The economics based planning has me setting the assumptions for returns on my regular (taxable) and retirement account investments. My regular accounts are mainly in a Schwab broad stock index ETF plus some individual stocks; I set this category to 7.5 percent.
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I have a question about modeling a retirement account. This account is held by one company, and 25% of the total is held in a fund that guarantees around 5%. The remainder is held in a stock fund that fluctuates with various factors.
Hello, I deleted my savings for the first two years of $10,000/year and the .pdf report still shows those amounts as part of the spending. Any way to get the report to reset?
I am having great difficulty understanding the reports. The manual uses numerous terms of art without defining them. As a simple example, the term "living standard" is never defined. Why is living standard different from consumption?
Regular assets include cash, money market, mutual funds, etc. It appears that all regular assets are lumped together when implementing (selecting) a portfolio in monte carlo mode. Obviously, each of these asset classes have different rates of return. Are these classes treated differently?
In arranging my portfolios (taxable, retirement) in Planner Plus, the pre-defined asset choices available do not include a full set of bond (fund) choices, such as short-term and intermediate-term corporate bonds, mid-cap domestic stocks, etc.
I have two questions:
1. My reports show small amounts of FICA taxes paid for both spouses starting at ages 72 and 71 and continuing until death. We won't have any wage income, so what does this mean?
I live in CA, which has capped the nominal increases in property taxes (with some exceptions that don't presently apply to me) at 2% per year.
I am in the Monte Carlo options, specifically Implement Portfolios. How do I have 2 portfolios point to my retirement account? I am only able to choose one but have 2 IRA accounts. Do I need to combine everything into one or is there a way to choose two? Thanks, Jim
I recently purchased ESPlanner Plus. I downloaded it to my desktop computer. Can I also download it to my laptop?
Thanks for the great improvements to ESPlanner!
I've notice what I think are two errors.
I understand that the program tells you how much to withdraw each year in retirement from regular and retirement accounts, but if you have a mix of stocks and bonds in a regular account, it does not tell you the relative portions of bonds vs. stocks to liquidate each year.
I'm trying to model a move, including selling my current house and using the proceeds as a balloon payment on a new house mortgage. If I put down a 20% down payment on the Change of Home panel amortized over 15 years, that will get reflected in the housing report.
I rolled my information over to 2016 and notice that the annual mortgage payment in the housing report does not equal my monthly mortgage payment x12. It's approximately $1000 less than it should be by my calculation.
I want to enter an installment sale of real estate. I presently own the interest and will sell it in a few years. In the meantime, I receive rental income. Once I sell it, I will receive installment payment of principal and interest for seven years.
I used special expenditures to enter projected LTC expenses at EOL for each husband and wife. I entered the amount for each person so that there are two entries for each year labelled as nursing home expense. The standard tables all incorporate this amount correctly.
My wife and I are eligible for post-retirement medical benefits arising from her employment. Once we are both on Medicare (at age 65), all of our Part B and other medical insurance premiums will be covered by the (then) former employer's plan.
Since returns for regular assets and retirement accounts are set using nominal rates, does adjusting the inflation rate in a future year reduce the real returns going forward?
We have an assumed rate of return on our investment assets at 4% (inflation at 2.5%). How does the software compute our investment balances moving forward? Is it compounded annually? We re-enter our balances at the beginning of each year. Note too that Monte Carlo is turned off.
Trying to find the data base file names & location
First Scenario: (Own Property 1, will sell in 2017-- no problem there). Will purchase Property 2 in 2017. For Property 2 under Current Market Value, I have $300,000. Under future mortage information: I put 100% under (I have that it will never be sold).
Is there a way to enter my data from Maximize My Social Security account
to my ESPlanner Pro program. I have an adult child on my SSA to add into
the ESP program
I've properly input all my financial data to accurately reflect my circumstances - except I cannot figure out one thing. What is the best way to model a recurring income stream from an S corporation?
when I have income from a severance package that exceed my needs