Search found 495 matches

by jimr
Wed May 22, 2019 4:33 pm
Forum: Simulation mechanics, assumptions, and inputs
Topic: Taxes on withdrawals
Replies: 6
Views: 749

Re: Taxes on withdrawals

IIRC, the issue in this case was that the "Min IRA Withdrawal Age" was set higher than the retirement age, so the "taxes" that were shown were actually the early withdrawal penalty on funds that were withdrawn before reaching the minimum withdrawal age.
by jimr
Wed May 22, 2019 6:09 am
Forum: General questions and comments
Topic: Additional Inputs: Are inputs Pv or FV?
Replies: 4
Views: 25

Re: Additional Inputs: Are inputs Pv or FV?

It sounds like you have the right idea with this. When I said "use today's value of the payment," I meant use the $12,800 amount and don't discount it yourself to $11,413 manually. I didn't word that very well. So if I understand you correctly, you already know for sure the exact dollar amount of th...
by jimr
Tue May 21, 2019 9:24 pm
Forum: General questions and comments
Topic: Additional Inputs: Are inputs Pv or FV?
Replies: 4
Views: 25

Re: Additional Inputs: Are inputs Pv or FV?

The answer depends on whether that future payment is indexed to inflation. If the payment includes a cost of living adjustment, it's probably best to use a "tracks inflation" cash flow and enter the amount in today's value dollars. With this approach, you'll notice that the cash flow amount will lik...
by jimr
Thu May 09, 2019 5:22 pm
Forum: Dealing with real world situations
Topic: How to model a home loan
Replies: 1
Views: 44

Re: How to model a home loan

First, it's essential to look at the year-by-year detailed view tab after running the planner to verify that the simulation is handling all the cash flows the way you expect. In the details view tab, you can click the "show more detail" radio button on the top right to see extra information and also...
by jimr
Mon May 06, 2019 7:14 pm
Forum: FRP standalone application
Topic: AVG reports virus in standalone MS Windows FRP .exe
Replies: 3
Views: 83

Re: AVG reports virus in standalone MS Windows FRP .exe

That makes sense. The installer definitely shouldn't indicated it's from an unknown developer and in fact that could be a sign the file was modified by malicious software somewhere between the web server and your computer, or even by a malicious program that's already running on your computer that's...
by jimr
Sun May 05, 2019 8:52 am
Forum: General questions and comments
Topic: Documentation for Detailed Table and what the headers mean
Replies: 4
Views: 68

Re: Documentation for Detailed Table and what the headers mean

The challenge with blocking extra money from going into taxable is that the money has to go somewhere and in most circumstances, depositing extra money into a Roth or tax deferred account will trigger excessive contribution penalties from the IRS. Putting any extra money, either from RMDs or because...
by jimr
Sun May 05, 2019 6:44 am
Forum: General questions and comments
Topic: Documentation for Detailed Table and what the headers mean
Replies: 4
Views: 68

Re: Documentation for Detailed Table and what the headers mean

While it doesn't provide column by column descriptions for the detailed view table, the information on the "Planner Output" docs page might be helpful: https://www.flexibleretirementplanner.com/wp/documentation/planner-output/ Aside from that, there isn't a complete column-by-column description of t...
by jimr
Fri May 03, 2019 2:44 pm
Forum: General questions and comments
Topic: Taxable Portfolio Value
Replies: 3
Views: 53

Re: Taxable Portfolio Value

I think that makes sense. Usually a checking account wouldn't be worth including in the taxable portfolio since the balance is usually relatively small. However, if you're keeping a relatively large checking balance it's probably good to include it in taxable.
by jimr
Fri May 03, 2019 8:33 am
Forum: General questions and comments
Topic: Taxable Portfolio Value
Replies: 3
Views: 53

Re: Taxable Portfolio Value

Generally, there are three ways that the taxable portfolio can get additional funding during retirement. The first is by direct contributions using the taxable savings cash flow. The next is due to RMDs that are automatically deducted from tax deferred starting at age 70, and the final way is if inc...
by jimr
Thu May 02, 2019 1:39 pm
Forum: FRP standalone application
Topic: AVG reports virus in standalone MS Windows FRP .exe
Replies: 3
Views: 83

Re: AVG reports virus in standalone MS Windows FRP .exe

It sounds like a false positive, but there are a couple of things you can do to double check. 1) Upload the downloaded installer exe file to https://www.virustotal.com and have them do a free scan. If the scan looks good, that's a good indication that the file is fine. I just did a quick check mysel...