Search found 767 matches

by jimr
Thu Jan 26, 2023 6:09 pm
Forum: General questions and comments
Topic: Annual Retirement Spending / Taxes / Dividends
Replies: 6
Views: 61

Re: Annual Retirement Spending / Taxes / Dividends

As I understand it, some people make non-deductible IRA contributions and that means their iRA will have a basis other than zero. Also, in general the taxable percent input can be used to adjust the effective tax rate on specific cash flows without changing the main "income tax rate" input.
by jimr
Thu Jan 26, 2023 4:54 pm
Forum: General questions and comments
Topic: Annual Retirement Spending / Taxes / Dividends
Replies: 6
Views: 61

Re: Annual Retirement Spending / Taxes / Dividends

With Roth Conversions, the input there isn't a tax rate, but rather a taxable percent.

The taxable percent input specifies how much of the roth conversion amount should be taxed at the income tax rate. This is the same way the taxable percent input works with "income" type cash flows.
by jimr
Thu Jan 26, 2023 8:48 am
Forum: General questions and comments
Topic: Here is what I find amazing...
Replies: 5
Views: 2045

Re: Here is what I find amazing...

Thanks for the comment and for the feature suggestion. I haven't been doing very much new development on the software lately, but I did make a note of it just in case I decide to dig into that code again in the future.

Jim
by jimr
Wed Jan 25, 2023 8:41 am
Forum: General questions and comments
Topic: Annual Retirement Spending / Taxes / Dividends
Replies: 6
Views: 61

Re: Annual Retirement Spending / Taxes / Dividends

Question 1 is about Annual Retirement Spending and Taxes: let's assume that I set the Annual Retirement Spending at 100,000. The taxes on income and investment are set at 10%. Question: is the Annual Retirement Spending always after taxes? In other words will those 100,000 be fully available to me ...
by jimr
Tue Jan 24, 2023 6:02 pm
Forum: General questions and comments
Topic: Documentation explaining how column values are derived
Replies: 1
Views: 24

Re: Documentation explaining how column values are derived

The outputs section of the documentation is basically what's available. A rundown with a basic description for each column would likely be helpful, but unfortunately I've never gotten to it. Really, most of the questions I get about the columns tend to be more about simulation subtleties and also ab...
by jimr
Fri Jan 20, 2023 9:49 am
Forum: General questions and comments
Topic: understanding "Income Tax Rate" and "Taxable Percent"
Replies: 5
Views: 118

Re: understanding "Income Tax Rate" and "Taxable Percent"

Our pension is untaxed at the state level (though it is taxed federally) so that alone is a reduction... This is a good example of a case where it may make sense to adjust the taxable percent on that income stream to account for the lack of state taxes. If your combined average federal and state ra...
by jimr
Thu Jan 19, 2023 11:50 pm
Forum: General questions and comments
Topic: understanding "Income Tax Rate" and "Taxable Percent"
Replies: 5
Views: 118

Re: understanding "Income Tax Rate" and "Taxable Percent"

Right, I understand. But that does not account for the standard deduction (or other deductions or non-taxable income), in this case $27k (rounded). If we set the taxable percent to 100%, and the income tax rate to...whatever, that will give a false amount of tax due, won't it? For example if we say...
by jimr
Thu Jan 19, 2023 2:06 pm
Forum: General questions and comments
Topic: understanding "Income Tax Rate" and "Taxable Percent"
Replies: 5
Views: 118

Re: understanding "Income Tax Rate" and "Taxable Percent"

The taxable percent is the percent of the income that is subject to taxation. The income amount is multiplied by the taxable percent, then the result is multiplied by the tax rate to calculate the taxes due on the income. The taxes due amount is subtracted from the income to determine the net income...
by jimr
Wed Jan 18, 2023 4:11 pm
Forum: General questions and comments
Topic: Additional tools question, specifically about Bond Portfolio Spreadsheet
Replies: 2
Views: 63

Re: Additional tools question, specifically about Bond Portfolio Spreadsheet

I'm glad to hear you have found that spreadsheet useful over the years. I created that spreadsheet over 15 years ago and unfortunately my Excel skills have atrophied quite a bit since then. I don't have any plans to actively maintain or improve the spreadsheets on that page, though I will continue t...
by jimr
Sun Jan 15, 2023 11:32 pm
Forum: General questions and comments
Topic: How to add in lump sum assets later
Replies: 3
Views: 7998

Re: How to add in lump sum assets later

The "taxable savings" cashflow is shorthand for "contribution to the taxable portfolio." The contribution itself isn't considered to be subject to taxes. For that cashflow type, the taxable percent field is grayed out because it's not applicable. All amounts in the detailed view ...