IRA Distribution - ESPlanner distributes more than RMD

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I note in my ESPlanner report that the program distributes more from my IRA than the Required Minimum Distribution to maintain the suggested consumption. That's fine with me but is there a way to see what the RMD and additional distribution amounts are in each year? Thanks.

Comments

dan royer's picture

This could be the RMD for the entire pool of qualified assets. ESPlanner lumps it (well, all but the ROTH if there is one that may be pushed to the end by default) all together so the RMD may be for the entire pool of husband or wife's qualified retirement assets. There are a couple of ways to calculate RMD I think, but it should not be too far off.

Why do you think the RMDs are too high?
I've reviewed the program and I believe thet they are exactly correct.
Please open a support ticket and upload your database If you'd like me to look into it.

I think the poster is asking a different question. The annual withdrawals are often higher than RMDs (which they are okay with), but want to know if they can see the exact RMD levels for each year.

One way to do this is to lower the "Percentage of non-annuitized assets to be spent" value under "Smooth Withdrawals" in the "Retirement Accounts" tab. If you lower the value enough, it forces the program to reduce your withdrawals to a lower bound which is the RMD level. Comparing this to your original withdrawals will show the difference.

Best,
Brian

Brian interpreted my question correctly. I'm not questioning the calculation. I just wanted to see the retirement withdrawal broken down to separate values of RMD and any additional withdrawals. Brian's suggestion to lower the % of non-annuitized assets to be spent values worked...the total withdrawal decreased to the correct rmd value.

I would just say that it would be helpful to see in the report if the withdrawal exceeds the rmd and by how much. The reason is that as i'm trying to optimize my financial plan that I would probably like to minimize retirement withdrawals to be no higher than the rmd.

I appreciate the way you guys are responsive to your customers' questions.

dan royer's picture

If you postpone the start date for smooth withdrawals to past age 70--say to age 80 in Key Ages area, you'll see the RMD calculated from 70-80 and then smooth withdraws after that.