I'd like to try out the impact of a period-certain annuity in my FIRECalc model. (I know, you hate annuities for good reasons, but bear with me.) I haven't found a way to model them in. Here are ways I thought of that are no good:
1. Entering Pension Income
Why it won't work: This continues the annuity income through the end of the plan, and I'd like to try other periods.
2. As a workaround, manually entering Expenses, but first subtracting the annuity income
Why it won't work: FIRECalc inflates expenses, and the income I'd like to try won't inflate. So it would come out too optimistic. I could manually inflate expenses before subtracting the annuity income, but then I think FIRECalc will re-inflate the difference. Maybe I need a formula like (manually inflated expenses - income) * (some kind of factor here to counterbalance the re-inflation that will result)?
3. As another workaround, entering income until a given year on the Not Retired tab
Why it won't work: FIRECalc then assumes no withdrawals until that year, which wouldn't be the case.
Has this been asked before? (I searched but these boards are new to me and I hope I didn't just miss it.) Or should I ask it on one of the busier boards?
I'd also like to try modeling in alternatives like CD's, CD ladders, bonds, and bond ladders. I don't know how to do that, either. So if things like this have been asked and answered, I'd love to be pointed in the right direction. Thanks!
1. Entering Pension Income
Why it won't work: This continues the annuity income through the end of the plan, and I'd like to try other periods.
2. As a workaround, manually entering Expenses, but first subtracting the annuity income
Why it won't work: FIRECalc inflates expenses, and the income I'd like to try won't inflate. So it would come out too optimistic. I could manually inflate expenses before subtracting the annuity income, but then I think FIRECalc will re-inflate the difference. Maybe I need a formula like (manually inflated expenses - income) * (some kind of factor here to counterbalance the re-inflation that will result)?
3. As another workaround, entering income until a given year on the Not Retired tab
Why it won't work: FIRECalc then assumes no withdrawals until that year, which wouldn't be the case.
Has this been asked before? (I searched but these boards are new to me and I hope I didn't just miss it.) Or should I ask it on one of the busier boards?
I'd also like to try modeling in alternatives like CD's, CD ladders, bonds, and bond ladders. I don't know how to do that, either. So if things like this have been asked and answered, I'd love to be pointed in the right direction. Thanks!