Within Quicken Deluxe there is a module for retirement planning and I have been playing with it. Some of my funds are in IRA accounts whack will need to be withdrawn by a certain minimum amount per year when I reach 70.5. Obviously this annual IRA withdrawal has tax consequences increasing my tax bracket as of that time.
In Quicken's retirement module there is a question about the tax bracket at retirement. However my tax bracket will be less in retirement before the IRA withdrawals and greater after. I assume that Quicken has no mechanism to take into account this change in tax bracket. Am I correct?
Also, in its calculations does Quicken assume I am first depleting IRA funds before using non IRA funds or the other way around?
Willliam