In the Settings > Estate area there is an Estate Planning Panel for each spouse that includes a field for Percent of Retirement Account Assets to Spend
There is a setting for both non-Roth and Roth accounts.
If set to 100%, retirement accounts will be fully spent by the time you reach your maximum age. If set to less than 100%, unspent retirement account assets will end up in your estate. This setting applies to assets that aren't annuitized or used to meet Required Minimum Distributions (RMDs).
Examples
- If you had non-Roth accounts only, if you set this to 0% you would in effect see that only RMD withdrawals are made and the unspent residual account dollars would be left in the estate.
- If you had only Roth accounts, if you set the Roth accounts to spend 0% you would make no withdrawals because Roth accounts are not subject to RMD.
- If you have a combination of Roth and non-Roth, you could set Roth accounts to 0% and non-Roth to 100% and MaxiFi will spend down all of the non-Roth and 0% of the Roth.
- If you have a combination of Roth and non-Roth, you could set Roth accounts to 0% and non-Roth to 0% and MaxiFi will spend down RMD only from the non-Roth and 0% of the Roth.
- If you have a combination of Roth and non-Roth, you could set Roth accounts to 100% and non-Roth to 0% and MaxiFi will spend down RMD only from the non-Roth and 0% of the Roth.