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I've been a steady user for the past 5 years and just renewed my subscription of ESP Plus. Comparing outputs after the upgrade to 37.2 for 35.2, I seem to have lost a considerable amount of SS benefits (from 34,636 down to 33,382).

Tags: monte carlo

Why are annual discretionary spending recommendations so much lower than the average standard of living forecast from the monte carlo simulations?

Tags: IRA

Does anyone have advice on the best way to model contributions to a non-deductible IRA in ESP?

Hi, I have been reading a book that advocates an methodology that appears to be what I would call "rolling window" upside investing. My question is how to model this methodology with the existing software.

I'm unclear as to what to record as self-employment income as a sole proprietor. How do I record $150K income (before self-employment taxes) and $28,000 profit-sharing contribution (from that $150K income) to my Solo 401k?

I currently live in one unit of a two family home, and rent out the other unit. In ESPlanner Plus, I represent this by splitting certain costs and the purchase price between the primary home tab and the real estate tab, which seems to work well.

Can you please explain the statement on the pass-through deducttion tab? "If your QBI is other than ... enter it as a special receipt that is taxable at ordinary income tax."

Would it be possible to get the indexes that ESPlanner uses for the non-DFA funds? I'm trying to create a spreadsheet with nominal historical returns for a side analysis and want to use the same source.

Tags: taxes

Just wondering when MaxiFi Planner and ESPlanner will include updates for the TCJA. I'm working with a client who is a "Specialized Trade or Business" and need to see the impact of the 20% pass-through deduction (among other things). The tax differences under TCJA could be significant.

In normal circumstances I use special withdrawals in some years to keep regular assets > 0. That avoids breaks in our LSPA.

Tags: 529

I see I am able to input the current balance of a 529 account, and schedule withdrawals. I expect to contribute 15K to this account each year for the next 5 years. How to I do this? Negative withdrawals???!!

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.