63 planning to retire at the end of 2023.

[csylvester]

Does anybody use Right Capital software? I like it for tax planning in retirement, however, I'm a minister and a portion of my 403b distribution will be designated housing. I have not found a way to include that in the software. Any ideas or recommendations? Does anybody know of a software that can factor in a housing allowance as part of a distribution?

 

[pb4uski]

Probably not since the minimum price is a 12 month committment for $125/month.

Can you elaborate on how this designated housing distribution from the 403b works?

 

[csylvester]

I purchased access to the software through https://heritagewealthplanning.com


Being an ordained minister a portion of my salary is designated as housing and I pay only self-employment tax. I will do the same through the custodian of my 403b when I begin receiving distributions. For example, lets say I am receiving $1000 a month from the 403b. I designate $300 as housing allowance. I will pay tax on $700. The $300 is tax free. My cuandre is I will start ROTH conversions in December within my 403b. I don't need to convert all of it because of the housing.