Search found 750 matches

by jimr
Thu Jul 14, 2022 6:54 pm
Forum: General questions and comments
Topic: Effective Tax Rate - It Changes Each Year Doesn't It?
Replies: 2
Views: 219

Re: Effective Tax Rate - It Changes Each Year Doesn't It?

The only thing I can think of is to use the upper table in additional inputs to create 5 or 6 tax rate entries that cover maybe 5 years each. So each would be set up with an end year that's 5 years after the start year and a rate that's the average expected over the 5 years the entry covers. I sugge...
by jimr
Sun Jul 10, 2022 7:13 am
Forum: General questions and comments
Topic: Additional inputs- How have you modeled negative return scenarios?
Replies: 2
Views: 272

Re: Additional inputs- How have you modeled negative return scenarios?

The key thing to understand about the Monte Carlo approach is that because the simulation runs many paths through your retirement (10,000 actually) it's not possible to show every single data point from every year. What you see in the results is a highly summarized view of those 10,000 individual pa...
by jimr
Sun Jul 10, 2022 6:59 am
Forum: General questions and comments
Topic: Savings Input
Replies: 4
Views: 1782

Re: Savings Input

Hi John, Thanks for the input on this. One workaround you might try is to handle the cash part of the portfolio and associated withdrawals outside of the planner. The idea is roughly similar to purchasing a fixed immediate annuity using a lump sum. With this approach, you pay a preset lump sum up fr...
by jimr
Sun May 29, 2022 2:12 pm
Forum: General questions and comments
Topic: Saving A Scenerio
Replies: 2
Views: 1126

Re: Saving A Scenerio

Also, just to clarify, all scenarios are saved together in the same data file. The program doesn't have the ability to save individual scenarios separately.
by jimr
Sun May 29, 2022 2:10 pm
Forum: General questions and comments
Topic: Saving A Scenerio
Replies: 2
Views: 1126

Re: Saving A Scenerio

First, you are using a somewhat older version, although that shouldn't matter for this issue. You can get the latest version here: https://www.flexibleretirementplanner.com/wp/download/ If you are using a Mac, the problem is most likely a Mac permissions issue. Many users have reported various issue...
by jimr
Sun Mar 27, 2022 10:45 pm
Forum: General questions and comments
Topic: Additional inputs question
Replies: 2
Views: 1359

Re: Additional inputs question

You can copy all the values of the selected row over to the input section by clicking the edit button on the right hand side of the window.
by jimr
Mon Mar 21, 2022 11:21 pm
Forum: General questions and comments
Topic: Taxable Dividend Payments
Replies: 1
Views: 1073

Re: Taxable Dividend Payments

The planner doesn't break out dividends and capital gains separately, they're combined in the average return and standard deviation inputs and these gains are taxed at the investment tax rate.

Entering dividends separately as an additional inputs cash flow would end up double counting them.
by jimr
Fri Mar 11, 2022 3:55 pm
Forum: General questions and comments
Topic: Social Security Taxable Amount
Replies: 1
Views: 1142

Re: Social Security Taxable Amount

It sounds like you understand the gist of how the "taxable percent" parameter works, which is what most people get tripped up on (many think that's the tax rate on the cash flow). Based on what you described, it does sound like a 40% taxable percent would probably be the most appropriate. ...
by jimr
Sat Mar 05, 2022 3:13 pm
Forum: General questions and comments
Topic: Calculation error?
Replies: 2
Views: 1325

Re: Calculation error?

The taxable percent parameter isn't a tax rate. Rather, it's the percent of the cash flow that's subject to taxes.

So the total amount of taxes deducted from the cash flow = cash flow amount x taxable percent x income tax rate.
by jimr
Thu Mar 03, 2022 7:28 am
Forum: Problems installing and running the program
Topic: How to resolve Mac File Open or Save Issues
Replies: 5
Views: 2559

Re: How to resolve Mac File Open or Save Issues

I may need to update the doc to suggest using the direct run approach as the preferred method. jnlp was supposed to be more user friendly but apparently it no longer is on a mac.

Thanks again for posting your experiences.

Jim