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.
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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?
Tags: Personal Loans
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.
Tags: Excel, Libre Office, Microsoft
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.
I created my plan and ran the reports On the taxes tab on the detail spreadsheet it is showing FICA tax payments for my wife in 2017 and 2021 to 2025. My wife does not work and has no income. She is 49 at this time. I am not sure why this is calculating tax for my wife.
Tags: Vacant Land
How can non-income-producing vacant land, which is held for investment, be handled in ESPlanner? If I include it as 'Real Estate', I get an incorrect capital gain upon sale since the land is not depreciable and there are no improvements.
Tags: Reserve Fund
When I view the reserve fund tab, the guide on the right side of the screen states "Specify as well if the reserve fund income is taxable . . .". How can I specify that tax treatment?
Tags: Primary Residence, Real Estate
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?
Tags: Social Security
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.
Tags: carryback, owner financing
I recently sold my small business and am not clear how one would enter a couple of notes that I've carried back for the buyer.
Tags: spending
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?
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.
Tags: special withdrawls
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.
Does anyone here use YNAB and, if so, how did you adapt YNAB's budget model to correspond to the groups assumed by ESP?
Tags: life insurance
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: Retirement Accounts
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.
Tags: Two can live as cheaply
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
Tags: manual, monte carlo, tutorial
Is there any information on setting up and using the ESPlanner Monti Carlo features. I'm looking for ESPlanner specifics.
Tags: conversions, Roth, Social Security
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.
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: health care, subsidy
If you are younger than age 65 you may qualify for health care subsidies and are required to carry health care insurance. Figuring the subsidy manually is a bit obtuse since it is based on your household’s MAGI (modified adjusted gross income).
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