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Personal Finance (Not Investing) • New Retirement Planning (NRP) Software

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You can set inflation to 0, edit your account returns to be real (after inflation) and voila! Everything is in today's money.
I do wish it were as easy as a switch but I'm set up as I described as I want to do everything in today/real money. I have no idea is $1M is a lot of money in 25 years or not.
:oops:

That exact method sort of dawned on me a couple of hours ago, and things are making more sense now. I say 'sort of' because I was reading the manual about medical costs and it mentioned as a tip that setting medical inflation to zero would let the user see costs in today's dollars. That was enough to to remind me what I had thought of weeks ago. I've noticed a recurring theme these days as I pump myself full of personal finance information: things I have figured out or know get buried under new information. Quite annoying

Fwiw, NRP recommends that appreciation rates be nominal so there is at least the potential for unexpected side effects using this work-around. I'm not worried about it since all I have is expenses, retirement accounts, and a home.

I'm happy to say the Roth Explorer is putting out a reasonable plan now using the maximum bracket option

Statistics: Posted by EricGold — Tue Jun 18, 2024 3:24 am — Replies 7 — Views 720



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