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Hi @Bobf Welcome to Simplifi!

I'm also retired and ditto what @SRC54 shared. For me the Spending Plan has always been the crown jewel of QS. Get that feature set up right and you're a long way toward staying ahead of your personal financial management.

One of the things you will need to address, however, is your non monthly fixed and flexible expenses. These include fixed expenses like property tax, annual/semi-annual insurance premiums, annual subscriptions/memberships, etc. and flexible non-monthly expenses like home and auto maintenance and repairs, medical/dental/eye care not covered by insurance (deductibles/co-pays), etc. Your monthly fixed and flexible are handled in the Spending Plan, but your annual/semi-annual/non-monthly expenses are not easily included in the monthly Spending Plan.

For me, best practice is to use one or more Savings Goals to set aside funds monthly to meet these expenses when they arise or come due.

thanks Steve!

I am retired and depend on my social security and dividends as well as wife’s pension. I use the Spending Plan which shows me how much I need each month. So far I haven’t had to dip into my IRA or investments so I am lucky.

My suggestion is to enter all your recurring bills and income first. Then guesstimate how much discretionary spending you need for food, gasoline, etc. in Planned Spending — this will give you a starting point. I would also enter an amount you plan to transfer from Investments each month to make up the difference. Each month you can refine this plan. You can easily adjust. The Spending Plan may even help you keep your expenses down so you can stretch your investments out longer.

And after getting the Spending Plan setup, check out Bills and Income section to see your cash flow.

Since you’re new to Simplifi, here’s a support article to get you started:

https://support.simplifi.quicken.com/en/articles/4212702-understanding-your-spending-plan

There are several retirees here and they will have plenty of suggestions for you as well. Post any questions you have.

Welcome to Simplifi!