Search found 832 matches

by jimr
Mon Jun 10, 2024 6:12 am
Forum: General questions and comments
Topic: RMD & IRMAA
Replies: 2
Views: 64

Re: RMD & IRMAA

Unfortunately, there isn't any way to do this automatically. You may be able to get a rough approximation of the extra expense by adjusting the income tax rate upwards to account for the extra costs that will be incurred when RMDs are higher, but it'd be a very rough estimate at best. Another approa...
by jimr
Wed Jun 05, 2024 6:53 am
Forum: General questions and comments
Topic: Sensitivity analysis results vs. main simulation results
Replies: 7
Views: 378

Re: Sensitivity analysis results vs. main simulation results

Do you have any entries in the top window of additional inputs? Either way, I'm happy to take a look at what's going on with your setup if you email the .frp file to info@flexibleretirementplanner.com. IMPORTANT: PLEASE DON'T EMAIL A .FRP FILE THAT CONTAINS YOUR PERSONAL FINANCIAL INFORMATION. BEFOR...
by jimr
Tue Jun 04, 2024 1:44 pm
Forum: General questions and comments
Topic: Sensitivity analysis results vs. main simulation results
Replies: 7
Views: 378

Re: Sensitivity analysis results vs. main simulation results

The general idea with sensitivity analysis is to test out wide variations inn two of your planner input parameters. The default is to vary expenses and rate of return. The upper and lower bounds you set for each of these two varying inputs is up to you depending on how you're thinking about your pla...
by jimr
Sun Jun 02, 2024 9:58 pm
Forum: General questions and comments
Topic: Sensitivity analysis results vs. main simulation results
Replies: 7
Views: 378

Re: Sensitivity analysis results vs. main simulation results

You can use additional inputs with sensitivity analysis, but you just have to take into account any conflicts between what you've set up in additional inputs and the parameters sensitivity analysis is varying. Based on what you've described, I think you could leave all the income cash flows as is in...
by jimr
Sun Jun 02, 2024 8:10 pm
Forum: General questions and comments
Topic: Sensitivity analysis results vs. main simulation results
Replies: 7
Views: 378

Re: Sensitivity analysis results vs. main simulation results

The sensitivity analysis feature uses the regular simulation code, so the issue has to be something to do with planner inputs. Do you have anything set up in Additional Inputs? Additional Inputs settings get layered in on top of whatever settings are used in the main sensitivity analysis window. Tha...
by jimr
Sun Jun 02, 2024 12:57 pm
Forum: General questions and comments
Topic: minimum % of expenses to fund
Replies: 2
Views: 166

Re: minimum % of expenses to fund

Yeah, this is admittedly confusing. The answer has to do with the logic that controls the color of the stop light: From the documentation: https://www.flexibleretirementplanner.com/wp/documentation/planner-output In order to get a green light, the simulation must end with a positive portfolio balanc...
by jimr
Mon May 27, 2024 3:32 pm
Forum: General questions and comments
Topic: Bug or misunderstanding: Taxable / TaxFree Portf.
Replies: 3
Views: 735

Re: Bug or misunderstanding: Taxable / TaxFree Portf.

Glad to hear it worked. Thanks for posting because this is something that could easily trip up other early retirees.
by jimr
Mon May 27, 2024 10:58 am
Forum: General questions and comments
Topic: Bug or misunderstanding: Taxable / TaxFree Portf.
Replies: 3
Views: 735

Re: Bug or misunderstanding: Taxable / TaxFree Portf.

My guess is that the difference has to do with penalties on early withdrawals from the tax free portfolio. From the screenshot, it looks like you're set up to retire at 55. By default, any tax deferred or tax free withdrawals made before age 60 are subject to a penalty. You can configure the penalty...
by jimr
Thu Apr 11, 2024 8:49 am
Forum: General questions and comments
Topic: Error: Retirement Age Less than Current Age
Replies: 1
Views: 465

Re: Error: Retirement Age Less than Current Age

I can understand that it might be better to be able to show your actual retirement age with that input. However, the simulation doesn't know about years that have already passed and that's why it's saying the retirement age can't be less than current age. The technical reason this check was added is...
by jimr
Sat Apr 06, 2024 10:00 am
Forum: General questions and comments
Topic: Annual Retirement Spending/Inflation
Replies: 2
Views: 629

Re: Annual Retirement Spending/Inflation

The planner begins adjusting all amounts for inflation from the start of the plan, not from the start of retirement. So there's no need for any manual inflation adjustments.