I tried to set it up to tell me how much my wife and I can spend if we want to leave each of our 2 kids $1M each out of a current estate of $3m -- we would spend less to do that, live off of SSA and pensions, etc, to preserve the $2m.
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I've recently tried funding (modeled as being funded in 2014) the Reserve Fund and noticed that the Consumption column now has a 14% step increase on the 10th year of the resulting Total Spending page.
I've been using ESPlus for almost 2 years and I have a question concerning how one should periodically update the program with actual asset performance.
Currently ESPlanner grows social security benefits for those already collecting by the inflation rate entered in Assumptions. The actual increase of benefits has been less than inflation - even the default 3% - by a sizable percentage for years.
I’d like to model an adjustable rate mortgage refinancing and need guidance.
When I switch planning method from econ based to "conventional" and enter my discretionary spending target and starting year the created report uses smoothing to draw down my assets to zero upon reaching my inputted "starting year". Anybody have an idea?
How does ESPlanner handle retirement account required minimum withdrawls (RMW)? Are these accounted for? If not, how can they be accounted for in ESPlanner?
ESPlanner's life insurance recommendations continue to baffle me. I occasionally ignore them because I can't always explain them.
Is it possible to run this program on a MAC or use it as a web based program on my MAC?
Can you share the software release roadmap for the next six months/year? What are you working on, what's coming? (Besides the usual yearly updates to SS, COLA, inflation, etc.) Thanks.
A portion of my wife and I's state income taxes is exempt from tax income taxes. How do we account for that within ESPLanner?
With the growth of Roth IRAs/Roth 401ks, should these be broken out (displayed) in the reports? Perhaps these could be labeled "tax-sheltered retirement accounts" and "Roth retirement accounts" (or assets or something similar).
Does the regular assets income column of the total income report include unrealized growth of assets (such as increase in a stock or fund price), or only interest and dividends generated by the asset?
My survivor reports for both me and my wife show a substantial negative number in the regular assets column. Where is this coming from?
In the Monte Carlo/Build Portfolios dialog each asset in 'Asset class' has its "Average Real Return" listed.
But when hitting the 'new' button the 'Define a new asset' screen, question 2, states "Specify average nominal rate of..."
Just curious if others would be interested to see how/how much various profiles could be optimized. Sort of a challenge or game where we could learn from each other on how to get more out of ESPlanner and potentially to apply these insights for our own profiles.
It has been my experience that you don't get the same interest rate for borrowing versus saving - hence banks make money. Does ESPlanner use the same interest rate for negative regular assets (i.e. borrowing money) and positive regular assets (i.e. money in a bank account)?
I am not sure I understand how "upside investing" is supposed to work. For example:
1. What is the rate of return on stocks?
It isn't clear to me exactly how the Upside Investing logic works. I have a few questions below.