OldShooter
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We will be in RMD-land next year and forced to take distributions substantially higher than we have been taking to-date. Like close to double. Not a bad problem to have, I guess, but I am starting to stew about tax planning and estimated taxes. I think we will be able to use the IRS safe harbor rules to hold down our estimated tax payments but we also have other income, SS, etc. to stir into the stew.
So ... does anyone know of a site or spreadsheet that will support this kind of planning. Inputs would be assets subject to RMD, other income, projected asset growth, taxable account balances, projected spending, etc. Outputs would be estimated tax payments, account balances going forward, etc.
I could make a spreadsheet to do all this but the prospect does not fill me with joy. Hence my question.
So ... does anyone know of a site or spreadsheet that will support this kind of planning. Inputs would be assets subject to RMD, other income, projected asset growth, taxable account balances, projected spending, etc. Outputs would be estimated tax payments, account balances going forward, etc.
I could make a spreadsheet to do all this but the prospect does not fill me with joy. Hence my question.