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Use this Question Forum to ask questions about how the software works, how to model different "what if" cases, or other user-related question. If you have a support issue (something seems to be wrong with the software) then please create a support ticket. How to browse this forum: SCROLL and click titles to read complete question/answer, use the FILTERS below, pick from TOPICS on the list at right, use the SEARCH BOX (see also "advanced search" when you use it), choose from RECENT COMMENTS at the right below.

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Tags: saving

The question of when to take Social Security still bothers me, despite hearing the arguments and seeing the impact in ESPlanner. I'm curious to see what ESPlanner would say if I took Social Security now and invested the monthly payments, versus waiting and potentially getting less, or nothing.

This question was address in 2014 in "Social Security Inflation Rate unrealistic" but what to do about the issue was not addressed.

Hello, I am a 3-week user trying to confirm ESP aligns to some degree with my simple spreadsheet planning.

Tags: buy-in

My mother is retired and is going to move to a retirement community. The retirement community has a buy-in fee ($267k).

I own:
Rental property A (single family home) that has zero mortgage balance.
Rental property B (single family home) that has a current $80K mortgage balance.
Primary residence property C that has a current $150K mortgage balance.

Tags: Stock Sale

I sold stock this year, 2019, for a long term capital gains. How should I enter this into special receipts? What changes should I make to the Individual Stock values I entered in Assets and savings as of 31Dec18?

I plan on installing a home solar system this year (2019) and capture the Federal Solar Income Tax Credit among other incentives. The tax credit may roll over to following years if one doesn't have enough income tax liability to offset it immediately. How should I enter this in ESP?

I am 68 and my wife is 60. I am running the program with the assumption that both of us have not collected or applied for Social Security as of yet and we both planning on claiming on our own SS accounts, I at 70 she at 62.

Unable to open ESPlanner - INSTALL on my macbook air.

While I understand the purpose/suggestion of life insurance, can I remove it from my annual cost? Perhaps the SW should just suggest the amount and the user can add the specific cost. Having the amount in the reporting is just confusing.

Why very often in the first year Savings goes into Discretionary expense ?

Thank you, Max

Tags: monte carlo

I am interested in understanding how the MC function uses data and does its calculations.

Under Retirement Accounts/Smooth Withdrawals, ESPlanner asks the user to specify percent of assets to be annuitized. Does this refer to self-annuitization, or does this refer to annuities that I plan to buy? I don't plan to purchase any annuities at this point.

I know what an annuity is, but the word "annuitize" can mean different things. In Retirement Accounts/Smooth Withdrawals, ESPlanner asks the user to specify the percent of retirement assets to be annuitized.

that act lets me exclude $250k for single person OFF the capital gains. How do I indicate this in esplanner

I am unable to run a survivor's report with contingent planning. I have the following error log:

I'm running the latest version 2.38.3. I entered a test family with conventional planning and sufficient assets for a comfortable retirement. But the reports could not be produced because of a computation error below.

Tags: Cancellation

My subscription to ESPlanner Plus ends in early May. Since I recently purchased MaxFi Premium I no longer need ESPlanner. I want to cancel the subscription before it renews.


Tags: monte carlo

When I create a report assuming conservative spending (zero real investment return), my Monte Carlo results (at page 128) show that the "Zero Real Return" and the "Specified Mean Real Return" are the same.

Tags: MaxiFi

Just now seeing that there is a new software produce called MaxiFi. Will MaxiFi eventually replace ESPlanner? Or is it designed to compliment ESPlanner?

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.

Tags: Inflation

I've set inflation in the assumptions to 6%. However, my property tax is capped at 2%. To fix this discrepancy I removed property tax from the Primary Home field and entered it as a special expenditure. If I grew it at 0% it would increase by 6% so I grew it by a -4%.

Tags: Roth

Running reports and noticed that I have no balance data (all 0) in the Roth IRA column of the retirement accounts detail report. What can be wrong?

It appears that ESP's Social Security capabilities do not model the case of someone who becomes a disability annuitant prior to retirement age.


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