When I model Roth rollovers to leave to my kids, I do so by making special withdrawals from our retirement accounts then matching special expenditures (non-tax related). These matching special expenditures essentially remove the money from possible use in calculating our living standard.
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In this topic on stock options, distinction was made between wages and taxable special income, with respect to the FICA Medicare part A tax. That brought a question to mind.
Page 10 of the PDF report lists all 10 portfolios, whether they are used or not. Why not only list the portfolios that are used and designate which is used for Regular Assets and which is used for Retirement Accounts?
In the Build Portfolios tab of the Monte Carlo input screen, is there a reference source, perhaps index and historical time period, for the Mean Return of each default Asset Class?
What is the best way to input employer granted options that are granted annually and exercised on a regular schedule after vesting? They are non-qualified (vs. incentive) stock options if that matters.
When I enter husband and wife CURRENTLY receiving SS, the report drops the wife's income to Zero after the first year. What am I doing to make this happen?
I put my annual bonus into a deferred compensation plan which defers all taxes until withdrawal, the withdrawal is in 10 annual installments beginning at retirement. How should I enter this?
Mike O'Connor recently commented that the software calculates SS benefit differently from SSA, and implied that a 1% difference is to be expected. In my case the software result is 3% higher than SSA. Is this difference within the margin of error for the software?
The "Ask A Question" page, at the bottom, shows 6 pages. But only page 1 has any content. Is that correct or are the other pages "missing"?
If you are younger than age 65 you may qualify for health care subsidies and are required to carry health care insurance. Figuring the subsidy manually is a bit obtuse since it is based on your household’s MAGI (modified adjusted gross income).
How best to model a future move to a Continue Care Retirement Community to make sure that such a move is financially feasible? I.e. to compute current spending level assuming such a move is desirable in the future.
I can't get this to work or find instructions on how to do it. I want to examine the scenario of selling a property (not my home) in 2016, use the proceeds to payoff the mortgage concurrently, and use the remaining proceeds to pay down a mortgage on a second property.
In short How do I model term life insurance expiration?
The program offers a way to import an asset file ("File"/"Import Asset Data ...") but the way to create this file is not documented in the Help Manual and not mentioned in the Forum.
For a 401-K, is there a way to differentiate (via data input) (1) the portion of a 401-K balance that is attributable to pre-tax contributions, employer matches and earnings on the account, from (2) the portion of the balance attributable to after-tax contributions?
I have the following entered as special expenditures for 2015
50,000 9,600 4,800 = 64,400 -- the report from calculation comes up with a special expenditure of 84,647 for 2015. Other years appear to be correct.
New user - I am unable to get the retirement account screen tab "key ages" to save the ages I am inputting. It accepts age 69 for last contribution and age 70 for first withdrawal, but when I run a report it defaults it back to ages 64 and 65.
ESPlanner is calculating a slightly different 2015 SS benefit amount than what we're receiving. The error is small,less than 1% too high. Could this be a rounding error? How does the program use the monthly SS benefit amount entered in the Social Security window?
I have two kids in college. One of them being a senior, I have experience getting educational tax credits. I'm considering adding those tax credits as non-taxable income in the years I anticipate getting them.
I have updated to 2.29 and it is affecting my 529 Plan. This update does not into consideration previous money into 529 Plan. This has a significant effect on discretionary spending, recommended amount for savings, recommended amount for life insurance, and living standard per adult.