I've been working on planning multi-year roth conversions and included the tax basis in all accounts that made sense. I then thought about the the retirement income planners. I don't recall that any of those I've used took tax basis into account.
In taxable accounts and TIRAs tax basis can have some affect.
Having 1 MM in a taxable account is nice. With a tax basis of of 1 MM would be nicer. Same with TIRA's basis as it reduces taxes due upon withdraw.
Is anyone aware of a retirement planner that accounts for embedded tax basis?
In taxable accounts and TIRAs tax basis can have some affect.
Having 1 MM in a taxable account is nice. With a tax basis of of 1 MM would be nicer. Same with TIRA's basis as it reduces taxes due upon withdraw.
Is anyone aware of a retirement planner that accounts for embedded tax basis?