Search found 30 matches

by FRPJunkie
Sat Feb 29, 2020 4:17 pm
Forum: FRP standalone application
Topic: understanding % of expenses funded
Replies: 2
Views: 5081

Re: understanding % of expenses funded

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'...
by FRPJunkie
Sat Feb 29, 2020 11:44 am
Forum: FRP standalone application
Topic: understanding % of expenses funded
Replies: 2
Views: 5081

understanding % of expenses funded

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...
by FRPJunkie
Mon Jan 20, 2020 1:22 pm
Forum: FRP standalone application
Topic: Questions on RMD @ 72, spending multiplier
Replies: 3
Views: 3390

Re: Questions on RMD @ 72, spending multiplier

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...
by FRPJunkie
Mon Jan 20, 2020 10:07 am
Forum: FRP standalone application
Topic: Questions on RMD @ 72, spending multiplier
Replies: 3
Views: 3390

Questions on RMD @ 72, spending multiplier

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...
by FRPJunkie
Sun Jan 05, 2020 2:35 pm
Forum: FRP standalone application
Topic: understanding income taxes
Replies: 1
Views: 2662

understanding income taxes

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...
by FRPJunkie
Thu Dec 19, 2019 1:23 pm
Forum: General questions and comments
Topic: Force planner to leave specific estate?
Replies: 5
Views: 4408

Re: Force planner to leave specific estate?

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!
by FRPJunkie
Thu Dec 19, 2019 12:55 pm
Forum: General questions and comments
Topic: Force planner to leave specific estate?
Replies: 5
Views: 4408

Force planner to leave specific estate?

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...
by FRPJunkie
Mon Aug 05, 2019 11:20 am
Forum: Simulation mechanics, assumptions, and inputs
Topic: How tax rates are applied - Additional Inputs section
Replies: 4
Views: 4308

Re: How tax rates are applied - Additional Inputs section

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...
by FRPJunkie
Mon Aug 05, 2019 10:51 am
Forum: Simulation mechanics, assumptions, and inputs
Topic: How tax rates are applied - Additional Inputs section
Replies: 4
Views: 4308

How tax rates are applied - Additional Inputs section

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...