Understanding MAGI

[dmayle]

This is an awesome tool!

It took a bit of muddling through, but I was able to figure out how to model most of what I'm interested in.

One thing I'm curious about, however, is if there's a way to figure out MAGI numbers? (This is specifically for the purpose of modelling subsidized ACA for pre-medicaid retirement planning). Understanding what MAGI will be with the expected expense types will help to determine health insurance costs.

[schelskedevco]

Thank you!

I was planning to add some ACA stuff down the line, but I think MAGI as it relates to ACA includes the non-taxable portion of social security benefits, tax-exempt interest (e.g. municipal bonds), and foreign earned income exclusion.

Otherwise, AGI (already shown in the Taxes tab of the app, there is an AGI dropdown option) should equal to MAGI. There is no great way to put in tax exempt income or foreign earned income exclusion at the moment. If you have these in real life, this may be a hangup for you for now, but if not then the AGI calculation should be accurate!

[dmayle]

I'm running v0.2.0 beta, and I can't find a taxes tab. Other than tax settings in the simulator -> numbers section, and lifetime tax info in simulator -> results.

If it requires email confirmation, I haven't been able to get that working. Also, slightly unrelated, but I'm guessing that the Share Feedback link only connects to the local instance. If you have a way to share feedback (and are interested in it), I'd be happy to share mine (sample size of one, of course)

[schelskedevco]

No nothing should require email confirmation.

The image I linked shows the Taxes tab that I was referring to. It should be there for all available versions. The AGI metric is one of the dropdown options (in the image, currently shows as "Annual Taxes").

Yes, Share Feedback will not work as intended in the self-hosted version at the moment. Please feel free to leave feedback here or in the Discord! You can also email me personally at joe@schelske.dev, doesn't matter to me which way you'd like to deliver it :)

[dmayle]

It looks like that option is not available in the monte-carlo simulation (either of the multiple return options, actually)... switching to fixed, stochastic, just one of the single return options made it show.

[schelskedevco]

That's right.

Also note that, from Monte Carlo mode you can see the individual simulations that comprise the entire Monte Carlo result by clicking rows in the table.