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Old 08-27-2013, 06:31 PM   #21
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Join Date: Jul 2011
Location: The Bay Area
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Originally Posted by tmm99 View Post
I used Fido planner before, but not too seriously. Because of this thread, I re-looked at this over the weekend, and I realized that the plan is withdrawing more money than I need due to minimal distribution requirement starting at age 71, and is assuming that I am actually spending the extra money withdrawn.....

Did anybody notice that? How do I go around this? The part Fido calculates the tax implication is great, but maybe there is something I can tweak the withdrawn money somehow (save off extra in after tax or something?)? Am I missing something?
This is not correct. Fido RIP calculates your expenses and taxes and assumes that is what you spend (you can add the columns for "Sources of Income" and "Total Withdrawals" and they will equal the total of "Total Expense" and "Taxes"). There is a "MRD" column but, the tool does not assume you spend any MRDs above expenses and taxes; it assume you withdraw and reinvest the excess. This is also explained in the "methodology" document.

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Old 08-27-2013, 08:25 PM   #22
Thinks s/he gets paid by the post
Join Date: May 2008
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Thank you Huston for your explanation. I knew I was missing something. I will recheck it.

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