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
Statistics: Posted by ahc19081 — Wed Aug 14, 2024 4:11 pm — Replies 926 — Views 249912