I need to add a required minimum distribution withdrawal to an ESPlanner Plus plan. The person inherited the IRA after payments had begun. The beneficiary is not yet 70 1/2 and has an IRA of their own.
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How can one account for longevity insurance in ESP? If say I am 65 and want to take $125K (the max) and buy a policy to begin an annuity at say 80 years of age, how do I enter this? Thanks
I do not want to lift my credit freeze to access my SS file but have the data entered into Maximize SS. Can I create a log file to copy and past into ESPlaner?
In my PDF report under Total Spending, the amount for Medicare Part B is $1,292. Since I have not yet filed for Social Security, I pay $134/month for Part B, so shouldn't the yearly total be $1,608? (I have ESPlanner Plus, version 2.34.1.) Thanks.
Is there a new 2017 release planned that contains new social security benefits, medicare costs etc?
I'd like to see somewhere the specific tax rates that ESPlanner Plus uses in the tax calculation. My federal tax rate, my state tax rate and my marginal tax rate.
I realize that Esplanner does not have everything on actual tax forms.
My model shows a consistent consumption level each year but I want to make sure I understand what this truly represents. If I can consume $80,000 per year for the next 30 years has this consumption level been adjusted for inflation?
I have pledge asset loan through my broker. It has no required monthly payments. I'm planning to pay it off through a lump sum payment followed by monthly amortized payments.
I want to know: where and how do I enter this loan?
Its been awhile since I've written. In the runs of my reports taxes are much higher than I actually pay. For NC state taxes, it probably has to do with the tax rate which has changed to a flat 5.75%. The state tax rate I'm calculating is over 6% in your program.
ESPlanner offers Dimensional asset classes with real returns and relative risks. I'd like to enter my own ETF choices instead.
It appears that ESPlanner builds a .xls file and attempts to load into Excel when the "Excel" option is chosen for Report output. However, I use Libre Office rather than Microsoft Office. When I try to create the Excel view, the program only throws out some error messages.
I created my plan and ran the reports On the taxes tab on the detail spreadsheet it is showing FICA tax payments for my wife in 2017 and 2021 to 2025. My wife does not work and has no income. She is 49 at this time. I am not sure why this is calculating tax for my wife.
How can non-income-producing vacant land, which is held for investment, be handled in ESPlanner? If I include it as 'Real Estate', I get an incorrect capital gain upon sale since the land is not depreciable and there are no improvements.
When I view the reserve fund tab, the guide on the right side of the screen states "Specify as well if the reserve fund income is taxable . . .". How can I specify that tax treatment?
Hello, I am planning to purchase a 3-family home and use one unit as my primary residence while using the other two units as rental property. How do I account for this in ESPlanner Plus?
We were grandfathered under the new rules. My wife filed and suspended (until her 70th birthday) her benefits by the end of 2015. I filed for a spousal benefit upon turning 66 in May 2016. I now receive a monthly payment. I will file for my benefits on my 70th birthday.
I recently sold my small business and am not clear how one would enter a couple of notes that I've carried back for the buyer.
I just completed all of my inputs and ran the basic report which made sense. then I updated my regular assets with a possible inheritance and the first year spending suddenly added over $2M in spending. Cannot find any entry or setting that seems wrong. Any ideas?
i've just upgraded to ESPPlus. i've spent the last year learning the basic program and now feel confident that i understand the results. i made my first run with plus and i must say that the volume of results is overwhelming.
I am trying to raise our standard of living and raise consumption prior retirement by taking withdrawls from our retirement accounts starting at age 59 1/2.
Does anyone here use YNAB and, if so, how did you adapt YNAB's budget model to correspond to the groups assumed by ESP?