Search found 483 matches

by jimr
Wed Apr 17, 2019 6:44 pm
Forum: General questions and comments
Topic: Expenses ... after taxes??
Replies: 1
Views: 8

Re: Expenses ... after taxes??

Most people enter tax rates into the planner and let the planner calculate taxes, which means you'd enter your expenses without adding in the taxes you expect to pay. If you'd prefer, you can zero out the tax rates and manually add taxes into your expenses. For tax rates, the planner's main input pa...
by jimr
Thu Apr 11, 2019 12:35 pm
Forum: General questions and comments
Topic: How to enter spouse 401k account info?
Replies: 6
Views: 238

Re: How to enter spouse 401k account info?

I think it'd be the other way around. Everything should be based on your spouse's age for each cashflow start or stop. So your savings cash flow starts now (spouse is 51) and ends when you're 65 (spouse is 70) - so use start age 51, end age 70 (for your savings) Spouses savings cash flow starts now ...
by jimr
Thu Apr 11, 2019 12:26 pm
Forum: General questions and comments
Topic: Deferred Annual savings - limits?
Replies: 5
Views: 25

Re: Deferred Annual savings - limits?

It sounds like you have a good understanding of how it works. The only real question is whether you want to accept the default 3% inflation rate or adjust it downward. Alternatively, you could just leave it at 3% and also set up your savings contributions so they keep up with inflation instead of us...
by jimr
Thu Apr 11, 2019 6:42 am
Forum: General questions and comments
Topic: How to enter spouse 401k account info?
Replies: 6
Views: 238

Re: How to enter spouse 401k account info?

1) On Summary View tab, enter the current age, retirement age of older spouse. 2) Assuming #1 is correct, then for Portfolio values and Savings values, enter the LARGER of the two spouses information? (I don't see anywhere else to enter annual savings or portfolio values) For portfolio values, ente...
by jimr
Wed Apr 10, 2019 11:36 pm
Forum: General questions and comments
Topic: Deferred Annual savings - limits?
Replies: 5
Views: 25

Re: Deferred Annual savings - limits?

the year-by-year detailed view table shows all amounts in today's value dollars. So an amount that stays the same from year to year is exactly tracking inflation. An amount that doesn't keep up with inflation will decrease year-to-year and an amount growing by more than inflation will increase year-...
by jimr
Wed Apr 10, 2019 9:28 pm
Forum: General questions and comments
Topic: How to enter spouse 401k account info?
Replies: 6
Views: 238

Re: How to enter spouse 401k account info?

Yeah, this was a shortcut I took when I first coded up the simulation logic and it turns out it'd be pretty complicated to unwind. Currently, the planner just models one portfolio each for tax deferred and tax free savings and it's not possible to separately track individual account balances for mul...
by jimr
Wed Apr 10, 2019 9:18 pm
Forum: General questions and comments
Topic: Deferred Annual savings - limits?
Replies: 5
Views: 25

Re: Deferred Annual savings - limits?

The simulation logic doesn't know anything about the contribution limit, so you'll want to make sure you enter an amount and a COLA rate that will keep the contribution under the limit. IIRC, the rules for this can be pretty squirrly, especially for highly compensated employees and that would be way...
by jimr
Sun Mar 17, 2019 11:13 am
Forum: Simulation mechanics, assumptions, and inputs
Topic: Standard Tax Deduction
Replies: 1
Views: 76

Re: Standard Tax Deduction

For most people, the best approach is to enter the AVERAGE tax rate (combining federal and state) that you expect to pay in retirement. The planner's tax model is very crude and doesn't understand deductions or other special tax situations. It leaves it to you to figure all that out based on your ci...
by jimr
Sat Mar 16, 2019 3:00 pm
Forum: General questions and comments
Topic: Annual Savings
Replies: 3
Views: 111

Re: Annual Savings

What you've described makes sense, but again, it's key to carefully check everything in the year-by-year detailed view. One potential gotcha is that if expenses are greater than income in any years before you hit age 60 and the program needs to pull money out of the tax deferred portfolio to cover t...
by jimr
Sat Mar 16, 2019 2:56 pm
Forum: FRP web browser applet
Topic: Text is white and hard to read
Replies: 2
Views: 69

Re: Text is white and hard to read

Thanks for posting your experience with this. It's a bummer that the themes don't properly remap the colors that the program uses. It seems like they should maintain the relative luminosity of each color through the remap, but maybe I don't understand how the themes work. At least folks having this ...