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Retirement savings past age 70

Submitted by john@pinneyands... on 17 February 2010 - 6:07pm

I am running into more and more clients who are continuing to work past age 70 and are enrolled in a group retirement plan. Many of the plans will allow contributions after age 70 as long as the individual is employed. However, esplanner does not allow this to be shown. Please consider for future upgrades.

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Submitted by Dick Munroe on 18 February 2010 - 3:13pm.
1

Been having this argument now for a while. Thanks for the help.

Best,

Dick Munroe

Submitted by rrmeier on 22 July 2010 - 12:31pm.
2

I will be 70 in November 2010. I am retired from the Federal Government but will continue to work part time at a local university. I will be able to contribute to my retirement plans at the university beyond that date.

I would like to compare two options in ESP:

1) Continue to contribute to my retirement plan.

2) Stop contributing to my retirement plan and put the amount into an investment.

Is there a way to determine which is more advantages?

Thank you,

rrmeier

Submitted by Dick Munroe on 23 July 2010 - 5:44pm.
3

Unfortunately there isn't any way to start withdrawing with ESPlanner and continue to contribute. We're going to discuss this for release in a later date.

I'm not sure if it's possible to make the comparison, perhaps Larry will have some suggestions.

Best,

Dick Munroe

Submitted by Laurence Kotlikoff on 23 July 2010 - 7:07pm.
4

Hi John, Please call me to discuss at 617 834-2148. Might have a work around for you prior to our really resolving this. best, Larry

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