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I would like one table that tells me and my wife, for my a given level of spending, the required smooth withdrawal rate and the effect on my assets over the time horizon. When I do this in Conventional Planning I get a huge level of spending in the current year.

Hi All-

Given the precarious financial state of SS, I am wondering what adjustments are being made by users as to benefit taxation or reductions. ESP clearly allows for you to adjust some parameters and by different dates. Anyone come up with reasonable ideas?


My wife receives a non-covered pension from a state teachers retirement system. She receives a flat amount, not a percent, of a COLA increase annually (e.g. $800/yr). I entered her pension as non-covered with zero % annual increase in ESPlanner.

1. Expenses tab, item #5: Is the growth percentage real growth over and above inflation rate?

It would be nice if ESPlanner allowed an input for non-spousal inherited IRA's. Is this something that might be considered in the future? It seems like it would be easy enough to do - just add the decendents date of death and then the account balance.

ESPlanner does not seem to be implementing a WEP reduction to my social security benefits. My situation is the following: I am 70+ and began receiving SSA benefits a few months ago based on covered employment early in my career.

I have defined Default as the portfolio for my wife's and my retirement assets, and Portfolio 2 for our non-retirement assets.

I have gotten much out of the use of ESPlanner over the years, so thanks!

I'm getting error message: "An unexpected err has occurred:
Error Number: 1004
Error Desc: 'C:\Users\Bob\Documents\My ESPlanner\xxxxx.xls' could not be found. Check the spelling of the file name, and verify that the file location is correct.

I'm just starting to play around with user-defined assets.

Why is there no “relative risk” for new funds that I’ve added? Does this matter? Will this affect the way Monte Carlo results are calculated?

Tags: Balances

I could've sworn I knew the answer, but can't find it documented to confirm.

Are balances --- e.g. Net Worth report for 2015 -- reflecting the value as of 01/01/2015 or 12/31/2015?


Tags: monte carlo

I have been playing with ESPlanner for the better part of a month, and like Dan Royer, I have come to rely primarily on the simple “economics-based planning” method, even though the Monte Carlo capability was an attractive point in choosing the software.

Tags: withdrawls

The User Manual indicates that, at least for retirement accounts, that withdrawals will occur in the order specified on the Smooth Withdrawal screen, i.e. say IRA's before Roth IRA's.

Because social security is cola adjusted over the years, is the NPV effectively the sum of all years collected? I'm using this to calculate total assets for portfolio asset allocation.

On page 34 of the User Manual is says "Thus, we have a spreadsheet you can use [linked here] to get the data based on readily available numbers from Morningstar, Yahoo, or your fund prospectus." The link doesn't work (kicks me out to page that denies access whether I'm logged on or not.

In the year 1, 2015, on the Retirement Account report the displayed retirement income is calculated using the real rate of return but the displayed retirement assets include retirement income that has been calculated using the nominal rate of return.


When I enter $450000 for value of home and $420,000 for value of home it show my equity as $450,000. I enter the mortgage information but it goes away when I go to another section of the program my Loan Balance is $290,000 so my equity should be $160,000.00

Tags: Bonds


I'm wondering what the correct way to enter muni bonds. I have them as a bond and cd under regular assets and have also indicated the percent of regular assets in municipal bonds. Is the interest I receive based on the rate and inflation percents i enter in regular assets?

Tags: asset income

In my model, asset income savings (in the 'current saving' section of the report) is greater than asset income (in the 'total income' section of the report) by about 10%. Seems counter-intuitive, why is that?

Tags: Optimization

Hi Brian,

I posted a comment in the original thread, and then realized it might be missed because someone would have to search for that thread in order to see the new comment. So I thought I'd repeat my post here...