Search found 8 matches

by Old Mike
Sun Feb 28, 2021 7:03 pm
Forum: General questions and comments
Topic: Including a Future Sale of Vacation Home
Replies: 3
Views: 264

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
by Old Mike
Sun Feb 28, 2021 4:14 pm
Forum: General questions and comments
Topic: Including a Future Sale of Vacation Home
Replies: 3
Views: 264

Including a Future Sale of Vacation Home

I'm trying to help my brother with FRP. God help me for having shown him this incredible program! He has a vacation home that he plans to sell in 2036. It is currently valued at $500k and we believe it will appreciate by 2% each year. Just to be 100% certain, I thought it was best to post a question...
by Old Mike
Fri Nov 20, 2020 12:03 pm
Forum: General questions and comments
Topic: Forecasting Medicare Part B Costs
Replies: 9
Views: 964

Re: Forecasting Medicare Part B Costs

Hmm... I feel like I'm being dense here. If the KFF estimate was $395k in 2019, then we want to inflate it to a 2025 estimate... so six years of 7% inflation (I originally wrote five years, but was wrong about this). That is then $593k of total lifetime payments for healthcare premiums and out of po...
by Old Mike
Thu Nov 19, 2020 2:31 pm
Forum: General questions and comments
Topic: Forecasting Medicare Part B Costs
Replies: 9
Views: 964

Re: Forecasting Medicare Part B Costs

I can hardly believe that with all of the information out there about retirement planning that no one is seriously giving thought to putting a number on one of the single biggest expenses in retirement. I don't think anyone can put forth a serious effort to plan for retirement without certain critic...
by Old Mike
Thu Nov 19, 2020 12:30 pm
Forum: General questions and comments
Topic: Forecasting Medicare Part B Costs
Replies: 9
Views: 964

Re: Forecasting Medicare Part B Costs

Hi Jim, Let's take the forecasting part out of my previous question and just look at how to plug a future expense into FRP. I think it was the Kaiser Family Foundation that said an average healthy couple retiring in 2019 would spend $395k in healthcare costs including premiums and out of pocket expe...
by Old Mike
Tue Nov 17, 2020 6:26 pm
Forum: General questions and comments
Topic: Forecasting Medicare Part B Costs
Replies: 9
Views: 964

Re: Forecasting Medicare Part B Costs

Thanks Jim. I did mean to suggest that I was multiplying the $289.20 by 12. Sorry about that. I don't post any more on the BH forum. The people there tend to provide too many non-answer answers. And when you get specific, they only seem to reply that everything the poster has done is wrong. I left t...
by Old Mike
Tue Nov 17, 2020 2:09 pm
Forum: General questions and comments
Topic: Forecasting Medicare Part B Costs
Replies: 9
Views: 964

Forecasting Medicare Part B Costs

Hey Jim! My wife and I are both 60 and we plan to retire at the end of next year. FRP has been a blessing for us to prepare our work force exit. I've tried to factor in as much as possible for Additional Inputs and I want to make sure I have Medicare Part B costs entered correctly. Using today's cos...
by Old Mike
Fri Aug 21, 2020 5:29 pm
Forum: General questions and comments
Topic: Inflation Adjustment Question
Replies: 7
Views: 937

Inflation Adjustment Question

I devoted time each night this week to reading FRP's FAQ pages but there is one topic that still confuses me in regard to the inflation options on the Additional Inputs tab. Does the inflation adjustment begin right away if the start year of the expense cash flow type is not immediate? For example, ...