Doesn't FIRECALC need your tax deferred %?

[fjfino]

New user...why don't I have to break my portfolio value down into tax deferred (401k/ Roth) and "after tax" accounts...won't that impact my results. For ex. If I have to tap tax deferred before 591/2...I will have to include a penalty and could spend that..,.,just curious.

 

[fjfino]

New user...why don't I have to break my portfolio value down into tax deferred (401k/ Roth) and "after tax" accounts...won't that impact my results. For ex. If I have to tap tax deferred before 591/2...I will have to include a penalty and could spend that..,.,just curious.

Correction..."and could NOT spend that.,,

 

[Alan]

FIRECALC doesn't account for any taxes - that is up to you to estimate.

A calculator that does take into account taxes is i-ORP.

http://www.i-orp.com/

 

[fjfino]

Ok..that would explain it...
Thanks.

 

[donheff]

Yup, your individual taxes don't effect what your portfolio generates just what you get to spend from it. It is much easier and a lot more accurate to run personal scenarios in Turbo Tax than to try to account for the impact of taxes in the retirement calculator software.