Inflation adjusted checkbox seemingly ignored
FIRECalc. What a great tool.
I've been running some scenarios in FIRECalc 3.0 and came across what could be something I don't understand or could be a bug.
On the "Other Income / Spending" tab, I enter a pension, say $10,000 starting in 2018. I remove the check in the "inflation adj?" checkbox, which I assume means that the amount will stay $10,000 annually and not be increased for inflation.
But what I see in the results is that $10,000 is indeed inflation adjusted in the calculations. This is verified by looking at the data and formula spreadsheet, which I generated using 1960 as the first year. The first pension payment is not $10,000 as it should be, but is inflation adjusted to $10,546, contrary to the clearing of the "inflation adj" checkbox.
In fact, checking or not checking the "inflation adj" checkbox makes no difference in the pension amount in the generated data and formula spreadsheet.
Do I not understand what that "inflation adj" checkbox means, or is this a bug?
FIRECalc. What a great tool.
I've been running some scenarios in FIRECalc 3.0 and came across what could be something I don't understand or could be a bug.
On the "Other Income / Spending" tab, I enter a pension, say $10,000 starting in 2018. I remove the check in the "inflation adj?" checkbox, which I assume means that the amount will stay $10,000 annually and not be increased for inflation.
But what I see in the results is that $10,000 is indeed inflation adjusted in the calculations. This is verified by looking at the data and formula spreadsheet, which I generated using 1960 as the first year. The first pension payment is not $10,000 as it should be, but is inflation adjusted to $10,546, contrary to the clearing of the "inflation adj" checkbox.
In fact, checking or not checking the "inflation adj" checkbox makes no difference in the pension amount in the generated data and formula spreadsheet.
Do I not understand what that "inflation adj" checkbox means, or is this a bug?
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