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I may be laid off soon and tried to capture the changes in ESP. I was surprised to see the Recommended Life Insurance bump up to much higher than before, actually from reducing insurance to increasing it to $475k. I would retire about a year earlier than planned and previously modeled.

Tags: 401k loans

I will take a hiatus from work during which I'll need to use our tax-deferred accounts. If I take a withdrawal I have to pay taxes and can't put it back. My wife will be continuously employed. If we take a loan from her 401k we won't pay taxes on it and can replete it when I return to work.

I am performing Economics-Based Planning. On the Economic Assumptions for the Nominal Rates of Return for both Regular Assets and Retirement Accounts, I'd like to model the expectation of reduced returns over the next 10 years.

I'm 71 and receiving SS since I was 66; my wife is 66. She just filed and suspended (until 70). She is receiving the spousal benefit in the meantime, but I can't get ESPlanner to recognize that. How do I enter the data? I have pasted all the past earnings into ESP, fyi.

Tags: taxes

Will the next release of ESPlanner that incorporates the new Tax law changes calculate taxes with & without itemized deductions?

I understand from a prior post that it is not possible for the user to take a 'current' data base, create a renamed copy of it, and then through ESPlanner, make what seems should be a simple change of marital status in the new data base.

My plan is to sell existing house, then rent, in 2028. In ESP program, in Primary Home, Current Home tab, entered market value, prop. tax, insurance, etc. (no mortgage, so all zeroes).

Tags: monte carlo

My Standard of Living results have previously made sense, or at least I didn't notice that they didn't.

I'm considering leaving my salary job to become a consultant/contractor. One option is forming an S corp vs being a sole proprietor. It seems that ESP properly handles the SS tax part of a sole proprietorship, but what are the ramifications of doing business as an S corp?

We will release our annual update of federal income taxes based on previously existing law, i.e. prior to the Tax Cuts and Jobs Act (TCJA) of 2017, on 7 Jan 2018 after IRS's scheduled 5 Jan update of final 2017 forms and instructions.

Tags: asset values

When I enter savings account and 401k amounts, I enter the data as of the beginning of the calendar year (for example, January 1, 2017) and then do not change those entries until January of the following year.

ESPlanner 2.36.0 is now publicly available. The release notes are available here:

I must be doing something wrong - I've experimented with different nominal rates of return on regular and retirement assets, and changed inflation assumptions as well, in order to test the impact of changes in real rates of return on discretionary spending and end-of-life net worth, yet discreti

I suspect you have addressed this question more than once but I have failed to find the answer.

Healthcare is a major retirement cost. I see a couple of brief mentions of part B in the manual, but would like a reasonable explanation of how healthcare costs should be treated using this program.

Where do the proceeds go from the future sale of an investment property? I'm guessing that they go into "Regular Assets" and begin earning the ROR stated in the assumptions window?

The mortgage payments on my primary home and on my rental both decrease by 3% year after year, but my mortgage is fixed, so the total payment doesn't change.

I have entered a pension with a given annual amount from Social Security covered employment and a 50% survivor rate.

I have set the inflation rate under Assumptions to 2%

Tags: fixed income

I need some guidance on how to correctly model my fixed income in monte carlo. In my case i have regular asset income in the current year that is twice with the total income report shows. how do i manage coupon yield?