Search found 33 matches

by FRPJunkie
Mon Aug 05, 2019 11:33 am
Forum: General questions and comments
Topic: How tax rates are applied - Additional Inputs section
Replies: 4
Views: 5002

Re: How tax rates are applied - Additional Inputs section

All makes sense! Thanks for the speedy reply!
by FRPJunkie
Mon Aug 05, 2019 11:20 am
Forum: General questions and comments
Topic: How tax rates are applied - Additional Inputs section
Replies: 4
Views: 5002

Re: How tax rates are applied - Additional Inputs section

From what you describe, it sounds like your understanding of how this should work is correct and what you're seeing is confusing to me too. Unfortunately, I'm not able to reproduce the result you're seeing based on what you've described. I started with a new plan, changed the tax rates and inflatio...
by FRPJunkie
Mon Aug 05, 2019 10:51 am
Forum: General questions and comments
Topic: How tax rates are applied - Additional Inputs section
Replies: 4
Views: 5002

How tax rates are applied - Additional Inputs section

I'm confused by how tax rates are applied, the order, and the nomenclature with respect to a pension. On the main planner page, under Income Tax Rate, I have entered 15%. I assume that this rate is applied to any entries that are added on the Additional Inputs section that are considered Income (suc...
by FRPJunkie
Mon Feb 19, 2018 8:43 am
Forum: Problems installing and running the program
Topic: Error msg when planner launches
Replies: 2
Views: 4827

Re: Error msg when planner launches

That sounds like a problem with the .frp input file. The error could be in the default scenario or it could be in another scenario that isn't active, which might make it tough to see. Try doing a save-as of the current data file, which will reset the default input file to the newly 'saved' file. An...
by FRPJunkie
Mon Feb 19, 2018 7:46 am
Forum: Problems installing and running the program
Topic: Error msg when planner launches
Replies: 2
Views: 4827

Error msg when planner launches

I am getting an error box (the one with the exclamation point) each time I launch the planner. The box says "Invalid User Input" and the message in the box reads: "Unable to Parse Value for Portfolio Return (Std Dev) Min Data Entered: .-25" If I then click "OK" the planner launches normally. What's ...
by FRPJunkie
Fri Sep 22, 2017 5:36 pm
Forum: General questions and comments
Topic: help: odd income jump
Replies: 8
Views: 3921

Re: help: odd income jump

jimr wrote:Actually, the tax rates are used as average rates.

So that means all withdrawals from tax deferred get taxed at the same rate.
Ok, thanks. Better to be conservative I guess!
by FRPJunkie
Fri Sep 22, 2017 5:09 pm
Forum: General questions and comments
Topic: help: odd income jump
Replies: 8
Views: 3921

Re: help: odd income jump

Sounds like it. As an fyi, withdrawals from tax deferred are taxed at the income tax rate not the investment tax rate. The investment tax rate applies only to the taxable portfolio. It's used inside the simulation to deduct taxes from portfolio gains before adding the gains back into the portfolio....
by FRPJunkie
Fri Sep 22, 2017 4:52 pm
Forum: General questions and comments
Topic: help: odd income jump
Replies: 8
Views: 3921

Re: help: odd income jump

Do you have balances in the taxable and/or tax free portfolios? The default withdrawal order is taxable, tax deferred, tax free. Basically, all withdrawals are taken from taxable until that portfolio is depleted, then all withdrawals are from tax deferred, then once that's depleted, all withdrawals...
by FRPJunkie
Fri Sep 22, 2017 4:39 pm
Forum: General questions and comments
Topic: help: odd income jump
Replies: 8
Views: 3921

Re: help: odd income jump

It's tough to guess what could be happening without seeing all the inputs, but I wonder if taxes on portfolio withdrawals could be the culprit. Investment gains on the taxable portfolio are taxed as they happen, so no taxes are due on withdrawals from the taxable portfolio. The same is true for wit...
by FRPJunkie
Fri Sep 22, 2017 1:13 pm
Forum: General questions and comments
Topic: help: odd income jump
Replies: 8
Views: 3921

help: odd income jump

I have the planner set to spend 150,000 in "Annual Retirement Spending" and "Conservative" in the drop down. In year 3 of retirement, the planner shows $56, 320 in pension income and a median portfolio withdrawal of $109,951, for a total of $166,270. In year 4, for no apparent reason, the median por...