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do i enter everything in todays dolloars?
Posted: Mon May 05, 2014 4:28 pm
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
Re: do i enter everything in todays dolloars?
Posted: Mon May 19, 2014 4:36 pm
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.