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FIRECalc and taxes
Old 02-21-2011, 12:29 PM   #1
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FIRECalc and taxes

IS the amount of Spending supposed to be entered as a pretax value? That is if we spend $50,000 a year do I enter $50000, or do I assume some tax rate of like 20% and therefore enter $62500 for the amount of yearly "spending?"

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Old 02-21-2011, 01:13 PM   #2
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The higher amount. You have to include taxes in the withdrawal amount that you give FIRECalc.
And if I claim to be a wise man, it surely means that I don't know.
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