Search found 725 matches

by jimr
Fri Sep 03, 2021 6:44 am
Forum: General questions and comments
Topic: Roth 401k RMD
Replies: 1
Views: 86

Re: Roth 401k RMD

As I understand it, most people roll their Roth 401k into a Roth IRA to avoid RMDs. If that's not viable in your case, you may be able to fudge it by setting the income tax rate to zero and handling taxes on other income by manually computing and deducting taxes prior to entering the cash flow amoun...
by jimr
Tue Aug 31, 2021 6:22 am
Forum: General questions and comments
Topic: Is it possible to add a notes field to scenarios?
Replies: 2
Views: 124

Re: Is it possible to add a notes field to scenarios?

Adding a notes field to scenarios wouldn't be a trivial change because of the GUI work, but it's certainly doable.

I can't make any promises about when or if this might get done, but I did make a note to consider it if I'm working in that part of the code in the future.

Jim
by jimr
Sun Aug 22, 2021 12:06 pm
Forum: General questions and comments
Topic: Annual Retirement Income
Replies: 2
Views: 175

Re: Annual Retirement Income

This input is intended as a short-hand way for people who want to quickly run a plan without entering too much detail. It's equivalent to adding a "Misc Income" entry in additional inputs with a start age of "Retirement Age," an end age of "End of Plan," a taxable perce...
by jimr
Tue Aug 17, 2021 6:44 pm
Forum: General questions and comments
Topic: Save to print on another printer
Replies: 2
Views: 139

Re: Save to print on another printer

Most computers now have pdf "printer" installed by default. Although this looks like a printer in the print dialogue, when you print to the pdf printer, it creates a pdf file of the output and you can save the file on your computer. On windows, you an select either "save to pdf" ...
by jimr
Sun Aug 15, 2021 9:10 am
Forum: Announcements
Topic: FRP version 4.4 released with ROTH Conversions and new RMD Tables
Replies: 0
Views: 193

FRP version 4.4 released with ROTH Conversions and new RMD Tables

Download Page: https://www.flexibleretirementplanner.com/wp/download/ 04.04.01 - Added support for ROTH conversion cashflow type in Additional Inputs. - Updated IRS Uniform Lifetime Table for RMDs from 2002 version to 2022 version. - Added option to withdraw from tax deferred portfolio first. - Adde...
by jimr
Sat Aug 07, 2021 6:50 pm
Forum: General questions and comments
Topic: Roth Set Up Instructions
Replies: 1
Views: 275

Re: Roth Set Up Instructions

The taxable percent depends on your IRA's tax basis. As I understand the tax rules, if you're IRA contains some after-tax contributions, some percent of your rollover won't be taxable. So in that case the percent would be less than 100%. For COLA, you could probably enter it either way depending on ...
by jimr
Sun Jul 18, 2021 4:01 pm
Forum: General questions and comments
Topic: Order for Withdrawals
Replies: 7
Views: 793

Re: Order for Withdrawals

What you've noticed is basically by design. The withdrawal logic isn't smart enough to do that sort of real-time tax optimization and I'm reluctant to add more twists to that code because it's already very delicate. (it's over 15 years old now). Depending on how many years of expenses you have befor...
by jimr
Thu Jul 15, 2021 2:42 pm
Forum: General questions and comments
Topic: Correct Entry Amount for Social Security
Replies: 4
Views: 476

Re: Correct Entry Amount for Social Security

Yes. That's corret. The Retirement Income input uses an implicit cola type of tracks inflation and also is assumed to be 100% taxable. You can verify this in the detailed view tab by checking the after tax income column. Assuming that's the only income cash flow, you should see this staying steady f...
by jimr
Thu Jul 15, 2021 1:38 pm
Forum: General questions and comments
Topic: Correct Entry Amount for Social Security
Replies: 4
Views: 476

Re: Correct Entry Amount for Social Security

That sounds right to me and yes, FRP will automatically adjust the cash flow amount between now and when the cash flow starts. As I understand it, the SS estimates are shown in today's value dollars and the payment amount will be COLA'd between now and when you start receiving it. So entering the ca...
by jimr
Tue Jul 06, 2021 5:35 pm
Forum: Problems installing and running the program
Topic: Upgrade most recent version will not open
Replies: 9
Views: 840

Re: Upgrade most recent version will not open

Thanks for following up and I'm glad you got it working. Sorry for all the hassle with it.

Jim