Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Personal Capital Glitch?
Old 10-04-2017, 01:14 PM   #1
Recycles dryer sheets
Lawrencewendall's Avatar
 
Join Date: Feb 2017
Location: Severn
Posts: 467
Personal Capital Glitch?

I use the free version of personalcapitol.com. I created 3 scenarios under the retirement planning section. One scenario has me start SS at 62, one at 67 and the other at 70. All 3 have retirement starting at 57 in 4 years. Theoretically, there should be no difference between the 3 until age 62, but all 3 show different account values every year from 53 to 61 for both median and worst case. How is this possible?
__________________

Lawrencewendall is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-04-2017, 01:44 PM   #2
Full time employment: Posting here.
CaliKid's Avatar
 
Join Date: Apr 2016
Location: Cali
Posts: 961
Quote:
Originally Posted by Lawrencewendall View Post
I use the free version of personalcapitol.com. I created 3 scenarios under the retirement planning section. One scenario has me start SS at 62, one at 67 and the other at 70. All 3 have retirement starting at 57 in 4 years. Theoretically, there should be no difference between the 3 until age 62, but all 3 show different account values every year from 53 to 61 for both median and worst case. How is this possible?
Do they invest the money differently, in their forecasts, based on age?
__________________

__________________
______________________
Hoping to get out around September 1, 2022... I hope, I hope, I hope. Until then off to work I go....
CaliKid is offline   Reply With Quote
Old 10-04-2017, 02:17 PM   #3
Recycles dryer sheets
Lawrencewendall's Avatar
 
Join Date: Feb 2017
Location: Severn
Posts: 467
Quote:
Originally Posted by CaliKid View Post
Do they invest the money differently, in their forecasts, based on age?
My age is the same in all 3 scenarios and the timeline is the same (out to 93). The further out, those early differences have more of an impact. Not sure which is right.
Lawrencewendall is offline   Reply With Quote
Old 10-04-2017, 02:18 PM   #4
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 10,694
Maybe you could ask someone at Personal Capital?
__________________
Saying on a Get Well card from a friend of mine after I had my second hip replacement - "Don't let the Old Man in..."
aja8888 is offline   Reply With Quote
Old 10-04-2017, 02:24 PM   #5
Recycles dryer sheets
Lawrencewendall's Avatar
 
Join Date: Feb 2017
Location: Severn
Posts: 467
Quote:
Originally Posted by aja8888 View Post
Maybe you could ask someone at Personal Capital?
I plan on it but since I'm using their free version, I don't expect much. Thought I'd ask here if anyone else encountered the glitch.
Lawrencewendall is offline   Reply With Quote
Old 10-04-2017, 03:16 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 7,618
Are the account values every year from 53 to 61 smaller the farther away collecting SS age ?

I could see they allow you to spend more if you are getting SS earlier.
Sunset is offline   Reply With Quote
Old 10-04-2017, 03:38 PM   #7
Recycles dryer sheets
Lawrencewendall's Avatar
 
Join Date: Feb 2017
Location: Severn
Posts: 467
Quote:
Originally Posted by Sunset View Post
Are the account values every year from 53 to 61 smaller the farther away collecting SS age ?

I could see they allow you to spend more if you are getting SS earlier.
The numbers are smaller the closer to withdrawing SS and I put in a fixed yearly spending amount for all 3 scenarios. I submitted a help ticket. Will post back here with their reply.

This is the answer I got:
"When we run calculations for your Retirement Planner, we try to extrapolate data for your investment accounts using a Monte Carlo system. In this system, we run 5,000 different simulations and take the average result. In this way we try to get a median picture of what your returns will look like. However, this does mean that there may be some variation between one projection and the next, even if the details are exactly the same. The difference shouldn't be exceptionally drastic, but differences are possible."

The paperwork is at w*rk, so i'll check tomorrow on the difference.
Lawrencewendall is offline   Reply With Quote
Old 10-04-2017, 08:14 PM   #8
Recycles dryer sheets
 
Join Date: May 2014
Posts: 131
I have been using Personal Capital for a while. I used to send them suggestions and issues I was having with the free version and they always responded and fixed the bug. Give it a shot.
Rdub is offline   Reply With Quote
Old 10-05-2017, 08:04 AM   #9
Recycles dryer sheets
Lawrencewendall's Avatar
 
Join Date: Feb 2017
Location: Severn
Posts: 467
Just looked. Difference at 61 is 11k between SS at 62 and SS at 70. Starting SS at 62 is the less. Difference at 70 is 62 being 200k less. I guess ballpark is better than nothing. FIRECalc shows drawing at 62 to be 200k better at 70.
__________________

Lawrencewendall is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Microsoft glitch overpays severance REWahoo Other topics 8 02-23-2009 10:41 PM
A glitch for some retirement plans Khan Life after FIRE 11 04-05-2008 08:55 PM
MS Money glitch? Leonidas FIRE and Money 3 08-25-2007 10:28 AM
Minor IE Glitch TromboneAl Other topics 7 03-07-2007 12:05 PM

» Quick Links

 
All times are GMT -6. The time now is 02:45 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
×