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The Optimal Retirement Planner: Question
Old 02-12-2006, 07:20 PM   #1
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The Optimal Retirement Planner: Question

Found reference to this tool http://www.i-orp.com/TaxCutForm.html in some other posts here. Unlike Firecalc (thanks again Cptn' Bill), I don't see an easy way to reckon my 2 pensions kicking in at different times: FERS @ 54, and Military @ 60. Any pencilnecks out there with suggestions?

Thanks,

dc
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Re: The Optimal Retirement Planner: Question
Old 02-13-2006, 08:40 AM   #2
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Re: The Optimal Retirement Planner: Question

Quote:
Originally Posted by Dogcliff
Found reference to this tool http://www.i-orp.com/TaxCutForm.html in some other posts here. Unlike Firecalc (thanks again Cptn' Bill), I don't see an easy way to reckon my 2 pensions kicking in at different times: FERS @ 54, and Military @ 60. Any pencilnecks out there with suggestions?

Thanks,

dc
Are you married? Can you pretend one is your spouse's pension?
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Re: The Optimal Retirement Planner: Question
Old 02-13-2006, 08:46 AM   #3
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Re: The Optimal Retirement Planner: Question

Dogcliff -

I-ORP is a great retirement planner. *Sometimes one must adjust the inputs a little to get the result desired; *ORP has two places for inputting "Annual Pensions and other income, adjusted for inflation" and two others for "Annual Pension and other income, not adjusted for inflation". *The two values are meant to handle the retiree and a spouse but in your case you would, perhaps, want to enter an inflation-adjusted FERS pension amount at 54 under the retiree column and the inflation-adjusted Military pension amount at 60 under the spouse column. *

We use I-ORP as a great withdrawal suggestion tool. We have two inflation adjusted pensions and a fixed pension.

Best regards

JohnP
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Re: The Optimal Retirement Planner: Question
Old 02-13-2006, 12:14 PM   #4
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Re: The Optimal Retirement Planner: Question

Do I read the results to show after tax withdraws?
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Re: The Optimal Retirement Planner: Question
Old 02-13-2006, 03:32 PM   #5
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Re: The Optimal Retirement Planner: Question

Stellar solution... Thanks

dc
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