Search found 33 matches

by FRPJunkie
Sat Sep 05, 2020 6:45 pm
Forum: General questions and comments
Topic: Using Goal Seek but limiting withdrawal percent
Replies: 5
Views: 300

Re: Using Goal Seek but limiting withdrawal percent

Thanks. So the way your retirement income is staged is going to force your portfolio withdrawals to be very lumpy. This makes more sense now. I don't quite understand why a few years with a high withdrawal percent is a problem. If it was me, I'd probably be inclined to seriously lower portfolio ris...
by FRPJunkie
Sat Sep 05, 2020 6:01 pm
Forum: General questions and comments
Topic: Using Goal Seek but limiting withdrawal percent
Replies: 5
Views: 300

Re: Using Goal Seek but limiting withdrawal percent

I'm a little confused about why you're seeing such a high withdrawal rate in some years. Assuming you're targeting a 90ish percent probability of success, the planner wouldn't be likely to draw down the portfolio to zero. This is because it'd be tough to target such a complete spend-down while stil...
by FRPJunkie
Sat Sep 05, 2020 7:44 am
Forum: General questions and comments
Topic: Using Goal Seek but limiting withdrawal percent
Replies: 5
Views: 300

Using Goal Seek but limiting withdrawal percent

Jim, When one uses the Goal Seek feature that shows portfolio value needed to sustain withdrawals, the resultant withdrawal percentages are higher than what one would accept in real life. For example, in my situation a $1m retirement portfolio would "work" but the planner shows some years with 12% w...
by FRPJunkie
Sat Feb 29, 2020 4:17 pm
Forum: General questions and comments
Topic: understanding % of expenses funded
Replies: 2
Views: 5500

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: General questions and comments
Topic: understanding % of expenses funded
Replies: 2
Views: 5500

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: General questions and comments
Topic: Questions on RMD @ 72, spending multiplier
Replies: 3
Views: 3824

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: General questions and comments
Topic: Questions on RMD @ 72, spending multiplier
Replies: 3
Views: 3824

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: General questions and comments
Topic: understanding income taxes
Replies: 1
Views: 2953

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: 5029

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: 5029

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...