You can set the range of years MaxiFi will use when searching for the optimal Roth conversion amounts, or leave at the default values. Our default is from the current year for 15 years.
Our default values are based on our analysis of many cases during testing and development of the Roth conversion algorithm. Conversion solutions rarely went beyond 10 to 12 years and typically were in the 5 to 8 range. Fifteen years was chosen as a value that encompassed the most common solutions while not making the process unnecessarily long. In addition, we observed the greatest impact on discretionary spending in most cases from converting sooner rather than later. The “end year” is provided to support cases where a customer has some specific reason to complete conversions by a specific year earlier than the default. The odds of finding a better solution spanning beyond 15 years is low.