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When can we expect the next version of ESPLanner to be released

Tags: monte carlo

I don't understand what this Monte Carlo report is trying to tell me. It has columns that go all the way to 200%. Not sure how there can be a 200% probability of anything.

Tags: monte carlo

What does the Living Standard values in the monte carlo analysis represent, compared to the baseline reports? Specifically, two questions:
1) do they represent all spending or just discretionary spending?
2) do they represent 'per adult' or 'total household' living standard?

Tags: taxes

The program is projecting FICA tax for my wife who has no income. Also it is showing FICA tax in the year we sell our house, and have no income from employment.

I am now 60, my wife is 59. We do not plan to take social security until we are each 70. Next to my retirement file date (2/1/27) ESPlanner shows a negative number (-29) and next to hers (-32).

I want to see the long term impact of decisions I am making. Is there a way to fool ESP into thinking it is 1/1/2018? I can estimate end of year account values based on what I know now and the decisions I am making

Tags: gold

Approximately 6% of my investments are in gold bullion self directed IRA. How should I account for this in Esplanner? Is there an established return rate for gold? Thanks!

Tags: saving

I am confused as to why ESPlanner shows negative savings under the Annual Suggestions. I don't need it for the income, there is enough of that.

Tags: mortgage

Is there any easy way to model making a very occasional, but significant (up to 10% of balance), extra payment of principal on a mortgage?

Tags: rebalancing

Does the program periodically rebalance regular and retirement assets when performing a Monte Carlo simulation, or are portfolio allocations "initial conditions" only? If rebalancing isn't performed is it thought to be a bad idea or a feature to possibly be added to a future version? TIA

Tags: Pensions

My pension is partially tied to the stock market. Without using Monte Carlo, is there a way I can model losses for a few years? Besides, there is not way to link a pension to stocks so Monte Carlo wonld not work.

ESPlanner recommends life insurance when needed. I have two questions:
1. What if a person can not obtain life insurance due to medical problems? Would it be possible to have a election to turn off the life insurance computation?

Tags: MaxiFi

Just now seeing that there is a new software produce called MaxiFi. Will MaxiFi eventually replace ESPlanner? Or is it designed to compliment ESPlanner?

I am trying to see the difference between a pension with Inflation Index of 2% (1% less than modeled inflation) vs. and a pension with 0% Inflation Index. When I changed the index from 2% to 0% the pension didn't change. Did I miss something or is this a bug?

Tags: Pensions

I live in NY state and I have one pension that will be paid by the federal government and will therefore not be taxable by NY state. I also have another pension that would be subject to NY state tax.

How can I add Bank CDs in a Monte Carlo Portfolio? I'm thinking of using the intermediate government bonds as a proxy. Most of my CDs are 5 year and I roll them over upon maturity. For a while each rollover resulted in a lower rate of return but that's now changing.

I want to create new asset classes for the Monte Carlo analysis such as mid cap stock. Where can I find (i.e. is in Morningstar or Dimensional) the historical mean return and relative risk by asset class?

I added several special expenditures for college, and since I know those are partially tax-deductable (depending on income limits), I thought ESplanner would figure out the fraction they were tax deductable; I think the deduction limit is $4,000 in one case and a $2,500 credit in another case.

Will ESPlanner offer a web-based version of ESPlanner ($149 version)? If yes, when will this product be available for purchase?

Tags: monte carlo

Every time I run the monte carlo simulation I get different results - I assume this is expected since the random numbers used to generate the results are different on each run. However I find the differences are significant enough that I cant rely on the results for future retirement planning.

For a married couple, does ESPlanner use the "Married Filing Jointly" tax tables or does it also calculate "Married Filing Separately" and then selects the lower tax option?

What is the best way to include distributions from non-qualified deferred compensation plans in order to properly reflect taxes?

My wife's ex-spouse died and she's now going to receive a 50% increase in her SS benefits because 100% of his benefit when he died is greater than the benefit she is receiving based on her earnings.

ESPlanners tax calculation is off by a few hundred dollars and I am trying to reconcile it with my tax statement.

I received 1570.00 in taxable refunds the year before, I tried entering the 1570 into special receipts and marked its tax status as ordinary.

Tags: SSDI

How should I enter disability payments in ESPlanner. Just treat it as ordinary income? I believe the IRS taxes it to 85% of its value depending on other income sources.