I am posting a current conundrum I am dealing with in the hopes that some of you have had similar issues and maybe somebody has developed software or strategies that solve the problem. Here is the issue. I am (well) over 70 1/2 and perhaps foolishly, bagged away my life savings into tax-deferred investment vehicles. This creates an asset management problem. I have a taxable account that my RMDs flow into. Each year I have to liquidate equities to produce enough cash OR move whole funds from the tax-deferred accounts to the taxable account to meet RMD requirements, making sure I withhold enough transferred cash to meet income tax requirements (else I get a penalty). Note that the taxable account must also be included in any asset management strategy. Add to this picture the issue of tax efficiency of the taxable account as it grows in size.

The problem: it is cumbersome to try and manage any kind of investment diversification and tax strategy for portfolios scattered across taxable and tax-deferred accounts, especially when one has to be careful to move enough cash to meet RMD income tax requirements.

Has anyone developed software (maybe an opportunity?), spreadsheets, or a strategy for managing this messy situation? Balances are dynamic, liquidations in a down market sometimes require taking losses on equities, and trying to execute a strategy, whether the bucket system or another allocation strategy, is tedious and time-consuming. Suggestions, anybody (not hire an advisor, please!)?

Lowell

https://lowellherr.smugmug.com/organize/

Lowell

Lowell