Yes, fixing this in on the to-do list. In the meantime, a couple things could help with this:This scenario illustrates a small design issue I noticed in my own planning that perhaps could be addressed, which is that the Monthly Spending During Retirement graph scales to accommodate the 1-month $200K expense and thus doesn't show much useful information about the other months. It might be nice to somehow intelligently scale the graph so single months (or short periods?) with outlier expense levels just go "off the chart." Perhaps this tweak can be accomplished at the same time that true one-off expenses are added (as opposed to the current one-month workaround).Annuitize $200,000 at age 80.
Payout estimate from immediateannuities.com for an 80 year old male in the state of Washington is $2,053 per month (average estimated quote, so can likely do better). To enter this:
(a) Enter the annuity cost of $200,000 as a lump sum essential extra expense at age 80. Since the payouts are nominal, enter this as nominal dollars.
(b) Enter the annuity payouts as an income during retirement: $2,053 (nominal dollars) starting age 80 yr 1 mo till max age.
https://tpawplanner.com/link?params=5hz ... 8U63FvyJVY
1. Spread out a lump sum over a few months to reduce the height of the entry. e.g. Enter a $100,000 lump sum as $10,000 per month for 10 months.
2. View the "general spending" graph. This would exclude all extra spending items including, unfortuntately, the ones you might want to include.
Thanks for the feedback!
Statistics: Posted by Ben Mathew — Wed Aug 14, 2024 7:26 pm — Replies 928 — Views 250044
