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Old 08-15-2016, 07:25 PM   #21
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I have been using it for about three years now, I did base my decision to leave the workforce on the #'s I was seeing
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Old 08-15-2016, 09:32 PM   #22
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Originally Posted by LakeRat1 View Post
I have been using it for about three years now, I did base my decision to leave the workforce on the #'s I was seeing
+1

I based my retirement on it as well. I've been using it 6 years, 3 planning and 3 retired. I didn't save off any reports but due to an excellent market I'm not they provide value today.

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Old 08-16-2016, 12:58 PM   #23
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Originally Posted by MRG View Post
+1

I based my retirement on it as well. I've been using it 6 years, 3 planning and 3 retired. I didn't save off any reports but due to an excellent market I'm not they provide value today.

Sent from my SAMSUNG-SM-G920A using Early Retirement Forum mobile app
I only starting saving the monthly outputs in PDF format last year as I wanted to get an idea of their accuracy. Also wanted to be able to compare from year to year, and more than once I've gone back and done such a comparison when doing things like invetistigating different tax strategies and AA allocations. Whether I will continue to do so and at what intervals is something I've yet to decide on yet, but I do like the idea of having additional data points.
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Old 01-16-2017, 01:56 PM   #24
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I looked for the RIP, to update the analysis but they no longer have it.

Instead they call it Fidelity Retirement Analysis. I don't recall logging in before to do the RIP runs but now FRA prompts you and when I log in, it has all the old data I'd previously entered in there so I must have logged in before.

I updated some data and ran it again. The data returned are similar to what RIP produced, with beginning and ending assets. Instead of confidence levels like 90 or 95%, it returns Average and Significantly Below Average results.

It's a huge difference, as Average shows ending assets value at more than twice the beginning assets value whereas Significantly Below Average results in ending assets value at less than half of the beginning assets value.

One thing is that they don't let you select the inflation rate like they did with RIP. They say they will in the future but they're using 2.5% and they reduced health care inflation from 7 to 5.5%.

They flag health care as a long term potential concern, even though 40 years from now, I still end up with a significant sum with Significantly Below Average market returns.

What that is about is suggesting to you that you account for long-term care. In the expenses section, you can check a box for supplemental insurance such as medigap and another box for LTC. I hadn't checked either so I get a red flag. When I checked supplemental, it turned to yellow.

In the end you can save a PDF and it will generate year by year tables for beginning and ending balance, withdrawal, etc. just as FRIP did. They have tables for both Significantly Below Average and Average market return scenarios.
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Old 01-16-2017, 02:50 PM   #25
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Join Date: Jun 2016
Location: Denver
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Originally Posted by explanade View Post
I looked for the RIP, to update the analysis but they no longer have it.

Instead they call it Fidelity Retirement Analysis. I don't recall logging in before to do the RIP runs but now FRA prompts you and when I log in, it has all the old data I'd previously entered in there so I must have logged in before.

I updated some data and ran it again. The data returned are similar to what RIP produced, with beginning and ending assets. Instead of confidence levels like 90 or 95%, it returns Average and Significantly Below Average results.

It's a huge difference, as Average shows ending assets value at more than twice the beginning assets value whereas Significantly Below Average results in ending assets value at less than half of the beginning assets value.

One thing is that they don't let you select the inflation rate like they did with RIP. They say they will in the future but they're using 2.5% and they reduced health care inflation from 7 to 5.5%.

They flag health care as a long term potential concern, even though 40 years from now, I still end up with a significant sum with Significantly Below Average market returns.

What that is about is suggesting to you that you account for long-term care. In the expenses section, you can check a box for supplemental insurance such as medigap and another box for LTC. I hadn't checked either so I get a red flag. When I checked supplemental, it turned to yellow.

In the end you can save a PDF and it will generate year by year tables for beginning and ending balance, withdrawal, etc. just as FRIP did. They have tables for both Significantly Below Average and Average market return scenarios.
They call it RPM, Retirement Preparedness Measure. What I like about the new one is they let you create a very detailed budget right in the tool and give you categories that you might overlook. I like it.
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