Flexible Retirement Planner Support Forum

I think what you're seeing is do to rounding. The number in parenthesis () in that column of the detailed view is the number of failures. If it's not zero, it means there were cases in which the simulation ran out of money that year. So even though it's showing a probability of success of 100%, it'...

Hi Jim, In many of my runs, the planner returns a "Probability of Success 100%" report. But, then, under that, it reports an "Average Spending Shortfall" of, for example, 47%. This number will vary, going slightly up and slightly down. When I look at "Detailed View" I see that virtually every year s...

First, the latest standalone version (04-03-02) let's you adjust the RMD start age. If you have the latest version, you should see that option in settings. The download page is here: https://www.flexibleretirementplanner.com/wp/download/ The spending adjustment multiplier controls how fast "percent...

Jim, Will there be (or is there) a standalone version that allows RMDs to be taken at 72? This seems to be an option in the online version as it appears in the screenshot in the FAQ. But my standalone version only allows age 70 in the settings screen. Also can you explain in more detail how the spen...

Jim, I'm unclear on how taxes are being applied by the planner. In the setup page I have "Income Tax Rate" set as 15%. (Though I am not sure, I would assume this is used as an average rate applied to the withdrawal, and does not take into account progressive taxation.) I have Annual Retirement Spend...

jimr wrote: ↑

Thu Dec 19, 2019 12:59 pm

Have you tried creating an "other expense" cash flow in the last year of the plan with the amount set to the amount you'd like to preserve (eg $2m)?

Hmm. No I had not thought of that!

Jim-- I know this is not the intent of the planner, but is there perhaps a workaround that will allow me to specify (for example) a $2m estate left when the planner period ends? I have played around with the Goal Seek but it's not really accomplishing what I want to do, which is this: Specify an amo...

All makes sense! Thanks for the speedy reply!

From what you describe, it sounds like your understanding of how this should work is correct and what you're seeing is confusing to me too. Unfortunately, I'm not able to reproduce the result you're seeing based on what you've described. I started with a new plan, changed the tax rates and inflatio...

I'm confused by how tax rates are applied, the order, and the nomenclature with respect to a pension. On the main planner page, under Income Tax Rate, I have entered 15%. I assume that this rate is applied to any entries that are added on the Additional Inputs section that are considered Income (suc...