How do you update ESP assets
I've been using ESPlus for almost 2 years and I have a question concerning how one should periodically update the program with actual asset performance.
Is it appropriate to periodically update asset/retirement values during the year? Or, should I just wait till year end and compare Regular Asset value against the ESP prediction to see how the plan is going? What about after year end? Is this the point to update the asset values to get a more accurate discretionary spending plan going forward. Of course this would be past on the most recent market performance and making spending adjustments based on it would go against the consumption smoothing that is the basis of ESP.
How do you use ESP in this regard?