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04-04-2016, 11:31 AM
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#1
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gone traveling
Join Date: Feb 2016
Posts: 34
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Fidelity RIP
I was using the new Fidelity retirement income planner and the speedometer that was used to measure readiness is gone, just lists portfolio values for 2 risk scenarios. Did they can the speedometer? It was fun trying to boost it up by cutting expenses🙃
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04-04-2016, 11:57 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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The speedometer is still on for me. I do have accounts there.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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04-04-2016, 12:27 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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 Quote:
Originally Posted by Frankie1926
I was using the new Fidelity retirement income planner and the speedometer that was used to measure readiness is gone, just lists portfolio values for 2 risk scenarios. Did they can the speedometer? It was fun trying to boost it up by cutting expenses��
Sent from my iPad using Early Retirement Forum
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Regarding the Speedometer. If you tell them that you are to retire on your birthday in March (for example). And then that date passes. The tool then assumes that you have retired and the speedometer goes away.
To get the Speedometer back, tell the tool you'll retire next year or later. And then adjust any income that matters like increased pension or increased Social Security payments etc.
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04-04-2016, 01:11 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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Quote:
Originally Posted by MasterBlaster
Regarding the Speedometer. If you tell them that you are to retire on your birthday in March (for example). And then that date passes. The tool then assumes that you have retired and the speedometer goes away.
To get the Speedometer back, tell the tool you'll retire next year or later. And then adjust any income that matters like increased pension or increased Social Security payments etc.
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Good point. I put in 62 as a retirement, even though I am retiring at 56.5. I plan on not touching my investments until 62+, and live solely off my rental income.
I also put in $1 a year as a salary, it's sort of a 'trick' to leave the additional savings from being added in.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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04-04-2016, 02:29 PM
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#5
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gone traveling
Join Date: Feb 2016
Posts: 34
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Hmm, my status changed to retired just recently, are u still working? Maybe thats it.
Sent from my iPad using Early Retirement Forum
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04-04-2016, 02:37 PM
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#6
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Recycles dryer sheets
Join Date: Jan 2015
Posts: 206
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Do you have to be a Fidelity customer to use RIP?
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04-04-2016, 02:54 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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Quote:
Originally Posted by Dreaming of Freedom
Do you have to be a Fidelity customer to use RIP?
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I believe that anyone can use it (??)
The new name for the Retirement Income Planner is "The Planning and Guidance Center"
You can access it here:
https://www.fidelity.com/calculators...uidance-center
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04-04-2016, 02:59 PM
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#8
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Dryer sheet aficionado
Join Date: Dec 2013
Posts: 30
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Hi all. If you change your status (or spouse) to retired the speedometer goes away. Found that out recently when I changed my status to retired, and confirmed with my Fidelity rep.
You have to be a Fidelity customer (have at least one account there) to use RIP.
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04-04-2016, 03:17 PM
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#9
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gone traveling
Join Date: Feb 2016
Posts: 34
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Aha!
Sent from my iPad using Early Retirement Forum
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04-04-2016, 03:21 PM
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#10
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Recycles dryer sheets
Join Date: Jan 2015
Posts: 206
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Does anyone know of a retirement planning tool similar to RIP?
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04-04-2016, 03:26 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 5,214
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Quote:
Originally Posted by Dreaming of Freedom
Does anyone know of a retirement planning tool similar to RIP?
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Similar in what way? (Just askin....)
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04-04-2016, 03:32 PM
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#12
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Recycles dryer sheets
Join Date: Jan 2015
Posts: 206
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Unfortunately I don't know what RIP is like since I am not a Fidelity customer, but everyone talks about how great it is and I feel like I am missing out on something. One thing I have heard is it inflates healthcare expenses more than other retirement planning tools, but that is all I know.
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04-04-2016, 03:57 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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Quote:
Originally Posted by Dreaming of Freedom
Does anyone know of a retirement planning tool similar to RIP?
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There are more retirement calculators than you can imagine. Here is a link to the Bogleheads list:
https://www.bogleheads.org/wiki/Reti...s_and_spending
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04-05-2016, 04:24 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Dec 2012
Location: Georgia
Posts: 2,240
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Quote:
Originally Posted by Dreaming of Freedom
Does anyone know of a retirement planning tool similar to RIP?
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Quicken Lifetime Planner, found in Quicken Premier desktop software.
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04-05-2016, 04:26 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Dec 2012
Location: Georgia
Posts: 2,240
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Fidelity RIP will not let me edit the asset allocation for my company 401k, and it has it wrong. I could call Fidelity and complain, and they could add it to the list of other concerns I've expressed, and then, like all the others, do nothing about it and provide me no assistance. Does anyone know any trick I could use, short of deleting the automatic-updating account, waiting a day, and then adding it back in as a manually-entered account, waiting another day, and then trying again?
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04-05-2016, 11:23 AM
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#16
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Recycles dryer sheets
Join Date: Apr 2012
Posts: 184
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Quote:
Originally Posted by bUU
Fidelity RIP will not let me edit the asset allocation for my company 401k, and it has it wrong. I could call Fidelity and complain, and they could add it to the list of other concerns I've expressed, and then, like all the others, do nothing about it and provide me no assistance. Does anyone know any trick I could use, short of deleting the automatic-updating account, waiting a day, and then adding it back in as a manually-entered account, waiting another day, and then trying again?
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If the account can not be added for automatic updates, then manual is the only way to go. You can periodically check to see if FID has added the account (good luck).
Unfortunately, regardless of how accounts are added, if RIP can't figure out the Asset Allocation, there is no way to input what you think the AA is. So that part of the tool is not really useful
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04-05-2016, 11:27 AM
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#17
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Recycles dryer sheets
Join Date: Apr 2012
Posts: 184
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Quote:
Originally Posted by Dreaming of Freedom
Do you have to be a Fidelity customer to use RIP?
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You do have to be a customer; i.e., open an account. HOWEVER, you don't have to fund the account. That's what I did and it has worked fine.
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04-05-2016, 11:31 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Dec 2012
Location: Georgia
Posts: 2,240
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Quote:
Originally Posted by Steelart99
If the account can not be added for automatic updates, then manual is the only way to go.
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The account is added for automatic updates. It just is automatically updating the wrong allocation.
Quote:
Originally Posted by Steelart99
Unfortunately, regardless of how accounts are added, if RIP can't figure out the Asset Allocation, there is no way to input what you think the AA is. So that part of the tool is not really useful
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It's a critical failure afaic. I used to prefer RIP to QLP; now I'm not using RIP and just using QLP.
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04-05-2016, 02:31 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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Quote:
Originally Posted by bUU
The account is added for automatic updates. It just is automatically updating the wrong allocation.
It's a critical failure afaic. I used to prefer RIP to QLP; now I'm not using RIP and just using QLP.
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What is this "QLP" and where can I use it ?
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04-05-2016, 02:52 PM
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#20
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Recycles dryer sheets
Join Date: Jan 2015
Posts: 206
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How is QLP, Quicken Lifetime Planner, better than RIP?
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