| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 431.1 | :-) | DECWET::ONO | The Wrong Stuff | Wed Feb 21 1996 11:27 | 3 |
| 431.2 | Call placed to B.E. | TOOK::FRANK | | Wed Feb 21 1996 13:26 | 10 |
| 431.3 | | vaxcpu.zko.dec.com::michaud | Jeff Michaud - ObjectBroker | Wed Feb 21 1996 14:59 | 3 |
| 431.4 | Kiss old FutureSaver data goodbye | TREZUR::MEANEY | Jim in Salem @ 285-3637 | Wed Feb 21 1996 17:20 | 27 |
| 431.5 | My experience with the new | MPOS01::ZWIRTZ | IF IT AIN'T BROKE, DON'T FIX IT | Wed Feb 21 1996 17:59 | 9 |
| 431.6 | | STARCH::WHALEN | Rich Whalen | Wed Feb 21 1996 19:24 | 4 |
| 431.7 | No prolem here, either. | MSBCS::MUMFORD | | Thu Feb 22 1996 11:20 | 3 |
| 431.8 | | HANNAH::BAY | Jim Bay, peripheral visionary | Thu Feb 22 1996 16:11 | 11 |
| 431.9 | 1-800-890-3100 | PLUGH::needle | Money talks. Mine says "Good-Bye!" | Thu Feb 22 1996 16:14 | 0 |
| 431.10 | floating point error == not saving enough! | STARCH::WHALEN | Rich Whalen | Sat Feb 24 1996 17:37 | 10 |
| 431.11 | | HASTUR::LOWE | Chris Lowe | Thu Feb 29 1996 08:12 | 8 |
| 431.12 | Menu Choices For Convenience' Sake [note 800# is wrong, see .14] | CSC64::G_ROGERS | The World is Full of Adventure | Tue May 07 1996 18:25 | 18 |
| 431.13 | | ACISS2::LENNIG | Dave (N8JCX), MIG, @CYO | Tue May 07 1996 22:10 | 5 |
| 431.14 | correction on the BE phone number. | NPSS::BENZ | I'm an idiot, and I vote | Wed May 08 1996 14:28 | 2 |
| 431.15 | | QUARK::LIONEL | Free advice is worth every cent | Thu May 09 1996 12:28 | 4 |
| 431.16 | make sure you're really using "worst-case" #'s | MKOTS3::LEVY_J | | Tue May 14 1996 16:43 | 27 |
| 431.17 | Strange Results | JULIET::RIFKIN_DA | David Rifkin | Wed Apr 09 1997 18:53 | 9 |
| When I run FutureSaver and look at the detailed results, I notice that
the first year of retirement shows a huge expenditure for income tax
(about $25K). The next and subsequent years it drops way down to about
$5K. Has anyone else noticed this? Any explainations?
Thx,
Dave
|
| 431.18 | | PADC::KOLLING | Karen | Wed Apr 09 1997 20:27 | 4 |
| I haven't run FundSaver, but I assume you work part of the first
calendar year of retirement, so your income that year is higher
than subsequent years.
|
| 431.19 | Future$aver deficiencies | POBOXA::SMELSER | | Thu Apr 10 1997 09:01 | 24 |
| Sorry about the missing text in the previous reply. (Inexperienced noter).
re:.16
I have noticed the same thing. My explanation (really a guess) is that
future$aver does its tax figuring 1 year in arrears to make computation
easier (that is, the tax paid in any given year is the tax on the PREVIOUS
years' income). For the purposes of future$aver estimates, it doesn't make
much difference *except* in the first year of retirement when your taxable
income may be significantly lower than the previous year.
I consider this a bug in future$saver. To compensate you could give
yourself a one time bonus under "Additional Resources" (however, I chose to
ignore it and figure that I would just have a little extra cushion for
unforseen expenses).
By the way, I found one other deficiency in future$saver. All your non-
tax-sheltered investments (called "Personal Savings") are assumed to have
no tax liability. However, we all know that capital gains taxes do exist
and can be significant. My suggestion is to reduce your expected return
on those investments by about 1/4 to cover the taxes (more or less, depending
on your tax bracket).
Don
|