ROTH IRA withdrawals not treated correctly, balances not omitted from RMD.

Morrislesl

During the market downturn, I converted one of my IRAs to IRA ROTH, paying taxes on the higher annual income. Twice. The Planner does not treat ROTH withdrawals as tax-free.

1. The Planner shows no projected decrease in the RMD amounts for the future years.

2. The Investment portion of the planner needs to differentiate between income tax-deferred accounts (IRA and ROTH IRA) and non-taxable ROTH withdrawals after age 55.

I updated the Tax Schedule for withdrawals in each account hoping that would flag taxable (IRA RMDs) and non-taxable withdrawals (ROTH-IRA). But Tax-deferred remains the same along with high RMDs. Any suggestions would be welcome.
Leslie

jacobs

@Morrislesl It sound like you're using Quicken Windows — is that correct? Your question was posted in a Quicken Mac category; if you confirm, we can have a moderator move it to the appropriate category for Quicken Windows, where the Windows experts will see it and can offer suggestions. 

Morrislesl

Oops. You are correct. Please move it!

mshiggins

Which Planner are you referring to, the Lifetime Planner or the Tax Planner?