Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Same result with and w/o SS
Old 12-25-2010, 04:04 PM   #1
Recycles dryer sheets
 
Join Date: Nov 2003
Location: Charlotte
Posts: 360
Same result with and w/o SS

I seem to get the same projection with or without SS $ entered at other spending tab. It is like the SS $ are not picked up at all. Can't see what I am doing wrong!
__________________

__________________
WilliamG is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-25-2010, 04:15 PM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,107
I just did two FIRECalc runs, one using the default numbers and one with default plus $10K in SS starting in 2015. The default showed a 94.5% success rate (6 failures), adding SS reduced the failure rate to 0.

Looks like it's working OK to me.
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 12-25-2010, 04:22 PM   #3
Recycles dryer sheets
 
Join Date: Dec 2006
Posts: 154
I have run the scenarios with and without SS.
There is a big difference when I take out the SS payments.
Less income and lower success rate.
__________________
theloneranger is offline   Reply With Quote
Old 12-25-2010, 05:02 PM   #4
Recycles dryer sheets
 
Join Date: Nov 2003
Location: Charlotte
Posts: 360
thanks for the responses guys. just did some more experimenting. i had been putting in starting year of 2009 for wife and my SS. We are already retired and wanted calculations to reflect already on SS. I just changed the year to 2010 and the calculations are finally different and appear to reflect the SS $! I guess you must have to put in current year for SS already started!?
__________________
WilliamG is offline   Reply With Quote
Old 12-25-2010, 05:15 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,420
I just did an experiment and experienced what the OP described. If one enters the start of SS in a past year, FIRECalc ignores it as if it does not exist. Looks like a bug or at least a deficiency to me.
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is offline   Reply With Quote
Old 12-25-2010, 05:25 PM   #6
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,107
Yep, FIRECalc won't accept start dates prior to the current year for SS, spending changes, etc.

I recall a discussion with Dory about his reason for designing the program this way but it's been a while. You might search this ("FIRECalc support") forum to see if it shows up.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 01-01-2011, 12:52 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Yep, you must have SS start in the current year or a future year. And it's clear why. But I don't know why dory chose to have SS entered with a prior year start date be ignored rather than sending an error message or similar.

I had to go through the same trial and error experimenting as OP to figure it out.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 01-08-2011, 12:31 AM   #8
Dryer sheet wannabe
 
Join Date: Dec 2010
Posts: 20
Might be useful to have a sticky "quirks" thread so people can learn about things like this.
__________________
Bongleur is offline   Reply With Quote
Old 01-08-2011, 08:58 AM   #9
Recycles dryer sheets
 
Join Date: Jan 2008
Posts: 384
Sounds similar to the bug/quirk I reported here: bug in "Investigate" tab?

In my case, I accidentally had a past date for "What year will you retire?" in the "Investigate" tab. That caused FireCalc to ignore any SS or pension numbers.

Would be nice if FireCalc raised an error like "You can't enter past dates here, dummy!" rather quietly ignoring certain numbers.
__________________
JoeDreaming is offline   Reply With Quote
Firecalc ignores pension
Old 02-07-2011, 12:07 PM   #10
Recycles dryer sheets
 
Join Date: Nov 2002
Posts: 373
Firecalc ignores pension

Looks like I just tripped over the same thing. Pension and other adjustments are now quietly ignored if 2010 is the starting year, just like SS.

I can hypothesize that old years are invalid because inflation adjustments would need to be made to the numbers, causing a lot of extra work and in some cases impossible work (i.e. adjust the inflation for 30 yr runs starting at earliest year of historical data). But the number for the year needs to have a warning or flag or something - the results are just wrong when it is ignored.
__________________

__________________
wzd is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Detailed spreadsheets from result page in REAL terms or NOMINAL terms?? FUEGO FIRECalc support 1 04-03-2011 06:21 AM
2 Different Spending Models but Same Result...What Up? pinot FIRECalc support 8 06-03-2010 09:23 AM
Shouldn't Rebalancing Result in Higher Returns? ejman FIRE and Money 26 08-28-2008 04:26 AM
A surprising research result...and still no cure for cancer... cute fuzzy bunny Other topics 13 08-01-2007 05:44 PM
Bragging about work stuff - SS Disability-good result! Fireup2020 Other topics 7 05-27-2007 10:30 AM

 

 
All times are GMT -6. The time now is 04:47 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.