Answers
Steve
NewRetirement
San Francisco, CA
Hi,
Income numbers are gross - the system has some high level assumptions about tax rates which you can find on the Assumption page in the calculator - the link is on the dashboard https://www.newretirement.com/retirement-calculator/dashboard.aspx
We're about to release some updates to the model which will refine the tax modeling, but it will still be a rough approximation.
Hope this is helpful.
**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.