Inputting figures for future annual spending reductions
Posted: Thu Nov 18, 2010 2:33 pm
Thank you very much for this calculator! It is a great resource.
I'm looking for the proper way to input data for future expense reductions. In my case, I'll be retiring before I reach the age for Medicare. I'm estimating my private insurance will run about $16,000/yr until I reach 65. Once at 65, hopefully I'll reduce my annual retirement spending for health insurance by $10,000.
I'm also a boat owner. I'm figuring once I reach 75, I'll likely ride on other people's boats rather than my own. That will free up another $10,000 in my annual retirement spending. How do I show these expense reductions on the Planner?
Thanks for your help.
Best Regards,
Marc
I'm looking for the proper way to input data for future expense reductions. In my case, I'll be retiring before I reach the age for Medicare. I'm estimating my private insurance will run about $16,000/yr until I reach 65. Once at 65, hopefully I'll reduce my annual retirement spending for health insurance by $10,000.
I'm also a boat owner. I'm figuring once I reach 75, I'll likely ride on other people's boats rather than my own. That will free up another $10,000 in my annual retirement spending. How do I show these expense reductions on the Planner?
Thanks for your help.
Best Regards,
Marc