ziggy29
Moderator Emeritus
I'm tentatively shooting for "Class of 2016" status now that my wife is more secure in a career she plans to keep for a while. What I'm trying to do is figure out a way to enter data in FIRECalc that still includes her working income after my entered retirement date of 2016.
The only way I can think of (and not sure it's accurate) is this: Let's say she retires from this job in 2030, and let's assume her income will be $35,000 in current dollars. On the "Other Income/Spending" section, I entered a "pension" of $35,000 starting in 2013, and then below it entered "off chart spending" of $35,000 starting in 2030. The net result, I think, is that after 2030 the two offset each other and zero out. (Alternatively, it could have been an additional pension of *negative* $35,000 starting in 2030, I think it's the same either way.)
Anyone done this? Is that the appropriate way to get accurate results (he hopes, since it gives a 100% chance of success)....
The only way I can think of (and not sure it's accurate) is this: Let's say she retires from this job in 2030, and let's assume her income will be $35,000 in current dollars. On the "Other Income/Spending" section, I entered a "pension" of $35,000 starting in 2013, and then below it entered "off chart spending" of $35,000 starting in 2030. The net result, I think, is that after 2030 the two offset each other and zero out. (Alternatively, it could have been an additional pension of *negative* $35,000 starting in 2030, I think it's the same either way.)
Anyone done this? Is that the appropriate way to get accurate results (he hopes, since it gives a 100% chance of success)....
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