Search found 824 matches
- Wed Jan 10, 2024 12:51 pm
- Forum: General questions and comments
- Topic: Using FRP During Retirement
- Replies: 9
- Views: 86508
Re: Using FRP During Retirement
Hello, People have different ideas about how best to track their progress over time. I'm not in a position to give personalized financial planning advice, but I can tell you what I do myself. Of course, nothing I say should be taken as financial planning advice. You'll need to do your own due dilige...
- Mon Jan 08, 2024 3:31 pm
- Forum: General questions and comments
- Topic: Add parameter for start date
- Replies: 4
- Views: 94040
Re: Add parameter for start date
Ok. Now I think I've got it. I can't promise anything, but it would be a simple change. I made a note to look at it for the next release which should be coming in the next couple of months (it will have just one or two very minor updates).
Jim
Jim
- Sun Jan 07, 2024 8:00 pm
- Forum: General questions and comments
- Topic: Add parameter for start date
- Replies: 4
- Views: 94040
Re: Add parameter for start date
Hi Nick,
I'm not quite getting what you're trying to do here. Are you keeping the current age input (on the main page) fixed at the age when you retired (eg 61)?
Jim
I'm not quite getting what you're trying to do here. Are you keeping the current age input (on the main page) fixed at the age when you retired (eg 61)?
Jim
- Sat Dec 30, 2023 3:31 pm
- Forum: General questions and comments
- Topic: cash, gold, crypto, real estate, cars
- Replies: 1
- Views: 72765
Re: cash, gold, crypto, real estate, cars
For what you'd like to do, it may be possible for you to get some insights using this tool, but it's tough to say. What you're trying to do is definitely not part of what the tool was designed to handle so it may make sense to look for other options. If you decide to tinker some, this would definite...
- Fri Dec 15, 2023 8:18 am
- Forum: General questions and comments
- Topic: understanding "Income Tax Rate" and "Taxable Percent"
- Replies: 10
- Views: 228909
Re: understanding "Income Tax Rate" and "Taxable Percent"
FRP's tax model is intentionally oversimplified and its goal is to just roughly estimate the impact of taxes on your plan. The tax rates it uses are intended to be average tax rates that are typically calculated by dividing total taxes paid by gross income from taxable sources The planner does allow...
- Sun Dec 10, 2023 3:00 pm
- Forum: General questions and comments
- Topic: Clarifying Inflation on Expenses
- Replies: 1
- Views: 78633
Re: Clarifying Inflation on Expenses
If you set a value for inflation on the main page, it will apply to all years of your plan. So there isn't a need to enter it in additional inputs, unless you want the rate to be different in some years. You can verify that the inputs are what you expect in the detailed view table after you click ru...
- Tue Dec 05, 2023 12:03 pm
- Forum: General questions and comments
- Topic: Variable Tax Rate
- Replies: 4
- Views: 105715
Re: Variable Tax Rate
Making adjustments to tax rates in additional inputs may add more fidelity to your plan as long as you can make decent estimates of your true average tax rates under the various circumstances. There's probably a good risk of falling into a trap where the risk of estimation errors is greater than the...
- Tue Nov 28, 2023 8:25 am
- Forum: General questions and comments
- Topic: Secure 2.0 Act Updates to RMD Timing
- Replies: 1
- Views: 76504
Re: Secure 2.0 Act Updates to RMD Timing
Hello and thanks for your question. The latest version of the planner is 04.04.01 and it uses the new 2022 IRS distribution table for RMDs as defined by the SECURE Act. It also lets you configure RMD Start Age in settings, so you can set it to whatever value fits your situation best. You can check y...
- Sat Oct 21, 2023 5:24 pm
- Forum: General questions and comments
- Topic: Current dollar portfolio and current dollar expenses
- Replies: 3
- Views: 142154
Re: Current dollar portfolio and current dollar expenses
Re: Portfolio value, the simulation shows today's mean portfolio value and the mean portfolio value in any given future year on a comparable basis in current dollar, i.e., the both today's and any future mean portfolio value represent accumulated wealth in terms of today's purchasing power (subject...
- Tue Oct 03, 2023 10:38 pm
- Forum: General questions and comments
- Topic: Variable Tax Rate
- Replies: 4
- Views: 105715
Re: Variable Tax Rate
These can also be set in additional inputs in the rate able (rate table is on top, cash flow table is on the bottom).