Search found 2 matches

by rsn010
Fri Apr 09, 2021 5:53 pm
Forum: General questions and comments
Topic: Withdraw from a specific account
Replies: 1
Views: 7354

Withdraw from a specific account

Is there a way to specify a particular account (taxable, tax free or combination) for a large withdrawal (ie for a new home)? As you can imagine, the effect on taxes could be substantial. Thanks...as always
by rsn010
Wed Feb 12, 2020 4:43 pm
Forum: General questions and comments
Topic: Mortgage paid off
Replies: 2
Views: 7963

Mortgage paid off

In the future, our vacation home will be paid off saving us about $111,000 per year. I have input this as misc income on the expected date to the end of plan since it is an annual savings. Is this the best way to handle? If so, I assume that I can model an early payoff in the same manner. Thx.