Strange result in first year spending

Submitted by bkoch@rimguard.biz on Sat, 12/10/2016 - 15:51

Return to Question Forum

Tags:

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?

Comments

dan royer's picture

dan royer

Mon, 12/12/2016 - 23:01

Are you in regular Economics

Are you in regular Economics mode? It sounds like you might be in conventional planning mode with a fixed target for your spending and thus the program is trying to spend it all in the first year.

Log in to post comments

dan royer's picture

dan royer

Tue, 12/13/2016 - 00:03

Clarification: if you are in

Clarification: if you are in conventional planning mode and guess too low on your target amount, it will try to spend the excess in the first year.

Log in to post comments

Subscribe to RSS feed

Disclaimer: The suggestions and recommendations provided by Economic Security Planning, Inc.'s software tools and planning services do not constitute financial or investment advice. The creators of Economic Security Planning's software are not certified, registered, authorized, or any other form of financial planners. Economic Security Planning, Inc. is not an investment adviser registered with the U.S. Securities and Exchange Commission or any state securities agency, is not a registered broker-dealer and maintains no other regulatory credentials associated with the management of financial assets. Economic Security Planning, Inc. does not guarantee that the suggestions and recommendations derived from its software tools and planning services will necessarily achieve a secure economic plan. Like any software products, Economic Security Planning, Inc.'s software tools may have errors in its underlying code, and the assumptions about the future that it makes and that users input may prove false. In addition, output from the software tools and planning services may incorporate data obtained from third parties and such data (including any calculations that is based on such data) is provided on an “as is” basis. From time to time the output may contain errors that may be based upon, among other things, human data entry, aggregation and decompilation of data, processing of data through third party calculation engines and other processes that can give rise to errors. The company's financial plans and recommendations, including all of such plans and recommendations provided by its direct planning services, should be viewed as suggestive and informative educational inputs into your financial decision-making. None of our products or services recommend the purchase of specific financial products.

Copyright © 2023, ESPlanner || Patent Number: US 6611807 B1

Design by Zymphonies