I'm a new user. I am 62 and trying to input future earnings for the next eight years. My birthday is in December and I hope to work until I can take Social Security at Age 70 (including the year in which I turn 70 in December). Esplanner will only allow me to input 3 years of future earnings and then gives me a message that says "You can't add earnings past your retirement age". Is there a way to override this? Thanks.
Disclaimer: ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO, are educational calculators designed to give users input in mapping out financial futures, but should not be acted upon as a complete financial plan. The creators of these programs are not certified, registered, authorized, or any other type of financial planners. These programs are simply tools for helping you think through economic futures. Its "recommendations" should be viewed as informative inputs into your own decision-making with respect to saving and the purchase of life insurance. ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO provide neither economic, financial nor tax advice, which can only be delivered to you by authorized professionals.
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The "retirement age" on the earnings page is only a reference age. Just raise that age and you can enter earnings into the future. The age of retirement on the retirement assets page and the age you begin to collect social security are the retirement ages that matter.
Say for example you're 40 years old and expect to work on your current job for 25 more years and "retire" and open an antique shop. You can enter your current salary and guess how it will grow (or shrink!) for the next 25 years. Then, you can switch to the self-employment tab and make a stab on how much you would earn in "today's dollars" if you owned the antique store today.
Of course you can't know what exactly will happen in the future, so I suggest making a "starter" profile and then use "save as..." to create variant profiles, "get that promotion" "quit and write poetry" etc. Mix and match.