Negative Retirement Asset Income?
I just installed the most recent update to ESPlanner Plus, and reran the PDF report. I made no changes to the inputs/assumptions. Most changes in the new report were minor, except for one very odd thing.
My husband and I are both still working. For my husband's Retirement Asset Income, the number for each year turned negative in the new report -- not simply a negative of the previous number but different numbers, all negative. (There were no changes to the contributions amounts in his report.) The same thing did not happen for my Retirement Asset Income. In fact, my numbers were exactly the same for each year as in the old report (and positive). We both assume the same nominal rate of return.
This change in my husband's account apparently caused a two-thirds drop in the recommended withdrawal from his retirement assets during retirement. Not a happy prospect!
I'm at a lost. Has anyone else seen this? Should I try reinstalling the update?
Thanks.
RSS
Don't reinstall. You will get the same results.
Changes in taxes etc. may be affecting you. I'll ask Larry to respond.
Try reentering your husband's retirement account data and let us know what happens. You're retirement account data shouldn't go negative.
Best,
Dick Munroe
It turns out that on the Economic Assumptions screen, the future rate of return for my husband's retirement accounts was set to zero percent in the new version. When I fixed that, the numbers in the new report matched those in the old report.
I realize it is likely my error, but I have no recollection of even looking at that screen, much less changing any numbers under Economic Assumptions before running the report under the new version.
Maybe I need to make plans to retire even sooner than I intended!