How to Model Withdrawals From Multiple Investment Accounts
Can I withdraw from multiple investment accounts at the same time?
WealthTrace uses investment accounts in the established withdrawal order to cover expenses. It does not automatically blend withdrawals across multiple investment accounts for a single expense.
How to Model Blended Withdrawals
If you want to model withdrawals from multiple accounts in the same year, create separate Expenses and assign each expense to a different investment account as the funding source.
For example, if you want $40,000 of annual living expenses funded equally from a brokerage account and an IRA:
- Create a $20,000 Expense funded by the brokerage account.
- Create a second $20,000 Expense funded by the IRA.
If you want your annual living expenses funded by multiple accounts, those amounts need to be entered as individual Expenses with the appropriate funding source selected for each one.
