• Question
  • How Can I Enter/Handle Taxes in the Retirement Calculator?

    Asked by a 67 year old man from Beaverton, OR on 8/19/2016

    I have estimated my effective tax rate in retirement using TurboTax. I don't see that taxes are handled in your retirement calculator. What can I do to accommodate this so as not to neglect it? Will you add such a feature at some point? The retirement calculator at Market Watch does this and I find it very useful. If you have not used their calculator, I suggest you check it out. Thanks.

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  • Categories: Retirement Planning, Retirement Calculators

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Thanks for your feedback. The Retirement Calculator and Planning tool make some high level assumptions about taxes before and during retirement. You can see these in the Assumptions page in the tool. We are steadily adding more granular controls for users to do richer modeling and tax handling is on our product road map, so you should see better tax functionality in the future.

    https://www.newretirement.com/retirement-calculator/

  • Login to rate this answer:   Answered on 8/22/2016
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.