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I've entered my regular assets and they are showing up correctly on the "Inputs and Assumptions" page. However, on the net worth and Regular Assets reports (under "Suggestions") they are shown as being 28% lower.

The ESPlanner manual says on page 5 that you can customize the software by using the HELP drop down menu, choosing Customize, and entering global program settings. When I go to Help, there is no option to choose Customize.

ESPanner's "Guide" for the "Estate" tab says the following:

I understand that the recommended life insurance is to allow the survivor to maintain the same living standard if a spouse dies before the end-of-life date set in the program.

Can't seem to find explanation in manual or searching on-line. Can you explain please?

We have been using ESPlanner for years trusting that it was accounting for the WEP calculation in our benefits. Our state pensions from non-covered employment are entered as "not covered" and our past covered earnings are accurate.

Tags: gifttax

I have entered gift to children as a single payment at some date. What does "not tax related imply"?

Now that I'm looking closer, I notice that the Social Security dollar amount declines over time. It appears to be doing it at compounded rate of -3.03%. Inflation is set at 3.1% in my ESP. I'm assuming this is because ESP expresses future amounts in real dollars.

Tags: asset values

If I update asset values midyear does the program consider it a first of year value for further calculations or is it prorated?

I currently am fortunate enough to not require the full smooth withdrawal that ESP recommends. The smooth withdrawal model, however, generates a larger tax liability than I currently incur in reality.

On the Regular Assets report (mine attached), what/where are negative Regular Assets created from? I presumed this column represents a running total value of regular assets. Debt?

Tags: rollover IRA

I have a defined benefit pension in the form of a cash balance plan. At termination, a lump sum is available to me that I can take as an annuity, or roll it over into a tax-deferred account. (I can take it as a lump sum and not roll it over if I wanted to take a bath on taxes.)

My understanding is that ESP calculates and adds life insurance when needed. I have seen discussions herein where it is stated that the premiums are added as expenses. Are the benefits also calculated in case of survivor reports?

My accountant informed me that the file and suspend game has been ended by congress, effective April 2016. It seems I bought a calculator from Esplanner to help me figure out the best way to maximize SS payouts. I wonder if there is an updated version.

What's the best way to show interest only personal loans such as margin loans?

Then if I project paydowns over, let's say a few years starting this year, are these payments shown as Special Expenses or loan payments as adjustments in Current Saving in Assets and Saving?

Tags: after-tax

Both my wife and I have an IRA where the contributions are on an after tax basis.

I don't find a simple definition of the spreadsheet report item "Retirement Account Annuity". Please explain the source of this data. Thanks!

I am retired at age 62. I want to plan for level consumption. Since I am planning to defer social security until 70, I expect to draw more heavily on my retirement accounts until social security kicks in. In ESPlanner, the draw is the same each year.

What do I look at to tell the source of a given year's retirement withdrawal, or when it switches from a TIRA or 401K to a Roth, assuming default order of withdrawal? Obviously the program knows the balances of these accounts, but I can't find where they are exposed.

I'm trying to figure out how to model the follow recommendation from your sister site "Maximize My Social Security ". The recommendation involves the younger spouse filing/collecting at 62 for 4 years to allow the older spouse to collect spousal until she is 70.

I ran Monte Carlo simulation and for the 2016 recommendations, it has Discretionary Spending (DS)at $115,251 and Current Amount of ($111,658), which also has to have an impact on Savings.

Tags: monte carlo

I have been working to get the Monte Carlo section up and running for my situation and have a couple of questions regarding its implementation.
A little background:

Tags: monte carlo

Just working through the Monte Carlo simulations and excited to be getting some data but first have a question about "Implement Portfolios" folder.

So i have 7 accounts. 6 tax sheltered (3 each for my wife and myself that are tax sheltered) and one open joint account.

Tags: medicare

My wife's retirement pension also includes re-reimbursement of Medicare part B premiums.

Am I correct in indicating the we will never enroll under the Social Security tab?

Perhaps this is a simple terminology question. I have assets (cash, stocks, and mutual funds set aside for my retirement in several taxable brokerage accounts. They assets are from Employee Stock Purchase plan and inheritance.

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