Search found 5 matches

by target2019
Tue Jul 07, 2020 7:46 am
Forum: General questions and comments
Topic: FRP Taxes (Need to Compute Taxes Paid each Year)
Replies: 11
Views: 922

Re: FRP Taxes (Need to Compute Taxes Paid each Year)

@target2019, I ended up adding the extra tax columns that I mentioned above. I plan to release the updated version in the next week or so, but if you send an email to info@flexibleRetirementPlanner.com I can send you a download link for the beta version. Thanks, Jim. Your response to problem areas ...
by target2019
Mon Jul 06, 2020 2:19 pm
Forum: General questions and comments
Topic: FRP Taxes (Need to Compute Taxes Paid each Year)
Replies: 11
Views: 922

Re: FRP Taxes (Need to Compute Taxes Paid each Year)

Gatorbyter, In my additional inputs I have an entry for $55K Misc Income. It is set to 100% taxable. The tax on that amount is not picked up by the formula you mention. The amount does show up in the column "After Tax Income" so I'd expect a tax estimate would be picked up by your formula. I'll have...
by target2019
Tue Jun 30, 2020 4:31 pm
Forum: General questions and comments
Topic: FRP Taxes (Need to Compute Taxes Paid each Year)
Replies: 11
Views: 922

Re: FRP Taxes (Need to Compute Taxes Paid each Year)

If you have After Tax Income that is sourced from Additional Inputs, I'm thinking those amounts are reduced by Income Tax before being summed.

Maybe I'm wrong?
by target2019
Fri Jan 10, 2020 9:09 pm
Forum: General questions and comments
Topic: Secure Act
Replies: 15
Views: 7143

Re: Secure Act

fyi, there's a new version of the planner that changes the default RMD start age to 72 and also allows the start age to be configured in settings. This new version number is 4.03.01 and it's available for download here: https://www.flexibleretirementplanner.com/wp/download/ (you can check your curr...
by target2019
Sun Dec 22, 2019 11:05 am
Forum: General questions and comments
Topic: Secure Act
Replies: 15
Views: 7143

Re: Secure Act

RMD would be better as configurable. Some have started RMD, and some will start RMD at 72.

I thought I could over-ride things, by setting Min IRA/401k Withdrawal Age to 72, but that is not the case.