do i enter everything in todays dolloars?

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bulbar
Posts: 1
Joined: Mon May 05, 2014 4:20 pm

do i enter everything in todays dolloars?

Post by bulbar »

even the things i enter using additional inputs? like buying a car in 2028 - do I input that in todays dollars? social security income when I'm 62 - do I enter the number the ss administration gave me, or do I inflate it first? thnx

jimr
Posts: 634
Joined: Thu Feb 28, 2008 6:48 pm

Re: do i enter everything in todays dolloars?

Post by jimr »

In general, all dollar amounts entered into the planner should be entered in today's value dollars. So if you plan to buy a car in 2028, entering the amount that the car would cost today as an outflow that happens in 2028 makes sense.

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