Search found 6 matches

by kyounge1956
Sat Oct 01, 2011 3:01 pm
Forum: General questions and comments
Topic: What tax rate to use?
Replies: 3
Views: 5293

Re: What tax rate to use?

What you've done with estimating the income tax rate sounds reasonable. It's always a pretty rough guess, but the more work you do on the estimate, the better it should be. The default at 20% was a rough guess that included state income tax. Thanks for the quick answer. Just to make sure I have thi...
by kyounge1956
Sat Oct 01, 2011 4:37 am
Forum: General questions and comments
Topic: What tax rate to use?
Replies: 3
Views: 5293

What tax rate to use?

I volunteered to demo a retirement calculator for an employee group, and I'm planning on showing frp, but I'm confused about what tax rate to use. The way I have figured out my own budget is to estimate the gross income I will need after retirement to pay all my expenses including taxes. I estimated...
by kyounge1956
Fri Jul 24, 2009 12:42 pm
Forum: General questions and comments
Topic: Pre retirement savings
Replies: 8
Views: 10108

Re: Pre retirement savings

Hello again, The general methodology that you've described for how you "inflated" your 2004 expenses sounds reasonable to me. In general, you should put all values into the planner in "today's value" dollars, so as you indicated, you'd put the same value in for expenses whether you retire in three ...
by kyounge1956
Wed Sep 10, 2008 11:56 pm
Forum: General questions and comments
Topic: Pre retirement savings
Replies: 8
Views: 10108

Re: Pre retirement savings

I think I am still doing something wrong. Here is the general picture. My employer has a defined benefit pension (described above). I am currently saving in both a tax deferred plan at work and a Roth IRA. When I retire, I plan to sell my current residence, move somewhere less expensive, and add the...
by kyounge1956
Tue Sep 09, 2008 2:49 am
Forum: General questions and comments
Topic: Pre retirement savings
Replies: 8
Views: 10108

Re: Pre retirement savings

I get confused converting everything to today's dollars :? I was going to ask if the amounts (for contributions to my tax-deferred plan and my Roth) should get larger or smaller, but I see you have answered that above. But if you're taking requests for future versions, how about "no COLA" versions o...
by kyounge1956
Sat Sep 06, 2008 5:18 pm
Forum: General questions and comments
Topic: Pre retirement savings
Replies: 8
Views: 10108

Re: Pre retirement savings

Thanks. Just to make sure I understand what I am seeing on the screen, does the thin black line in the graph represent the number of portfolios that were exhausted in a given year? I am viewing the results as "show failures (number of times money ran out)". Also, I have another unusual factor to tak...