CRLLS
Thinks s/he gets paid by the post
WRT what tax rate would you use to reduce the value of an IRA, I use the full value of the IRAs 401Ks etc without accounting for any income tax or estate tax. I look at it this way, when I die, I owe only that which I have incurred up to the day of my death. No more, no less. No estate tax, no income tax (beyond my day of death). At the moment of my death, I own nothing. At that moment my estate owns it and any POD/joint account beneficiaries /owners. My estate can carry on and pay its taxes under its own Tax ID number or transfer it to the beneficiaries and the beneficiaries have the responsibility of any taxes. I have no idea what tax bracket they are in, and it is none of my business. FWIW, my NW is just a feel-good number. In over 70 years, I have never needed to present my NW statement to anyone. Maybe if I was starting a business and was applying for a loan it might matter.
To repeat, my NW uses the full value of my bank, IRA, Roth etc. accounts.
To repeat, my NW uses the full value of my bank, IRA, Roth etc. accounts.