What is the best way to include distributions from non-qualified deferred compensation plans in order to properly reflect taxes?
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I want to create new asset classes for the Monte Carlo analysis such as mid cap stock. Where can I find (i.e. is in Morningstar or Dimensional) the historical mean return and relative risk by asset class?
ESPlanners tax calculation is off by a few hundred dollars and I am trying to reconcile it with my tax statement.
I received 1570.00 in taxable refunds the year before, I tried entering the 1570 into special receipts and marked its tax status as ordinary.
I cannot get ESPlanner so show spousal benefits for myself. I also use maximize mysocialsecurity which shows me as eliglible between the year of 66 when I file and suspend and 70.. I entered the following.
My file and suspend date is 1/2019 when I turn 66.
About half of my income right now comes in the form of stock that is vesting. This is resulting in high tax bills which must be paid in cash. To do so, I have to sell stock to cover the tax bill. What is the best way to enter this in the system?
There must be a reason but I don't see growth for SSA (hard to predict I know) or Special Receipts even though I did add a growth factor to Receipts.
How should I enter disability payments in ESPlanner. Just treat it as ordinary income? I believe the IRS taxes it to 85% of its value depending on other income sources.
It discretionary spending starting in 2018 and as a result puts my spending in 2017 at 5x what I entered for subsequent years? How cna I get rid of these suggested consumption amounts. If I had that kind of consumption as a suggestions then the excess should go into savings.
I would like to add in all assumptions, pensions, annuities, investments and get a report to show me income return per year to expect including RMD at 70 etc. .
Just started using ESPlanner today, so this may be a stupid question. In the Assets and Savings, Current Savings tab, The Real Asset Income is pre-populated. Mine, for example is 1800.
I currently have two homes: my primary home and a vacation home. I am planning to sell my primary home in a few years and move into my vacation home.
Is the amount shown in "Regular Assets/Taxes" payment of the taxes for the previous year, which makes sense from a cash flow aspect, or is it the current year tax liability?
I'm retiring at 63 and won't take Social Security until 70. The Esplanner financial model withdraws an even amount of money from my IRA from 63 until death and that results in low incomes taxes from 63 until 70 and then much higher taxes after that when I start collecting SS.
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.
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.
I previously asked a question on how to drive discretionary funds to my end of plan. In my case, I have accounted for projected annual spend within the housing entries or Special Expenditures (SE) area.
I am a new user and trying to initially build a simple economics based model. I have a few areas that I've been trying to resolve and hope you can help:
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.