RMD Aggregation concern
Like many DIYers, I have a pretty robust spreadsheet to model retirement. Using a spreadsheet for iterative comparisons is a little tedious and I was curious about Boldins software. I wanted to use the software as “second opinion” to sanity check my own calculations and possibly fine tune my strategies with concurrent Roth conversions and QCD's.
I immediately ran into a significant problem on day one. The software will not let me add a qualified annuity. I had to create a “other tax deferred” account, add a pension income to simulate the income stream and also add a money transfer to drop the balance over time when the income rider is triggered. Very “clunky” process.
The big problem is that the RMD required does not aggregate to other IRA accounts. Nor do they appear in the tools. The Secure 2.0 act specifically allows aggregation of excess RMD's from annuities to offset required RMDs from other IRA accounts. The Boldin software logic does not apparently allow this aggregation of RMDs.
Attempts to further optimize conversions, RMDs and QCDs are skewed by inflated RMDs in the separate accounts.
Had a lovely chat with the AI who acknowledges the problem and a not so helpful chat with a human. Am very surprised to uncover this issue in Boldin. I have 13 more days to play with it but this issue is likely a deal breaker for me.
Anybody else see this issue?