CoPlanner

Target POS: 85%

Approach 1

Frank - Utilize Roth Conversion to 10% bracket from 2034 to 2045

Roth Conversion during the period after retirement and until RMDs start. The system tests conversions up to one bracket above the projected tax bracket from the first year of retirement. You may want to explore using higher brackets.

Change Frank's retirement contributions to be 100% Roth

Changes your retirement contributions to be either 100% Roth or 50% Roth contributions rather than your current arrangement.

Start Social Security at 70/70

Change your assumed social security start ages.

Downsize home in 2038 for net proceeds of $223,761

Assumes a residence is sold and a new residence of lesser value is purchased.

Save additional $11,500 annually

Increase your annual savings. Assumes this additional savings is contributed to a taxable account until your retirement age. Pre-retirement living expenses are reduced accordingly to create the money to save.

Decrease your retirement lifestyle to $146,697 from $162,996

Changes your assumed living expenses after retirement.

Retire at 64/63 rather than 63/63

Changes the assumed age of retirement. Any existing Facts that start or end "At Retirement" will be affected by this new age.

Use Revocable Trusts to avoid probate

Assumes revocable trusts will be used by the clients as needed to avoid probate.