The Optimal Retirement Planner: Question

[Dogcliff]

Found reference to this tool http://www.i-orp.com/TaxCutForm.html in some other posts here. Unlike Firecalc (thanks again Cptn' Bill), I don't see an easy way to reckon my 2 pensions kicking in at different times: FERS @ 54, and Military @ 60. Any pencilnecks out there with suggestions?

Thanks,

dc

 

[Martha]

Found reference to this tool http://www.i-orp.com/TaxCutForm.html in some other posts here. Unlike Firecalc (thanks again Cptn' Bill), I don't see an easy way to reckon my 2 pensions kicking in at different times: FERS @ 54, and Military @ 60. Any pencilnecks out there with suggestions?

Thanks,

dc

Are you married? Can you pretend one is your spouse's pension?

 

[JohnP]

Dogcliff -

I-ORP is a great retirement planner.  Sometimes one must adjust the inputs a little to get the result desired;  ORP has two places for inputting "Annual Pensions and other income, adjusted for inflation" and two others for "Annual Pension and other income, not adjusted for inflation".  The two values are meant to handle the retiree and a spouse but in your case you would, perhaps, want to enter an inflation-adjusted FERS pension amount at 54 under the retiree column and the inflation-adjusted Military pension amount at 60 under the spouse column.  

We use I-ORP as a great withdrawal suggestion tool. We have two inflation adjusted pensions and a fixed pension.

Best regards

JohnP

 

[nellieb]

Do I read the results to show after tax withdraws?

 

[Dogcliff]

Stellar solution... Thanks

dc