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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Clean Shaven on June 30, 2015, 11:37:52 AM

Title: cfiresim or other planning w/ anticipated future one-time payment
Post by: Clean Shaven on June 30, 2015, 11:37:52 AM

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

Title: Re: cfiresim or other planning w/ anticipated future one-time payment
Post by: velocistar237 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.

Title: Re: cfiresim or other planning w/ anticipated future one-time payment
Post by: johnny847 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.

Title: Re: cfiresim or other planning w/ anticipated future one-time payment
Post by: Clean Shaven 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.