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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.

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 bought a whole life policy in the '80s. The terms of the contract provided that after a certain number of years I stop paying premiums as the earnings of policy will be sufficient to pay them and increase the amount of insurance yearly.

Tags: taxes

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.

Tags: esplus, learn

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.

Are there any plans to add more asset classes to the "build portfolios" portion of the Monte Carlo planning method? For those of us who do not have access to Dimensional Funds, the options are very limited.

I'm having a problem with the amounts I put in as the amounts we have currently in our retirement accounts are not showing up in the amounts the program lists in retirement account columns of the Net Worth section of the report.

Tags: IRA

I note in my ESPlanner report that the program distributes more from my IRA than the Required Minimum Distribution to maintain the suggested consumption. That's fine with me but is there a way to see what the RMD and additional distribution amounts are in each year? Thanks.

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?

Is there any information on setting up and using the ESPlanner Monti Carlo features. I'm looking for ESPlanner specifics.

I specified 7 annual roth conversions until I reach age 70 and I also specified that social security benefits would begin at age 66. The report correctly shows the first 3 conversions only. When I increase the social security claiming age to 70 then I get all the conversions.

I have a question about how this assumption works. When I
use the assumption that Two can live as cheaply as Two, I get a discretionary
spending number that 10% greater than the assumption that Two can live as

Without changing anything else, when I lower the nominal rate of return on my regular assets (say from 6% to 4%), my smoothed standard living for adult (and thus discretionary spending) goes up! And the more I lower the nominal rate, the higher it goes up.

Tags: budget, YNAB

Does anyone here use YNAB and, if so, how did you adapt YNAB's budget model to correspond to the groups assumed by ESP?

My spouse and I are 60 and just retiring. Cash is especially important to us before taking SS at 70. At 62 I could get a reverse mortgage. I have an expensive home with high equity and a good sized mortgage.

Why is the treatment of the first year retirement account balance calculation inconsistent with following years in the "detailed retirement accounts report"?

I now have access to my employers non-qualified deferred compensation program, and I'm struggling how to handle that in the planner. Let's say I defer $75,000 from my 2017 annual salary. The deferall occurs on a pre-tax basis.

I have been a member of for over 5 yrs. I've been using your ESPlannerPlus software. I really like it. My wife and I are thinking that it would be good to try out your "Maximize My Living Standard" service.

Does a list exist for what is defined as non-discretionary spending? I am wanting to compare my real life discretionary spending against what ESPlanner calculates, but I need to be able to subtract out my non-discretionary spending first. Thank you