Firecalc asks for annual spending.
Is this after tax spending?
... or is it assuming this is the gross withdrawals from your assets each year?
The term "spending" to me means the actual amount you spend each year as a consumer. This is also after tax money. Your asset withdrawals would have to be bigger to account for taxes.
Is this after tax spending?
... or is it assuming this is the gross withdrawals from your assets each year?
The term "spending" to me means the actual amount you spend each year as a consumer. This is also after tax money. Your asset withdrawals would have to be bigger to account for taxes.