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What does a year start in FireCalc ?
Old 11-03-2016, 05:36 PM   #1
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What does a year start in FireCalc ?

FC allows you to enter a year for quite a few events - - - when to retire, when to begin receiving SS or pensions, when to add or subtract to your portfolio, etc. I assume, but am not sure, that the event would be measured from today vs. January 1 or some other day. For example, if I say I will retire in 2018, it assumes it is two years from today, and not on 1/1/018. Is that right? It may not make much difference if retirement is 20 years away, but if it 2018 or 2019, it can make a difference. Does anyone know?
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Old 11-03-2016, 05:50 PM   #2
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All FIRECalc years begin on January 1.
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Old 12-29-2016, 04:08 PM   #3
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Originally Posted by REWahoo View Post
All FIRECalc years begin on January 1.
When I leave it at 2016 then change it to 2017 which is only a few days away, it has a significant change in the low,high an d average amounts
Which shouldn't happen in 3-4 days?

Please straighten me out
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Old 12-29-2016, 05:30 PM   #4
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Originally Posted by sayhey24 View Post
When I leave it at 2016 then change it to 2017 which is only a few days away, it has a significant change in the low,high an d average amounts
Which shouldn't happen in 3-4 days?

Please straighten me out
Thanks 24
FIRECalc works in one year increments. The program doesn't know that 2017 is only 3 days away, it only knows you changed the input from 2016 to 2017, a difference of a full year.
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Old 12-30-2016, 04:44 AM   #5
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Originally Posted by REWahoo View Post
FIRECalc works in one year increments. The program doesn't know that 2017 is only 3 days away, it only knows you changed the input from 2016 to 2017, a difference of a full year.
IIRC FC also messes up if your SS input is not a current or future year. Even if you started taking SS in 2005, if you enter 2005 you get an incorrect result.

I could be wrong but seems to me I got a strange number once when I entered a past year. Or am I, as often, mistaken?
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Old 12-30-2016, 04:53 AM   #6
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IIRC FC also messes up if your SS input is not a current or future year. Even if you started taking SS in 2005, if you enter 2005 you get an incorrect result.

I could be wrong but seems to me I got a strange number once when I entered a past year. Or am I, as often, mistaken?
You are correct:

Use only current or future dates for FIRECalc!
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