Join Early Retirement Today
Thread Tools Search this Thread Display Modes
are FireCalc withdrawals after tax dollars?
Old 05-31-2007, 02:56 PM   #1
Full time employment: Posting here.
Join Date: Jan 2007
Posts: 686
are FireCalc withdrawals after tax dollars?

Searched but didn't find this.

Sorry if this is an old question:

Is the amount of the annual withdrawal stated in gross or net - that is to say - is the amount in after-tax dollars or before tax dollars?


spncity 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 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 05-31-2007, 03:32 PM   #2
Recycles dryer sheets
Join Date: Jun 2002
Posts: 373
No...everyone's tax situation is different. You'll need to SWAG your annual post-retirement taxes and include that in your withdawal amount.


Cb is offline   Reply With Quote
Old 05-31-2007, 03:36 PM   #3
Thinks s/he gets paid by the post
SecondCor521's Avatar
Join Date: Jun 2006
Location: Boise
Posts: 1,943
It is an old question, but that's not your fault ;-)

The amount of your annual withdrawal should be enough to cover all of your expenses, whatever they might be. This would include any income taxes you owe each year.

"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
SecondCor521 is offline   Reply With Quote
Old 05-31-2007, 05:28 PM   #4
Full time employment: Posting here.
Join Date: Jan 2007
Posts: 686
Think yew veddy much!

Appreciate the info!
spncity is offline   Reply With Quote

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
Tax Rates now and 2011 Gearhead Jim FIRE and Money 25 12-10-2006 08:07 AM
Taxes tryan Other topics 0 12-08-2006 07:45 AM
Roth Conversion Tax Part 2 halo FIRE and Money 0 11-22-2006 11:29 AM
Correct Use of Firecalc? halo FIRE and Money 3 11-20-2006 05:39 PM
Ratio of taxed to tax deferred savings at ER nun FIRE and Money 34 04-27-2006 12:02 PM


All times are GMT -6. The time now is 02:09 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.