Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Flexible Retirement Calculator question
Old 02-27-2016, 01:12 PM   #1
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 2,257
Flexible Retirement Calculator question

Someone mentioned this calculator which I wasn't familiar with. I just installed it and am taking a look.

Am I supposed to include taxes owed for the total yearly spending value or I don't need to? I wasn't sure so I thought I'd ask the experts here.

Thank you.
__________________

__________________
tmm99 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-27-2016, 01:50 PM   #2
Thinks s/he gets paid by the post
2017ish's Avatar
 
Join Date: Apr 2012
Posts: 1,843
I haven't used it yet, but take a look at the "documentation" area of the website for it, and in particular "user input." User Input | The Flexible Retirement Planner It discusses both tax rate input and spending in retirement input--the latter of which says
Quote:
The first input in this section is the Annual Retirement Spending (in current dollars) that needs to be funded during the retirement years. The value specified here should not include amounts needed for payment of income taxes on retirement income or investments since these are calculated and deducted automatically.
So, net of taxes.

Please post back with your thoughts after you've played with it.
__________________

__________________
OMY * 3 2ish Done 7.28.17
2017ish is offline   Reply With Quote
Old 02-28-2016, 10:59 AM   #3
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 2,257
Quote:
Originally Posted by 2017ish View Post
I haven't used it yet, but take a look at the "documentation" area of the website for it, and in particular "user input." User Input | The Flexible Retirement Planner It discusses both tax rate input and spending in retirement input--the latter of which says


So, net of taxes.

Please post back with your thoughts after you've played with it.
Thank you for the research!

I haven't played with it much, but right out of the box (without changing any input values), the spending dollars I get is lower than with any other retirement planning tools I have used (even after adding the tax part) - I am comparing it with Vanguard engine, FIDO RIP, Firecalc, i-orp, and cfiresim. I will have to look at the assumptions and input values to find out why.

It looks like you can save different scenarios and compare them fairly quickly, so that is good.
__________________
tmm99 is offline   Reply With Quote
Old 02-28-2016, 03:31 PM   #4
Full time employment: Posting here.
 
Join Date: Jan 2007
Posts: 585
Quote:
Originally Posted by tmm99 View Post
I haven't played with it much, but right out of the box (without changing any input values), the spending dollars I get is lower than with any other retirement planning tools I have used (even after adding the tax part) - I am comparing it with Vanguard engine, FIDO RIP, Firecalc, i-orp, and cfiresim. I will have to look at the assumptions and input values to find out why.
The best one that I have seen is VPW ---

https://www.bogleheads.org/forum/vie...0430&hilit=VPW
__________________
Cut-Throat is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Flexible Retirement Planner? Hangingitup FIRE and Money 8 10-13-2013 11:58 AM
Flexible Savings Account question for Feds Amethyst FIRE and Money 8 11-11-2012 11:44 AM
The Flexible Retirement Planner Focus FIRE and Money 5 06-11-2012 11:57 PM
"Flexible Retirement Planner" website ZMAN FIRECalc support 5 04-24-2008 08:18 PM
Flexible retirement options for military FlowGirl Young Dreamers 9 03-05-2006 07:12 PM

 

 
All times are GMT -6. The time now is 12:19 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.