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Tags: Inflation

I want to confirm Net Estate is real dollars. My understanding is that assets and retirement accounts grow at the specified nominal rate, adjusted by the inflation rate specified in Assumptions. The Net Estate, then, should be stated in real dollars, correct?

I have a non-qualified deferred compensation that is distributed quarterly, and the distribution depends on the value of the underlying securities. I am trying to figure out the best way to input this into ESPlanner.

Housing expenditures fall year over year, because the Mortgage amount falls year over year. Property tax and insurance are constant. What is causing the mortgage number to fall? The actual payment is fixed.

How would you suggest modeling in 12 years selling our primary home and using the proceeds to use as the entrance fee (which would then be 90% refundable at our deaths to our estate)for a CCRC. We would also have a monthly maintenance fee.

Tags: medicare

I noticed in ver 2.37.0 that the Medicare Part B premium for 2018 has been increased by the inflation rate I've used in assumptions. Could you please explain the logic for this? It seems to me that it should not be increased at least for 2018 by inflation.

My wife and I would like to convert $10,000 each per year from our regular IRAs to our Roth IRAs from now (we are in our early 60's) until we each reach 70. Since we are currently retired, we will be making no other contributions to our retirement accounts aside from the Roth conversions.

I seek guidance on 401k distribution strategies to include Roth conversions.

More specifically, I seek 401k withdrawal tools which model withdrawal strategies that would include Roth conversions or other concepts that consider loss risk, tax liability, inflation, etc.

I may be laid off soon and tried to capture the changes in ESP. I was surprised to see the Recommended Life Insurance bump up to much higher than before, actually from reducing insurance to increasing it to $475k. I would retire about a year earlier than planned and previously modeled.

Tags: 401k loans

I will take a hiatus from work during which I'll need to use our tax-deferred accounts. If I take a withdrawal I have to pay taxes and can't put it back. My wife will be continuously employed. If we take a loan from her 401k we won't pay taxes on it and can replete it when I return to work.

I am performing Economics-Based Planning. On the Economic Assumptions for the Nominal Rates of Return for both Regular Assets and Retirement Accounts, I'd like to model the expectation of reduced returns over the next 10 years.

I'm 71 and receiving SS since I was 66; my wife is 66. She just filed and suspended (until 70). She is receiving the spousal benefit in the meantime, but I can't get ESPlanner to recognize that. How do I enter the data? I have pasted all the past earnings into ESP, fyi.

Tags: taxes

Will the next release of ESPlanner that incorporates the new Tax law changes calculate taxes with & without itemized deductions?

I understand from a prior post that it is not possible for the user to take a 'current' data base, create a renamed copy of it, and then through ESPlanner, make what seems should be a simple change of marital status in the new data base.

My plan is to sell existing house, then rent, in 2028. In ESP program, in Primary Home, Current Home tab, entered market value, prop. tax, insurance, etc. (no mortgage, so all zeroes).

Tags: monte carlo

My Standard of Living results have previously made sense, or at least I didn't notice that they didn't.

I'm considering leaving my salary job to become a consultant/contractor. One option is forming an S corp vs being a sole proprietor. It seems that ESP properly handles the SS tax part of a sole proprietorship, but what are the ramifications of doing business as an S corp?

We will release our annual update of federal income taxes based on previously existing law, i.e. prior to the Tax Cuts and Jobs Act (TCJA) of 2017, on 7 Jan 2018 after IRS's scheduled 5 Jan update of final 2017 forms and instructions.

Tags: asset values

When I enter savings account and 401k amounts, I enter the data as of the beginning of the calendar year (for example, January 1, 2017) and then do not change those entries until January of the following year.

ESPlanner 2.36.0 is now publicly available. The release notes are available here:

I must be doing something wrong - I've experimented with different nominal rates of return on regular and retirement assets, and changed inflation assumptions as well, in order to test the impact of changes in real rates of return on discretionary spending and end-of-life net worth, yet discreti