Search found 17 matches
- Sun Jul 17, 2022 12:07 pm
- Forum: General questions and comments
- Topic: Effective Tax Rate - It Changes Each Year Doesn't It?
- Replies: 2
- Views: 6743
Re: Effective Tax Rate - It Changes Each Year Doesn't It?
Thank you Jim. Much appreciated.
- Thu Jul 14, 2022 5:06 pm
- Forum: General questions and comments
- Topic: Effective Tax Rate - It Changes Each Year Doesn't It?
- Replies: 2
- Views: 6743
Effective Tax Rate - It Changes Each Year Doesn't It?
I've been playing around with the income tax rate a bit in an FRP scenario built for my co-worker. Since 95% of his nest egg is in a tax deferred account, I found that even small changes in the income tax field tend to have a large impact on his success rate. But then I started playing around with a...
- Mon Apr 25, 2022 4:23 pm
- Forum: General questions and comments
- Topic: Here is what I find amazing...
- Replies: 6
- Views: 109027
Here is what I find amazing...
The FRP software has been helpful to me beyond words. After several years of use, I can confidently say it is the best planning tool available and we're all incredibly lucky that Jim made it available to DIY guys and gals. And more so, that he supports it as wonderfully as he does. I'm a reasonably ...
- Sun Dec 19, 2021 12:36 pm
- Forum: General questions and comments
- Topic: Annual Retirement Spending
- Replies: 2
- Views: 8034
Re: Annual Retirement Spending
Yeah, I know what you mean about not wanting to mess around with something that isn't broken. I wholehearted agree. You're right about using an another entry in Additional Inputs. That will work. I guess I was looking for the path of least clicking. I can't believe this software hasn't received any ...
- Sat Dec 18, 2021 12:30 pm
- Forum: General questions and comments
- Topic: Annual Retirement Spending
- Replies: 2
- Views: 8034
Annual Retirement Spending
Hey Jim, Let me start off by saying (as I have in the past) that FRP is simply the most valuable tool I have in my financial plan. I have modeled more than 50 different scenarios which each black swan event I can think of. Whenever I read of some new fear that investors should supposedly worry about...
- Sat Aug 07, 2021 3:18 pm
- Forum: General questions and comments
- Topic: Roth Set Up Instructions
- Replies: 1
- Views: 7967
Roth Set Up Instructions
Hey Jim - Thank you for putting Roth conversions into FRP. This tool just keeps getting better. Do you have any instructions written up regarding the proper use of the Roth Conversions input? I'm playing around with it but unsure of how to set it up correctly. I'm assuming the taxable amount should ...
- Thu Jul 15, 2021 3:05 pm
- Forum: General questions and comments
- Topic: Correct Entry Amount for Social Security
- Replies: 4
- Views: 10856
Re: Correct Entry Amount for Social Security
Yeah... I ran it both ways. I like running it better through the Additional Inputs window since it gives the ability to tweak it the taxes.
Thank you Jim for the great support and incredible software.
Thank you Jim for the great support and incredible software.
- Thu Jul 15, 2021 2:00 pm
- Forum: General questions and comments
- Topic: Correct Entry Amount for Social Security
- Replies: 4
- Views: 10856
Re: Correct Entry Amount for Social Security
Thanks Jim. I'm actually going to reduce the SS cash flow by 25% which seems to be a decent fail-safe percentage based on what I've read. Not sure how SS will handle future COLA's though. You wrote "and entering as a "Tracks Inflation" cash flow should be right" ... I'm entering ...
- Thu Jul 15, 2021 11:03 am
- Forum: General questions and comments
- Topic: Correct Entry Amount for Social Security
- Replies: 4
- Views: 10856
Correct Entry Amount for Social Security
Let's say I'm 52 and my most recent SS statement says that if I retire at 52 and collect SS at 62, then my monthly payment will be $1,493. I think this amount in today's dollars (not dollars 10 years from now). For FRP, I am guessing that I should just enter $17,916 (12 x $1,493) into the Annual Ret...
- Sun Feb 28, 2021 7:03 pm
- Forum: General questions and comments
- Topic: Including a Future Sale of Vacation Home
- Replies: 3
- Views: 9535
Re: Including a Future Sale of Vacation Home
Hey Jim,
Yup. Just checked it by messing with inflation and yeah... we get $500k if inflation is the same as the COLA on the house.
Thank you for the support and for this incredible program.
Mike
Yup. Just checked it by messing with inflation and yeah... we get $500k if inflation is the same as the COLA on the house.
Thank you for the support and for this incredible program.
Mike