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58 and frustrated...
Old 03-03-2014, 05:54 PM   #1
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58 and frustrated...

Hi all, I'm 58 and been retired for 2 years.

I'm playing with numbers on the FireCalc calculator, and trying to figure out how to input rental income that will last another 7 years or so.

Can anybody help me out?

Thanks, Trix55
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Old 03-03-2014, 05:58 PM   #2
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One way is to put it in as Pension Income on the Other Income/Spending tab, and an equal amount as Off Chart Spending starting in the year the rental income ends.
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Old 03-03-2014, 05:59 PM   #3
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Go to other income/spending tab, look at bottom of screen, put in annual amount as pension income, start year.

Next, put in start year, classify as off chart spending, then amount.
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Old 03-03-2014, 06:00 PM   #4
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Ah, I will try that. Thank you.
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Old 03-03-2014, 06:01 PM   #5
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Just a guess, but....

Put an entry into Pensions on the Other Income/Spending tab for the rental income starting now and then put in an offsetting Off Chart Spending entry for the same amount beginning in 8 years from now.
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Old 03-03-2014, 06:03 PM   #6
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I obviously type slower than braumeister and golfnut.
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Old 03-03-2014, 06:45 PM   #7
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Quote:
Originally Posted by Trix55 View Post
Ah, I will try that. Thank you.
Note I made a mistake, need to put in annual amounts, not monthly.
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Old 03-03-2014, 08:35 PM   #8
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No worries Golfnut, I was able to figure that part out!

Thanks.
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