Author Topic: cfiresim or other planning w/ anticipated future one-time payment  (Read 940 times)

Clean Shaven

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Just wanted to check if I'm doing this right -

We plan on selling our house and downsizing in another 15-20 years, and anticipate pocketing a decent amount at that time from the sale -- for planning purposes, let's call it $500K.  Upon receipt, we would invest that sum in the same asset allocation as other stock/bond funds held at that time.

In cfiresim, there is a field for "other income" that can be set up for "one time" payment.  Is this the correct way to calculate that large lump-sum influx?  Or am I missing a setting in cfiresim, or should I be looking at some other calculator?

Thanks in advance

velocistar237

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Re: cfiresim or other planning w/ anticipated future one-time payment
« Reply #1 on: June 30, 2015, 11:51:47 AM »
There's a section for "Other Income/Saving," and you can change it from Recurring to One-Time. That sounds like the right way to handle your situation.

johnny847

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Re: cfiresim or other planning w/ anticipated future one-time payment
« Reply #2 on: June 30, 2015, 11:53:16 AM »
What velocistar237 said.

There's also a section for one time payments. Great for things like paying for kids' college tuition.

Clean Shaven

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Re: cfiresim or other planning w/ anticipated future one-time payment
« Reply #3 on: June 30, 2015, 11:54:20 AM »
That's the section I used on cfiresim -- just didn't know how that was "counted" in the program's calculations.  Thanks.