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Lump sum in Advanced FireCalc
Old 05-23-2006, 11:03 PM   #1
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Lump sum in Advanced FireCalc

Is the value entered for the Add or Subtract Lump Sum amount adjusted for inflation or un-adjusted in the calculations?
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Re: Lump sum in Advanced FireCalc
Old 05-24-2006, 05:13 AM   #2
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Re: Lump sum in Advanced FireCalc

Quote:
Originally Posted by Papi
Is the value entered for the Add or Subtract Lump Sum amount adjusted for inflation or un-adjusted in the calculations?
Yes, they are adjusted. I didn't add an option to turn that off, because unlike the case with some pensions, most mortgage payments, and related changes to annual income, most future lump sums seem to change with the economy. I revised the wording to make it clearer.

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Re: Lump sum in Advanced FireCalc
Old 08-12-2006, 04:34 PM   #3
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Re: Lump sum in Advanced FireCalc

I still do not fully understand this.

Example: in 2025 I am going to get a sum of $100.000.

So, should I simply enter "100.000" in "2025"?

Or, should I calculate what $100.000 in 2025 is worth in today's dollars, given an average inflation percentage, and then enter that calculation result in the table?

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Re: Lump sum in Advanced FireCalc
Old 08-12-2006, 04:40 PM   #4
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Re: Lump sum in Advanced FireCalc

Enter the exact amout you plan on recieving in 2025. If you plan on getting $100K, enter that amount.

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Re: Lump sum in Advanced FireCalc
Old 08-12-2006, 04:51 PM   #5
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Re: Lump sum in Advanced FireCalc

Thanks!

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