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My spouse is 69 and I am 67. I am currently getting spousal benefits and will get my increased benefit when I am 70. My spouse will get his benefit when he turns 70 this year. I put in my current monthly benefit and checked that I have filed for benefits but it did not include those benefits.

Tags: Balances

On the detail pages, are the values for the various accounts a beginning balance in that year or a year-end value?

I asked what is the best way to manage my IRA distributions so they are distributed to my wife upon my end of plan? We have a 5 year age difference and I am planning EOP for myself/her at 94/96 respectively. Based on the Total Income report, distributions end when I pass.

Tags: assets

My default portfolio is empty of assets. I click New Asset, give it a name, the year range is 2006 to 2015, then I click Next. An error box comes up saying "The span of return years must be within the range 0 to 0." This happens with either Real or Nominal Return Type.

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.

Tags: PDF

In ESPlanner vs 2.35.2, on the "Assumptions" page of the PDF report the ages shown for "...Age of First Withdrawal For Retirement Accounts" and "...Age of Last Withdrawal for Retirement Accounts do not match the entries in the "Retirement Accounts/Key Ages" tab.

Tags: Education

My first of 3 will be starting college this year and I can't see anywhere that accounts for the current education tax credit (up to $2500 under current law). This is a pretty significant credit and adds quite a bit to the bottom line. How does one account for this in ESP?

Tags: monte carlo

I have been playing with ESPlanner for the better part of a month, and like Dan Royer, I have come to rely primarily on the simple “economics-based planning” method, even though the Monte Carlo capability was an attractive point in choosing the software.

Tags: Bequest

Instructions in the software state that some users use the Reserve Fund section to account for leaving money to heirs. How does the software treat this vs. Special Bequests in the Estate section? Not sure which to use...

My summary sheet is showing a large negative asset value. I have no loans or liabilities. I even zeroed out all the assets inputs but still get large negative values.
I could not find a resolution to this in the help questions.

Where do you think this might be coming from?

Tags: medicare

Dan, I just ran version 2.35.0 and sorry but I found that the Medicare Part B premiums are not correct.

I just read the release notes of 2.35.0 and its clear this was a huge release with lots of updates, fixes, etc in addition to the annual updates. The notes are hard to follow ... lots of acronyms and not much context.

I just installed the new ESPlanner update 2.35.0, and noticed something that strikes me as a bit odd.

To ESPlanner programmers: I have a child in care benefits situation for a lady that is younger than any age available on your Social Security tab for accepting social security benefits. Please add that situation to your programming "to do's".

I need to add a required minimum distribution withdrawal to an ESPlanner Plus plan. The person inherited the IRA after payments had begun. The beneficiary is not yet 70 1/2 and has an IRA of their own.

How can one account for longevity insurance in ESP? If say I am 65 and want to take $125K (the max) and buy a policy to begin an annuity at say 80 years of age, how do I enter this? Thanks

I do not want to lift my credit freeze to access my SS file but have the data entered into Maximize SS. Can I create a log file to copy and past into ESPlaner?

Tags: medicare

In my PDF report under Total Spending, the amount for Medicare Part B is $1,292. Since I have not yet filed for Social Security, I pay $134/month for Part B, so shouldn't the yearly total be $1,608? (I have ESPlanner Plus, version 2.34.1.) Thanks.

Tags: Pensions

I entered A pension for 2017 that is $17001 per year.

Is there a new 2017 release planned that contains new social security benefits, medicare costs etc?

Much thx

Bill

I'd like to see somewhere the specific tax rates that ESPlanner Plus uses in the tax calculation. My federal tax rate, my state tax rate and my marginal tax rate.

I realize that Esplanner does not have everything on actual tax forms.

My model shows a consistent consumption level each year but I want to make sure I understand what this truly represents. If I can consume $80,000 per year for the next 30 years has this consumption level been adjusted for inflation?

I have pledge asset loan through my broker. It has no required monthly payments. I'm planning to pay it off through a lump sum payment followed by monthly amortized payments.
I want to know: where and how do I enter this loan?

ESPlanner offers Dimensional asset classes with real returns and relative risks. I'd like to enter my own ETF choices instead.

It appears that ESPlanner builds a .xls file and attempts to load into Excel when the "Excel" option is chosen for Report output. However, I use Libre Office rather than Microsoft Office. When I try to create the Excel view, the program only throws out some error messages.

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