Search found 4 matches

by aplanedrvr
Sat Jan 23, 2021 2:10 pm
Forum: General questions and comments
Topic: Handling Trust Distributions as a beneficiary
Replies: 6
Views: 11610

Re: Handling Trust Distributions as a beneficiary

Ahhhhhhhhh......gotcha. Makes perfect sense. I'll try it.

And yes!!! That worked!!
by aplanedrvr
Sat Jan 23, 2021 2:01 pm
Forum: General questions and comments
Topic: Handling Trust Distributions as a beneficiary
Replies: 6
Views: 11610

Re: Handling Trust Distributions as a beneficiary

Thank you for your response. The trust is not sizeable, so at this point it's being allowed to grow. Disbursements won't occur until retirement and are effectively capped by one of the trustees at the outdated rate of 4% trailing twelve months. With the pre-retirement income, I have a hangup. I have...
by aplanedrvr
Sat Jan 23, 2021 1:28 pm
Forum: General questions and comments
Topic: Handling Trust Distributions as a beneficiary
Replies: 6
Views: 11610

Re: Handling Trust Distributions as a beneficiary

Thanks Jim! I did the taxable portfolio balance approach which, if I understand correctly, would create a tax penalty that isn't really there. I'll try the annuity approach and see what the difference shows. Another question: I'm still working and receiving a paycheck. I'm 54 and will be retiring at...
by aplanedrvr
Mon Jan 04, 2021 12:42 am
Forum: General questions and comments
Topic: Handling Trust Distributions as a beneficiary
Replies: 6
Views: 11610

Handling Trust Distributions as a beneficiary

Thank you for such an awesome retirement planner! As a beneficiary of a family trust, I'm trying to determine how best to input the value of this portfolio. Since the beneficiary does not pay tax on the distributions of principal, should the value of this portfolio be shown as tax-free or taxable? S...