mouth wrote:1) Pension - not all pensions are NOCOLA
True, but if a pension is COLA, you can simply add it to the Social Security amount.
Effectively, the entries labeled as "Social Security" and "Pension" are, actually, "COLA pensions" and "NOCOLA pensions" entries. It just seems more intuitive for new users, to use the current labels.
mouth wrote:2) Social Security - It seems to start at StartAge vice 62/67/70 ... problem is I plan on retiring at 43.
This is so young that, personally, I would simply not count the Social Security pension for two reasons:
- I would not accumulate much benefits, not contributing between 43 and Social Security's Full Retirement Age.
- (Assuming a delayed-to-70 SS pension), 27 years is a very long period of time until the first SS payment. I would simply revisit the situation around 60, possibly extracting a bridging amount from the portfolio to put into CDs, and starting to consider the expected SS@70. (See Delay Social Security to age 70 and Spend more money at 62).
mouth wrote:3) The same can be said for pensions. Mine actually has started already, but others might want to input a different start age than StartAge if they plan to retire earlier than their pension starts.
Same answer as 2).
mouth wrote:Not huge deals since backtesting is just a nice to have feature compared to the main VPW tab. Thanks for all the hard work!!!
You're welcome. I'm glad this tool is useful to you.