plan_retirement_withdrawals
Determine optimal withdrawal sequence from Traditional IRA, Roth IRA, and taxable accounts to minimize lifetime taxes during retirement.
Instructions
Plan tax-efficient retirement withdrawals. Determines optimal order to draw from Traditional IRA, Roth IRA, and taxable accounts to minimize lifetime tax.
Input Schema
TableJSON Schema
| Name | Required | Description | Default |
|---|---|---|---|
| taxYear | Yes | Tax year | |
| filingStatus | Yes | ||
| age | Yes | Your current age | |
| traditionalBalance | Yes | Traditional IRA/401k balance | |
| rothBalance | Yes | Roth IRA/401k balance | |
| taxableBalance | Yes | Taxable brokerage account balance | |
| socialSecurityIncome | No | Annual Social Security income | |
| pensionIncome | No | Annual pension income | |
| annualSpending | Yes | Annual spending need (pre-tax) | |
| rothConversionInterest | No | Interested in Roth conversion strategy? |