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]

Quote:

Originally Posted by 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

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