Can you remove/adjust the withdrawals from the Plan Summary in the Life Time Planner

Margio
Margio Quicken Windows Subscription Member ✭✭
edited December 8 in Budgeting and Planning Tools (Windows)

Trying to estimate our income in retirement and can't work out how withdrawals are calculated and our number looks wrong - on Windows PC. Is there an explanation of how withdrawals are calculated? And can you remove or edit the Withdrawals line? Thanks!

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Answers

  • Quicken Kristina
    Quicken Kristina Quicken Windows Subscription Moderator mod

    Hello @Margio,

    Thank you for reaching out! The only way I can see to change the information that shows up on the Summary screen is to change your assumptions. For instructions on how to do that, please see this help article: https://info.quicken.com/win/how-do-i-update-my-lifetime-plan-lifetime-planner

    I hope this helps!

    Quicken Kristina

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  • mshiggins
    mshiggins Quicken Windows 2017 SuperUser ✭✭✭✭✭

    Basic info on withdrawals is they will cover annual expenses from taxable accounts if there is sufficient funds or from tax deferred accounts if balance in taxable accounts is not sufficient. Once you reach RMD age, the planner will begin your RMD withdrawals.

    There are some nuances.

    If you describe the issues you are seeing, likely we can advise how to work around them.

    Quicken user since Q1999. Currently using QW2017.
    Questions? Check out the Quicken Windows FAQ list

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