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This is my 3rd run of ESPlanner since I retired June 1, 2013. Last year, and this year 2016, I have done a bit of consulting.
1) Am I correct to put that Income on the Earnings page under Self Employment Earnings after setting the retirement age to 1/1/2016?

I'm sure this has been answered plenty, but my search function keeps sending me back to the Home page. Here's the question, then:
How to comprehend "maximum indebtedness" in the Assumptions section?

Tags: monte carlo

In the years 2022-2025 of my Details Report (Monte Carlo planning method), my Total Income is less than Total Spending. Why would this be?

All of the modeling I've done until recently assumed a maximum age of 100. It would seem that living longer requires more assets at the outset of retirement than does dying at, say, 85.

I'm using the Monte Carlo simulation with Conservative Spending to assess the risk that my plan won't meet basic living requirements far into the future. To do that, I'm looking in the Monte Carlo results at the Percentile Distributions of both Living Standard and Income.

Is there a way to manually add entries to the past covered social security earnings? I'm missing a year and need to add it.

My domestic partner of 17 years and I both filed for divorced ex-spousal Social Security benefits this year. Hers is $1,113/month. Mine will be around $800/month.

Just want to make sure I have this all straight --

Income is the total income from all sources (wages, investments, SS, Real Estate)

I observe that some special expenditures and receipts for the last year of life are not reported as spending / income. What are the guidelines for these in the last year? Are they dependent on a month?

I want to look at different states to live in to compare cost of living, taxes...
or even different cities within a state.
Where or how can you do these different scenairos?

After entering specific income for work years I see a minor discrepancy in the amount in the pdf report. For some reason the last 2-3 years income is less than that inputted by a small and seemingly arbitrary amount. This was consistent for each person (a couple).

Where do I enter data so the program calculates the Social Security benefit for my adult disabled child. My understanding is that he will be eligible for 50% of my normal Social Security benefit when I start collecting Social Security. I don't see where to enter this in ESPlanner.

I anticipate inheriting both a Regular IRA and a Roth IRA sometime in the future.

Tags: 401K, after-tax

The 401-k after-tax balance should be entered into the "ROTH accounts" totals based on prior questions. This does address the tax exemption on withdrawal but does not address the taxable gains since ROTH balances are tax exempted.

Tags: Profile dump

When we are creating different profiles there is a danger of some parameter not being as expected. Reviewing parameters between profiles is very tedious going from one panel to another and looking at all the fields.

What items do I add up to determine Current savings?

Is it?

Net take home pay -
net retirement contributions -
housing loan
= what I save???????

Thank you.

Tags: Real Estate

Doing a "what if" I entered a real estate property. How do I delete it now that it's been tested?

Tags: annuity

What is the easiest way to model with or without annuities and to see the results without having to create another database? Tried to find the answer, not finding it. Thank you

Tags: PDF

When trying to generate report I get this Error message: "Couldn't open PDF file. Check to see if output filer file is already opened in the reader. Close the file and rerun the report."

On the details report, my husband's social security income jumps from the correct amount in 2016 up by $13K in 2017. Why? (He has been retired for 4 years, has been collecting SS since he was 65; he is now 78.)

When I run an economic model I'm finding a jump in consumption in out years... what typically contributes to this?

This situation applies to both subject matters, but I'll just give specific examples using "Retirement Accounts" tab in the spreadsheet output by the program.

Under Assumptions > Taxes:
Is the data item "Percentage change in taxes" expressed in points or pct? If my marginal rate is 35%, would a 2% value in this field take it to:
- 37% (ie - a 2-point increase) OR
- 35.7% (ie - a 2% increase)

What are the minimum system requirements to run ESPlanner Plus? Will it run on this?
Lenovo - IdeaPad 100s 11.6" Laptop / Intel Atom Z3735F/ 2GB Memory / 32GB eMMC Flash Memory / Webcam / Windows 10- Red
The sole use of this laptop would be for running ESPlanner

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