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What does a year start in FireCalc ?
11-03-2016, 05:36 PM
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#1
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Dryer sheet aficionado
Join Date: Dec 2015
Posts: 27
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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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11-03-2016, 05:50 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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All FIRECalc years begin on January 1.
__________________
Numbers is hard
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12-29-2016, 04:08 PM
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#3
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Dryer sheet aficionado
Join Date: Feb 2010
Location: Rockies
Posts: 33
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 Quote:
Originally Posted by REWahoo
All FIRECalc years begin on January 1.
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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
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12-29-2016, 05:30 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by sayhey24
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.
__________________
Numbers is hard
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12-30-2016, 04:44 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2011
Posts: 8,418
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Quote:
Originally Posted by REWahoo
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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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?
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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12-30-2016, 04:53 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by marko
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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You are correct:
http://www.early-retirement.org/foru...alc-67540.html
__________________
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