I tried to set it up to tell me how much my wife and I can spend if we want to leave each of our 2 kids $1M each out of a current estate of $3m -- we would spend less to do that, live off of SSA and pensions, etc, to preserve the $2m.
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I've recently tried funding (modeled as being funded in 2014) the Reserve Fund and noticed that the Consumption column now has a 14% step increase on the 10th year of the resulting Total Spending page.
I've been using ESPlus for almost 2 years and I have a question concerning how one should periodically update the program with actual asset performance.
Currently ESPlanner grows social security benefits for those already collecting by the inflation rate entered in Assumptions. The actual increase of benefits has been less than inflation - even the default 3% - by a sizable percentage for years.
I’d like to model an adjustable rate mortgage refinancing and need guidance.
When I switch planning method from econ based to "conventional" and enter my discretionary spending target and starting year the created report uses smoothing to draw down my assets to zero upon reaching my inputted "starting year". Anybody have an idea?
How does ESPlanner handle retirement account required minimum withdrawls (RMW)? Are these accounted for? If not, how can they be accounted for in ESPlanner?
ESPlanner's life insurance recommendations continue to baffle me. I occasionally ignore them because I can't always explain them.
Is it possible to run this program on a MAC or use it as a web based program on my MAC?
Can you share the software release roadmap for the next six months/year? What are you working on, what's coming? (Besides the usual yearly updates to SS, COLA, inflation, etc.) Thanks.
A portion of my wife and I's state income taxes is exempt from tax income taxes. How do we account for that within ESPLanner?
With the growth of Roth IRAs/Roth 401ks, should these be broken out (displayed) in the reports? Perhaps these could be labeled "tax-sheltered retirement accounts" and "Roth retirement accounts" (or assets or something similar).
Does the regular assets income column of the total income report include unrealized growth of assets (such as increase in a stock or fund price), or only interest and dividends generated by the asset?
My survivor reports for both me and my wife show a substantial negative number in the regular assets column. Where is this coming from?
In the Monte Carlo/Build Portfolios dialog each asset in 'Asset class' has its "Average Real Return" listed.
But when hitting the 'new' button the 'Define a new asset' screen, question 2, states "Specify average nominal rate of..."
Just curious if others would be interested to see how/how much various profiles could be optimized. Sort of a challenge or game where we could learn from each other on how to get more out of ESPlanner and potentially to apply these insights for our own profiles.
It has been my experience that you don't get the same interest rate for borrowing versus saving - hence banks make money. Does ESPlanner use the same interest rate for negative regular assets (i.e. borrowing money) and positive regular assets (i.e. money in a bank account)?
I am not sure I understand how "upside investing" is supposed to work. For example:
1. What is the rate of return on stocks?
It isn't clear to me exactly how the Upside Investing logic works. I have a few questions below.
Why is retirement account last contribution key age minimum 59? How do you set earlier age at which you stop contributing to retirement accounts?
If you look at the help manual, page 61, you see that ALL Monte Carlo results are Less than the TIPS or projected. There is something I'm really missing. How is this possible and what does it mean? Is it really possible that all (95%) trajectories with stock end up worse than TIPS?
Just created a My Social Security.gov account and noticed that the government's current estimate of my SSA benefit is about 2% lower than ESPlanner. I'm assuming the difference is either due to inflation/cost of living assumptions, or some other assumption about the law going forward. I am 60.
How should we enter savings in a Health Savings Account (HSA)? I doubt it would be treated completely appropriately under "Supplemental Retirement Accounts" especially when it's more of a family account than an individual account.
I was making a much larger salary until this year. I resigned and started my own business in 2014. Since my projected earnings from 2014 and future years are significantly lower than what I have been earning, the calculated social security benefit when I retire is artificially low.
See: http://www.portfoliovisualizer.com , Backtest Portfolio Asset Class Allocation. Seems like it generates the #s Esplanner Plus needs. Compatible or potentially? (I have not messed with it yet, but became aware of the site today.)