Post questions about how to use the planner, user inputs, how the planner works, and comments and suggestions.
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Joined: Sat Oct 17, 2020 11:30 am


Post by jeberle »


Love the program and it has been a godsend to us!

I do have a question. When computing taxes, I see something that doesn't seem to compute. For my first year of my retirement, I note that to meet planned expenses, the program appears to withdraw 73k from my taxable investment savings account. I set the tax rate on that account at 15%, but the program output column shows no taxes on that withdrawal. Am I missing something?


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Joined: Thu Feb 28, 2008 6:48 pm

Re: Taxes

Post by jimr »

The taxable portfolio is carried at a cost basis of 100%, so withdrawals from that portfolio don't incur any taxes. To maintain this 100% cost basis, all investment gains are taxed at the investment tax rate each year and the taxes are deducted before the gains are reinvested back into the portfolio.

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