Flexible Retirement Planner -- August 2021 Update

[schenbew]

While checking out the Flexible Retirement Planner (FRP) website tonight, I learned that FRP was updated to version 4.4 in August 2021.

In the past I found FRP to be a very powerful and useful planner, and a great complement to Firecalc. The new upgrades have made FRP even more powerful, addressing more unique circumstances, and greatly increased FRP's usefulness.

Specific upgrades/improvements (from the developer) in ver 04.04.01 include:

- Added support for ROTH conversion cash-flow type in Additional Inputs.
- Updated IRS Uniform Lifetime Table for RMDs from 2002 version to 2022 version.
- Added option to withdraw from tax deferred portfolio first.
- Added presets for Retirement Year-5 through Retirement Year+9 in Additional Inputs.
- Moved Min IRA Withdrawal Age input to Settings and added early withdrawal penalty percent.
- Changed startup config to set heap using max_heap_size instead of max_heap_percent
- Updated jre to latest version.
- Added 2 decimal places to prob of success in detailed view table.

The link to FRP's support and download page can be found here:

https://www.flexibleretirementplanner.com/support/viewtopic.php?f=7&t=1399

 

[mountainsoft]

Thanks for sharing this info. I updated to the latest version last month. It was nice to see some of the changes, but I really haven't made use of them. I was looking forward to the new Roth conversion input, but found I liked my old method better (-$X from my traditional, +$X to my Roth, -$X from taxable to pay the taxes). Three inputs instead of one, but it lets me specify where the taxes come from. It also seems a bit more "pessimistic" in the outcome, which I prefer in my estimations. Better to think the worst and be pleasantly surprised if things turn out better.

 

[willing2try]

Thanks for the heads up. I'll update my version now. FRP is my favorite tool, because it's the most, well, flexible one that I can find.