Firecalc - Entering Portfolio Info
I have a question that I'm sure has an easy answer, but I'm not seeing it.
I understand from other posts that the "spending" estimate assumes pre-tax dollars. But I'm still a little confused on the "portfolio" entry.
If I have say...$1M in a 401K or any taxable account and I have $1M in a brokerage account only being taxed on the growth, it seems that if I enter $2M in that section, I'm not giving the proper weight to one of them. For purposes of this example, the latter has no growth yet and was already taxed when I cashed out company stock options.
Meaning, I know the $1M in after tax money is worth more than the 401K dollars, but no distinction is made between the two if I enter $2M in that section.
What am I missing and/or how much would you enter into that section for your calculation?