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2014 ORP Updates
Old 05-13-2014, 07:31 AM   #1
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2014 ORP Updates

If you are an occasional ORP user you may want to see the changes Mr Welch has made to ORP recently.

ORP News

05/06/2014: Exempting Social Security Benefits from State Income Taxes
05/10/2014: Taxes on IRA to Roth IRA Rollovers
03/10/2014: Seperate Life Expectencies
02/10/2014: File and Suspend
01/11/2014: Spousal Benefits
01/04/2014: Mortgages on Illiquid Assets
. . .

One I find useful is the ability to configure ORP not to do ROTH conversions. This allows one to run the model with ROTH conversions, and without. This allows you to quantify the value of ROTH conversions.
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Old 05-13-2014, 07:49 AM   #2
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Thanks for posting the news. I would benefit from a place to put variable annuities since all the gains in those need to come out first, and then the principle comes out tax free, it is only a rough estimate to put those in as tIRA.

Oh, and the elephant in the room, which might be part of the controlling Roth conversions...ACA income management!
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Old 05-13-2014, 10:09 AM   #3
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Quote:
Originally Posted by sengsational View Post
Thanks for posting the news. I would benefit from a place to put variable annuities since all the gains in those need to come out first, and then the principle comes out tax free, it is only a rough estimate to put those in as tIRA.

Oh, and the elephant in the room, which might be part of the controlling Roth conversions...ACA income management!
+1 It'll sure help a great deal regarding ACA. We'll be family of 4 until I turn 65 and planning to retire in 6 yrs at the age of 55.

It was only 1K less in initial withdrawal when not using IRA->Roth IRA conversion. It'll be good to keep in mind when calculating O-MAGI for subsidy.
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