Question on firecalc
When you enter a yearly spending amount and then tell firecalc you are going to retire in the future - does it adjust the spending for cost of living?
In other words if I say I need 10K a year but I am retiring in 2010 does it adjust the 10K to a higher number based on the CPI (or selection inflation rate) for an additional 3 years?
I have assumed that it does but I can't find anything that tells me that for sure.
Thanks.
When you enter a yearly spending amount and then tell firecalc you are going to retire in the future - does it adjust the spending for cost of living?
In other words if I say I need 10K a year but I am retiring in 2010 does it adjust the 10K to a higher number based on the CPI (or selection inflation rate) for an additional 3 years?
I have assumed that it does but I can't find anything that tells me that for sure.
Thanks.
