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OK. I read your post about Creating A Retirement Plan, and also the post about Withdrawal Rates. All good information; thank you for pointing me toward them.
Unfortunately, forecaster does not give options to change your pre-retirement and post-retirement return on your investment. This is why I stuck 7% in. Of course, I would hope for better... but I would rather over-plan than under-plan.
I forgot one of our accounts in Forecaster -- my husband's profit sharing/pension. I'm pretty sure that as far as taxes go, this is considered pre-tax dollars, similar to a Traditional IRA. I assumed they would give $5k/year for planning purposes. I also forgot to add the employer contribution to the 401(k). I assumed $3,500/year. Making the above changes makes a more reasonable burden on us which looks like:
$15,500 to 401(k)
$10,000 to Roths (or non-deductible if we find out we cannot do Roths)
$6,000 to Taxable
I hope to save more than that, but this is what we need for retirement ... other moneys can go toward 529, new house, car fund, etc.
Unfortunately, forecaster does not give options to change your pre-retirement and post-retirement return on your investment. This is why I stuck 7% in. Of course, I would hope for better... but I would rather over-plan than under-plan.
I forgot one of our accounts in Forecaster -- my husband's profit sharing/pension. I'm pretty sure that as far as taxes go, this is considered pre-tax dollars, similar to a Traditional IRA. I assumed they would give $5k/year for planning purposes. I also forgot to add the employer contribution to the 401(k). I assumed $3,500/year. Making the above changes makes a more reasonable burden on us which looks like:
$15,500 to 401(k)
$10,000 to Roths (or non-deductible if we find out we cannot do Roths)
$6,000 to Taxable
I hope to save more than that, but this is what we need for retirement ... other moneys can go toward 529, new house, car fund, etc.
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