 Quote:
Originally Posted by bizlady
I am confused about one item in the retirement planner of Quicken.
Hypotetically, if I budget $50,000 a year in expenses, and set inflation at 3.5%--
then does the plan assume I would withdraw
$50000 in ACTUAL DOLLARS year 1
$51750 year 2
$53561.25 year 3 etc??
When a new year pops up, the planner says $50000 again, so that is what is confusing me.....
|
Quicken uses current dollar values for its retirement planner. So all amounts quoted in the planner are 2009 dollars.
|