dory36,
I have a question about FireCalc, just want to be sure I'm doing it right.
For the first 5 years, I want to withdraw a small amount, say 15k, not adjusted for inflation. I will be working part time and can make up the difference. In year 6, I will begin an inflation adjusted withdrawal of say 30k.
In the first entry place, I entered an initial withdrawal of 0 because it is inflation adjusted and I don't want that.
In Withdrawal Change 1, I put 15k starting in year 1, and did not check the box for inflation adjusted dollars.
in Withdrawal Change 2, I put -15k starting in year 6, and no inflation adjusted dollars.
In Withdrawal Change 3, I put 30k starting in year 6, using inflation adjusted dollars.
Did I do it right? I like the results, so I wanted to be sure! My main concern is making sure I can begin with the 15k in year one, and that the program didn't use 0.
Thanks!
kate
I have a question about FireCalc, just want to be sure I'm doing it right.
For the first 5 years, I want to withdraw a small amount, say 15k, not adjusted for inflation. I will be working part time and can make up the difference. In year 6, I will begin an inflation adjusted withdrawal of say 30k.
In the first entry place, I entered an initial withdrawal of 0 because it is inflation adjusted and I don't want that.
In Withdrawal Change 1, I put 15k starting in year 1, and did not check the box for inflation adjusted dollars.
in Withdrawal Change 2, I put -15k starting in year 6, and no inflation adjusted dollars.
In Withdrawal Change 3, I put 30k starting in year 6, using inflation adjusted dollars.
Did I do it right? I like the results, so I wanted to be sure! My main concern is making sure I can begin with the 15k in year one, and that the program didn't use 0.
Thanks!
kate
