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02-15-2019, 07:27 PM
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#81
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,300
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Quote:
Originally Posted by COcheesehead
Your problem may be FullView which is horrible since they did the revision to it last year. It’s not new just NOT improved. It double counts accounts and has numerous other bugs.
I have lump sum investments in the planner and I DO NOT use FullView. I don’t have any issues with what you describe.
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I don't care for the full view as how it translates to the retirement calculator. For one, it does not uses the proper classification of outside accounts and thus I manually update those accounts for the calculator.
__________________
TGIM
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02-17-2019, 03:01 PM
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#82
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Thinks s/he gets paid by the post
Join Date: Jan 2016
Posts: 1,241
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I use the T Rowe Price Future Path tool and what I find interesting is my score is 99 with my conservative portfolio and it also says my score would be 99 with a much higher stock position.
I use their Advisory Sevice as well and the advisor says I need more stocks. He said they also use the Monte Carlo for their recommendations.
Ummm- then why does THEIR OWN Future Path- which also uses the Monte Carlo- say I do not?
Then I see he wants my cash that is not held in T Rowe Price- my 2 years emergency fund and my husbands 401K stable value fund and also he has his eye on my brokerage account with them in which I have ETF's and other companies' funds besides T Rowe Price.
Last time I had the advisory service they told me to get rid of all my sector funds at my age. This time they are saying I should have 3%. SMH....
I asked about ti and did not get a satisfactory answer. So take everything with a grain of salt.
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02-18-2019, 07:33 AM
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#83
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Thinks s/he gets paid by the post
Join Date: Apr 2013
Location: Gosport, IN
Posts: 1,218
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Quote:
Originally Posted by Scratchy
Thanks Dtail. Can't find the "what is the maximum spending" function, can you point me exactly?
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Also on the portfolio visualizer under the retirement spending tab click on estimate this and check the Exhaust Assets and Income box - it will give you what it thinks is your maximum burn spending rate.
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02-18-2019, 08:17 AM
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#84
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
Posts: 4,729
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Here's another way of looking at ER. This calculator tells you how long you $$ will last, rather than you putting in how many years you want to $$ to last. Read the summary at the bottom.
https://www.dinkytown.net/java/how-l...ings-last.html
__________________
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
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02-18-2019, 03:48 PM
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#86
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Recycles dryer sheets
Join Date: Aug 2018
Posts: 109
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[QUOTE=Jerry1;2187365]I’ll second FireCalc. The one thing I learned that was very helpful in using it is that you can save your input data. When you run a scenario, look in the upper right hand corner for “link to this set of data”. I didn’t realize that for awhile and ended up entering my data more times than I cared to do.QUOTE]
OMG, this is one of the best things I've learned so far for 2019. I can't tell you how many time's I've entered data on all 6 screens of FIRECalc.
I now have my link saved in an email and can make modifications easy and then save the new link.
Thanks Jerry1 !!!!!!!!!!!!!
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02-18-2019, 04:02 PM
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#87
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Posts: 1,336
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I need to stop looking at all these calculators
Find myself spending hours on them lol
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02-18-2019, 04:07 PM
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#88
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Thinks s/he gets paid by the post
Join Date: Jul 2015
Location: Beaverton
Posts: 1,382
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Quote:
Originally Posted by FREE866
I need to stop looking at all these calculators
Find myself spending hours on them lol
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When I was in my last two years I went on every retirement calculator site known to man. Just getting my head around being able to retire earlier than I thought. I'm almost three years in and I continue to run scenarios knowing already that I'm ok. I can't explain it other than being anxious. Maybe just having a tough time being grateful
__________________
Jump in, the water's warm.
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02-18-2019, 04:50 PM
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#89
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Posts: 1,336
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Quote:
Originally Posted by Bir48die
When I was in my last two years I went on every retirement calculator site known to man. Just getting my head around being able to retire earlier than I thought. I'm almost three years in and I continue to run scenarios knowing already that I'm ok. I can't explain it other than being anxious. Maybe just having a tough time being grateful
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Ha! Yeah, I'm a little over 2 years in and I still go on often. Honestly , I think it's because I just love not working so much that I go to the calculators just to validate and confirm that "everything is still ok"
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02-18-2019, 04:57 PM
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#90
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Posts: 1,336
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Quote:
Originally Posted by Bir48die
When I was in my last two years I went on every retirement calculator site known to man. Just getting my head around being able to retire earlier than I thought. I'm almost three years in and I continue to run scenarios knowing already that I'm ok. I can't explain it other than being anxious. Maybe just having a tough time being grateful
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oh ..and I know it's based on history , but Firecalc is the one that seems just way too optimistic no?
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02-18-2019, 05:08 PM
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#91
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,300
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Quote:
Originally Posted by FREE866
oh ..and I know it's based on history , but Firecalc is the one that seems just way too optimistic no?
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A little on the optimistic side but it is using the classic 95% success rate on 4% WR inflation adjusted.
Just use the Fidelity calculator in conjunction for a more conservative view.
__________________
TGIM
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02-18-2019, 05:20 PM
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#92
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Posts: 1,336
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Quote:
Originally Posted by Dtail
A little on the optimistic side but it is using the classic 95% success rate on 4% WR inflation adjusted.
Just use the Fidelity calculator in conjunction for a more conservative view.
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I thought Firecalc just used historical returns? if thats the case then the 4% wr wouldn't be a determining factor for your results
I use Fidelity too and yes--more conservative and I think thats because they use Monte Carlo simulation right?
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02-18-2019, 05:40 PM
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#93
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,300
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Quote:
Originally Posted by FREE866
I thought Firecalc just used historical returns? if thats the case then the 4% wr wouldn't be a determining factor for your results
I use Fidelity too and yes--more conservative and I think thats because they use Monte Carlo simulation right?
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Yes Firecalc does use historical returns, but what I am saying is that effectively it considers a 4%WR to be successful 95% of the time, while some other calculators would have a lower WR% translating to a 95% success rate.
Just going about the explanation from a different angle.
Fidelity is more conservative due to Monte Carlo simulations, plus they discount your starting portfolio balance (7% in my case).
__________________
TGIM
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02-18-2019, 05:48 PM
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#94
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Posts: 1,336
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Quote:
Originally Posted by Dtail
Yes Firecalc does use historical returns, but what I am saying is that effectively it considers a 4%WR to be successful 95% of the time, while some other calculators would have a lower WR% translating to a 95% success rate.
Just going about the explanation from a different angle.
Fidelity is more conservative due to Monte Carlo simulations, plus they discount your starting portfolio balance (7% in my case).
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gotcha
yeah, Fidelity is more conservative and I triple checked in last 30 minutes lol
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02-18-2019, 05:53 PM
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#95
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Recycles dryer sheets
Join Date: Mar 2017
Location: Mid Town
Posts: 119
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Quick question regarding the "spending" input is this a gross figure before your tax rate.
Or another words do you need to figure your tax rate and add that to your spending prior to input.
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02-18-2019, 05:57 PM
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#96
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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Quote:
Originally Posted by augam
Quick question regarding the "spending" input is this a gross figure before your tax rate.
Or another words do you need to figure your tax rate and add that to your spending prior to input.
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^ Yes, assuming you are referring to FIRECalc.
__________________
Numbers is hard
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02-18-2019, 06:09 PM
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#97
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Recycles dryer sheets
Join Date: Mar 2017
Location: Mid Town
Posts: 119
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Quote:
Originally Posted by REWahoo
^ Yes, assuming you are referring to FIRECalc.
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my bad, yes Firecalc and Fido
Thanks
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02-18-2019, 06:45 PM
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#98
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by augam
my bad, yes Firecalc and Fido
Thanks
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Fido’s will calculate your tax rate and add the tax liability into your analysis. So their gross amount includes taxes.
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02-18-2019, 06:52 PM
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#99
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,300
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Quote:
Originally Posted by COcheesehead
Fido’s will calculate your tax rate and add the tax liability into your analysis. So their gross amount includes taxes.
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Just making sure you are saying the following for example.
90K expenses not including taxes
10k estimated taxes
The input for expenses in Fidelity is 100k, not 90k.
__________________
TGIM
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02-18-2019, 06:58 PM
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#100
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by Dtail
Just making sure you are saying the following for example.
90K expenses not including taxes
10k estimated taxes
The input for expenses in Fidelity is 100k, not 90k.
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No, read the methodology they explain it better than I probably will.
You input your spend without taxes. 90k in your example. The app calculates your taxes and adds it into your total withdrawal so your withdrawal is 100k, again from your example.
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