How to get Lifetime Smooth Consumption Amount while cash constrained?
Submitted by fundaddy22@aol.com on Sun, 08/28/2016 - 18:23I have found that if I set the borrowing constraint to $50,000, that ESPlanner is unable to provide a Lifetime Smooth Consumption Amount. Instead, it provides four very different Smooth Consumption Amounts for 4 distinct periods (e.g., 2016-2021, 2022-2025, and 2016-2027, 2028 and later).
If I set the borrowing constraint to $500,000, then ESPlanner is able to find a Lifetime Smooth Consumption Amount. However, in this case, the borrowing reaches $367,000 in 2017, which is unrealistic for me.