Need assistance? RightCapital is here to help! Please use the common questions and answers below to assist you in generating financial plans. For additional assistance use the link to our support team at the bottom of the article.
Creating an income distribution card will allow you to specify the exact dollar amount of the distribution and the year it takes place. In contrast, the Tax > Distributions module (Roth tool) provides the ability to fill up to specified tax brackets and IRMAA thresholds over several years while giving the client a visual representation of the value Roth conversions have within the plan.
In the Distribution card you can specify the account type and owner from which the distribution is pulling. Since RightCapital only projects account buckets (IRA, 401(k), Bank) within the future cash flows, you cannot specify the exact account.
The best place to track account distributions within a financial plan would be to navigate to the Retirement > Cash Flows > Summary Tab > Planned distributions column. You can also visit the Retirement > Cash Flows > Accounts tab and use the drop down menu to select withdrawals from accounts.
Under Profile > Income section, click 'Add Income' > 'Distribution' - select the bucket of money you would like to make the rollover from, use the deplete over # of years' setting and set it to 1 year, select 'rollover to IRA' option, indicate the year you would like this to occur and click 'save'.
For additional assistance within RightCapital please contact our Support team.
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