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Lifetime Planner Changes

spaman
spaman Windows Beta Beta
I upgraded from 2017 to Quicken 2020. My Lifetime Planner figures are now much higher in the outer years. I did not change anything in my plan other than just upgrading. Did something change in the way lifetime planner calculates future projections?:

Best Answer

  • Scooterlam
    Scooterlam SuperUser ✭✭✭✭✭
    Accepted Answer
    I searched in the release notes, QW 2017 to present, and could only find these (using Lifetime Planner keyword search):

    Fixed: An issue in which Lifetime Planner was not calculating spouse Required Minimum Distributions properly.

    Fixed: Incorrect IRA contribution limits in the Lifetime Planner.

    Improved: Updated Required Minimum Distribution (RMD) calculation and IRA contribution limits in the Lifetime Planner.

    Fixed: An issue with printing the Lifetime Planner report.

    Fixed: An issue in which Lifetime Planner was not calculating spouse Required Minimum Distributions properly.


Answers

  • mshiggins
    mshiggins SuperUser ✭✭✭✭✭
    By any chance is the setting for Show Amounts in Today's/Future Value different in your QW2017 and QW2020?

    Quicken user since Q1999. Currently using QW2017.
    Questions? Check out the  Quicken Windows FAQ list
  • Scooterlam
    Scooterlam SuperUser ✭✭✭✭✭
    edited December 2019
    Off the top of my head, there were some changes to RMDs and contribution rates to tax deferred accounts.  RMD change bumped up my ending balance slightly - a few percent maybe? 

    For perspective, how high us "much higher"?  50% , 25% , 5%, for example? 

    My first step would be to make sure that all your planning assumptions are what you set in 2017.  It's also a good time to review them for beginning of year!  

  • Scooterlam
    Scooterlam SuperUser ✭✭✭✭✭
    Accepted Answer
    I searched in the release notes, QW 2017 to present, and could only find these (using Lifetime Planner keyword search):

    Fixed: An issue in which Lifetime Planner was not calculating spouse Required Minimum Distributions properly.

    Fixed: Incorrect IRA contribution limits in the Lifetime Planner.

    Improved: Updated Required Minimum Distribution (RMD) calculation and IRA contribution limits in the Lifetime Planner.

    Fixed: An issue with printing the Lifetime Planner report.

    Fixed: An issue in which Lifetime Planner was not calculating spouse Required Minimum Distributions properly.


  • spaman
    spaman Windows Beta Beta
    thanks so much for your help
  • Scooterlam
    Scooterlam SuperUser ✭✭✭✭✭
    For others who might have this issue when they upgrade from 2017, could you share what you found to be the discrepancy?
  • spaman
    spaman Windows Beta Beta
    i had a 10% total increase over 35 years or so.
This discussion has been closed.