Planned
Inherited IRA (non-spouse) - model RMD withdrawals required earlier than 72.
Temporary need until age 73. Perhaps just a scheduled recurring transfer based on % of account balance.
Temporary need until age 73. Perhaps just a scheduled recurring transfer based on % of account balance.
Would be nice if this could incorporate changes from both before and after the SECURE act
https://www.schwab.com/ira/inherited-and-custodial-ira/inherited-ira-withdrawal-rules
Kind of similar to this request from a Canadian user, to model early RRSP conversions. https://discord.com/channels/869222901054857216/1097636585098453002
Broadly, I think having the ability to define a transfer between accounts would be great feature.
With the current rules for a recently inherited IRA for a non qualifying beneficiary you have ten years to withdraw the full amount, and withdrawals will be taxed. It could be modeled like a ten year Roth conversion ladder which would allow for fluctuating the annual withdrawal amount. Alternatively it could at least be modelled as N equal withdrawals where N is between 1 and 10 inclusive.
Obviously other situations exist but this is the one I’m familiar with because I’m in it, having inherited an IRA this year.