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...
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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?
Is there an "easy" way to edit a special expenditure? For example, I wish to change the dollar value of an expenditure to evaluate the impact.
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.
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.
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.
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".
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
Dan, I just ran version 2.35.0 and sorry but I found that the Medicare Part B premiums are not correct.
I just installed the new ESPlanner update 2.35.0, and noticed something that strikes me as a bit odd.
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.
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?
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'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.
Is there a new 2017 release planned that contains new social security benefits, medicare costs etc?
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.
I have a couple questions on Health Care costs. I see that the program will estimate medicare part b costs when my wife and I are 65. I plan to retire at 62, so I assume I will need to calculate health care costs from 62 to 65 for me and for my wife until she is 65.
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.