Search found 514 matches

by jimr
Sat Sep 07, 2019 12:22 pm
Forum: General questions and comments
Topic: Transfer data to new computer?
Replies: 2
Views: 33

Re: Transfer data to new computer?

The Java WebStart applet version of the program doesn't save data, but I'm assuming you mean the downloaded standalone version of the program and not the applet. If that's the case, you just need to find the folder where you saved your .frp files. If you're unsure, try doing a save-as on the old com...
by jimr
Sun Sep 01, 2019 6:55 am
Forum: Dealing with real world situations
Topic: Taxes against contribution or drawdown against tax related cashflow types
Replies: 1
Views: 40

Re: Taxes against contribution or drawdown against tax related cashflow types

Yes. That sounds right. The negative savings cash flow "feature" is really sort of a hack that comes with the caveat that the user is responsible for manually handling taxes due and any early withdrawal penalties. Originally, there was a check in that logic that prevented users from entering negativ...
by jimr
Fri Aug 09, 2019 5:24 pm
Forum: General questions and comments
Topic: Québec résident
Replies: 2
Views: 201

Re: Québec résident

The program was made with the US tax system in mind, however I've heard from several Canadians who have successfully used the program. The key thing is to make adjustments for differences between Canadian tax laws and US laws. One definite consideration is to understand how the program handles taxes...
by jimr
Mon Aug 05, 2019 1:29 pm
Forum: General questions and comments
Topic: Median Portfolio Value
Replies: 7
Views: 245

Re: Median Portfolio Value

With the standard deviation set to 0, the numbers should perfectly add up except for very slight differences from rounding errors. From what you've described, it sounds like you may be there already and you can now explain everything you're seeing completely. If that's not the case, I'd be happy to ...
by jimr
Mon Aug 05, 2019 11:31 am
Forum: Simulation mechanics, assumptions, and inputs
Topic: How tax rates are applied - Additional Inputs section
Replies: 4
Views: 258

Re: How tax rates are applied - Additional Inputs section

I'm glad you found it. The "Income Tax Rate" should be your effective or average tax rate and not your marginal rate. Giving you an average tax rate input that can be varied from year to year in additional inputs (upper table) basically hands the problem of estimating taxes over to you. The planner'...
by jimr
Mon Aug 05, 2019 11:14 am
Forum: Simulation mechanics, assumptions, and inputs
Topic: How tax rates are applied - Additional Inputs section
Replies: 4
Views: 258

Re: How tax rates are applied - Additional Inputs section

From what you describe, it sounds like your understanding of how this should work is correct and what you're seeing is confusing to me too. Unfortunately, I'm not able to reproduce the result you're seeing based on what you've described. I started with a new plan, changed the tax rates and inflation...
by jimr
Sun Aug 04, 2019 5:11 pm
Forum: General questions and comments
Topic: Median Portfolio Value
Replies: 7
Views: 245

Re: Median Portfolio Value

Wait. I steered you wrong. It looks like you have to click the "Show More Detail" radio button before you select "show all columns". This is a quirk in the way I implemented that view. There are actually two completely separate table objects being used and when you show all columns for the "Show Les...
by jimr
Sun Aug 04, 2019 5:03 pm
Forum: General questions and comments
Topic: Median Portfolio Value
Replies: 7
Views: 245

Re: Median Portfolio Value

Since you're seeing the issue starting at age 70, RMDs seem like a good candidate for suspicion. There should be a column for RMDs as well as one for taxes on RMDs as long as you've clicked the show more detail radio button on the top right of the screen. If expenses are less than income, then RMDs ...
by jimr
Thu Aug 01, 2019 7:12 pm
Forum: General questions and comments
Topic: Median Portfolio Value
Replies: 7
Views: 245

Re: Median Portfolio Value

The 3% growth and 3% inflation should almost cancel each other out, however if any part of the portfolio is taxable, the taxes due on portfolio gains could be a factor. If you haven't already done this, I'd suggest looking at the detailed view tab and selecting the show more detail radio button on t...
by jimr
Mon Jul 22, 2019 8:00 pm
Forum: Simulation mechanics, assumptions, and inputs
Topic: Rate of Return on Portfolio Value
Replies: 4
Views: 181

Re: Rate of Return on Portfolio Value

Sorry, I skipped part of the explanation when you first asked your question. I explained half of what you're seeing, but I left out half. What you're seeing has to do with how the simulation handles the timing of various cash flow types. Logically, expenses are deducted from the portfolio on the fir...