Tax Lab
29 Articles in this CategoryHow to factor in pre-retirement taxes
This article will explain how to factor in pre-retirement taxes....
What Determines which Strategy is Starred in the Tax Lab?
How are tax distribution strategies ranked in the Tax Lab ...
How do I include annuity Roth conversions in a plan?
You can specify a custom Roth conversion plan for an annuity, including tax-related withdrawals....
Why are first year taxes so strange?
Find out how mid-year retirements and lumpy or large income and expenses can impact the first year of taxes in your plans....
Why do I see mixed results in tax lab?
Learn about the various factors contributing to mixed results in tax lab simulations and how to interpret and address them effectively....
How Should I Read the Income Graph in Tax Lab 'Explore'?
Learn how to interpret the income graph in Tax Lab 'Explore.'...
How to Generate a Report Snapshot in the Tax Lab
Learn how to easily create report snapshots in the Tax Lab....
How to Set an Annual Cap on Roth Conversions
Learn step-by-step instructions for setting an annual cap on Roth conversions....
Why are the Taxes in My Plan So Low?
Discover the reasons why you may see low taxes in your financial plan....
Tax Lab - Tax Filing Status and Standard Deduction
View the standard deductions and tax filing status used in the Tax Lab....
Putting a 'floor' on tax deferred balances for Roth conversions
This article will walk through how to put a "floor" on tax-deferred balances when modeling Roth conversions....
What sorts of taxes are analyzed in Income Lab?
What sorts of taxes are analyzed in Income Lab?...
What Columns are Included in the Tax Lab Income Details Table?
View the information below to review the columns included in the Tax Lab income details table....
What is Total Net Legacy?
What is Total Net Legacy?...
Customizing Years for Roth Conversions
Learn how to tailor the timing of Roth conversions by customizing the years in which you allow Roth Conversions...
How Bracket Management Roth Conversion Strategies Work
Details on how Bracket Management strategies are modeled....
How do Roth conversions work in preretirement?
Explore how the software calculates Roth Conversions during preretirement...
How does Income Lab calculate where taxes will be paid from for Roth Conversions?
This article will explain how Income Lab calculates where taxes will be paid from when calculating Roth Conversions....
How does Medicare IRMAA bracket management work?
Roth conversions focused on particular Medicare IRMAA brackets can be utilized in order to avoid paying additional part B and D premiums....
Local Taxes
Discover how to factor in local taxes in your plans...
Non-taxable Qualified Distributions
How are Non-Taxable Qualified Distributions Calculated?...
Other non-taxable income
How is Other Non-Taxable Income Calculated?...
What tax deductions can be included in a plan?
Review how Income Lab handles standard and itemized deductions...
Why are real and nominal total effective tax rates different?
The 'Effective Total Tax Rate' is calculated as: Effective Total Tax Rate = Total Tax / Total Gross Income...
Tax Lab Video Tutorial
This article includes a video that will walk you through the new tax lab....
Modeling Net-of-Tax Spending Capacity in Income Lab with Roth Conversions
Learn how to effectively model net-of-tax spending capacity in Income Lab using Roth conversions to optimize retirement income planning....
How are tax calculations adjusted for inflation when projected into the future?
Discover how Income Lab correctly factors in inflation when calculating taxes for accurate financial planning....
What tax filing status options does Income Lab cover?
The software automatically classifies plans as using 'Single' or 'Married Filing Jointly' for tax purposes...
How does Income Lab model state income tax?
A state-by-state summary of what is models in Income Lab plans...