I know some things within ESP only operate based on the entire calendar year. If I choose to reenter new quarterly retirement account balances (and correspondingly reduce the remaining contributions for the current year), does the software account for this? Or does it assume the newly entered balances entered were there on January 1 and the contributions are for the whole year?
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 assumption will be for January 1 and the contributions for the whole year.
Best,
Dick Munroe