Maximum life expectancy/RMD age/Tax rates
Posted: Sun Nov 11, 2018 6:05 pm
Hi,
Just came across your tool - it looks great compared with other tools I have looked at!
Maximum life expectancy:
My family has had fairly long lived males. I am 60, so without any medical breakthroughs, over 100 years old seems like a reasonable age
planning target (so 120 years maximum age in the planner is good).
I strongly believe there will be many medical breakthroughs and would like to be able to
plan out to 150 years (Arbitrary, but perhaps 2x the life expectancy that I might have had at birth?)
I attempted to fake this by moving my age to 30, retirement age etc to 30/40 years old ranges, but the RMD seems to be set
at 70, defeating this work around.
Can you change the maximum life expectancy to 150 years old (lol or more)?
RMB ages:
I note too that there has been some talk about changing the laws for RMD ages or withdrawal rates.
Tax Rates:
I struggle to figure out what tax rates to use for both income and investments. I life in California, high tax state. Any extra advice or guidance
in the tool would be great! (Perhaps (based on retirement expenses)) separate high tax state estimate and low tax state estimate average rates
as a starting point for all of us?
Once I am comfortable with the setup/planning, I hope to be able to model more on buying an annuity and Roth conversions.
Thanks Again for wonderful tool!
Peter
Just came across your tool - it looks great compared with other tools I have looked at!
Maximum life expectancy:
My family has had fairly long lived males. I am 60, so without any medical breakthroughs, over 100 years old seems like a reasonable age
planning target (so 120 years maximum age in the planner is good).
I strongly believe there will be many medical breakthroughs and would like to be able to
plan out to 150 years (Arbitrary, but perhaps 2x the life expectancy that I might have had at birth?)
I attempted to fake this by moving my age to 30, retirement age etc to 30/40 years old ranges, but the RMD seems to be set
at 70, defeating this work around.
Can you change the maximum life expectancy to 150 years old (lol or more)?
RMB ages:
I note too that there has been some talk about changing the laws for RMD ages or withdrawal rates.
Tax Rates:
I struggle to figure out what tax rates to use for both income and investments. I life in California, high tax state. Any extra advice or guidance
in the tool would be great! (Perhaps (based on retirement expenses)) separate high tax state estimate and low tax state estimate average rates
as a starting point for all of us?
Once I am comfortable with the setup/planning, I hope to be able to model more on buying an annuity and Roth conversions.
Thanks Again for wonderful tool!
Peter