FAQs - Family Law Software

FAQs

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Question: I entered an IRA and specified regular distributions. I cannot see any IRA retirement income in the year my client will retire. What happened?

Answer:

Most likely, the IRA was consumed by liquidations before retirement.

Click here for more information about liquidations

To see if that was the case, look at Forms & Reports > More Reports > For Planners > Liquidations to Cover Negative Cash Flow. If there are any numbers in the section labeled :IRA/401k distributed," then this is what happened.

For account-by-account detail of the liquidations, look on that same screen, further down, for IRA/401k Liquidation.

For a complete report on details of IRA inflows and outflows, see the report labeled IRA/401(k) Assets.