change I made was to enter the account values in a different field - no change to the total amount. This resulted in a change to my taxes.
I thought that all of these accounts (except for the Roths) were treated the same, as tax-deferred. Why would placing the amounts in a different field result in different taxes?