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Old 08-07-2018, 05:28 PM   #61
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I find most of the calculators to be amusing when they tell you how much you can spend. My score on the Fidelity on was 150+, but I spend well under what they tell you that you can safely spend. My definition of safe is not as aggressive as theirs, I guess. I would caution people with using some of the calculator spend results nonetheless.
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Old 08-07-2018, 05:58 PM   #62
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I find most of the calculators to be amusing when they tell you how much you can spend. My score on the Fidelity on was 150+, but I spend well under what they tell you that you can safely spend. My definition of safe is not as aggressive as theirs, I guess. I would caution people with using some of the calculator spend results nonetheless.
Possibly, but 150+ on the Fidelity calculator which is one of the most conservative out there is a pretty good score. One of the reasons your score is 150+ is because you spend well under what they tell you can spend.
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Old 08-08-2018, 05:24 AM   #63
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Yes, I also prefer the Fidelity calculator since it's the most conservative (at its default settings)
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Old 08-08-2018, 06:43 PM   #64
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Apologies if this question has been answered before but I was wondering if anyone has used Personal Capital's planning tool instead? I ask since my accounts are centralized via PC. They use Monte Carlo simulations also, of course.
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Old 08-09-2018, 06:52 AM   #65
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We have used both. Stopped using PC because they called me too many times wanting to review portfolio. I kept telling them I wasn't interested and finally shut down my aggregation on their site.
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Old 08-09-2018, 06:55 AM   #66
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We have used both. Stopped using PC because they called me too many times wanting to review portfolio. I kept telling them I wasn't interested and finally shut down my aggregation on their site.
Me too. No longer use PC. I thought the tools were just a bit too simplistic.
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Old 08-09-2018, 11:40 AM   #67
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To both wmc1000 & COcheesehead: thanks for replying. I found that the nagging got over after I took one call with their advisor and explained that I invest in low-cost funds and that the PC cost to actively manage would be 5x the cost of investing in these funds

If not PC, where do you guys aggregate (including real estate) which also has robust tools?

I am struggling to create a realistic FIRE plan which my spouse and I can trust.
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Old 08-09-2018, 11:52 AM   #68
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To both wmc1000 & COcheesehead: thanks for replying. I found that the nagging got over after I took one call with their advisor and explained that I invest in low-cost funds and that the PC cost to actively manage would be 5x the cost of investing in these funds

If not PC, where do you guys aggregate (including real estate) which also has robust tools?

I am struggling to create a realistic FIRE plan which my spouse and I can trust.
I use the Fidelity tool mostly. I like that it has the detailed budget builder and that helps me to not overlook expenses. I tie it into 3rd party accounts so it gives me a universal view.

I also paid for an app called Retire Plan, I think it was $4.99 or something like that. Its good for what if's and has good graphics, but it doesn't do Monte Carlo.

https://itunes.apple.com/us/app/retireplan/id435739013

I-ORP is OK, cumbersome, but it gives you another view.
Firecalc is the classic, but doesn't allow you to build a budget.
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Old 08-09-2018, 12:03 PM   #69
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Vanguard let’s you add outside accounts though you have to update share quantities manually.

It generates an aggregate AA pie chart based on all your holdings, both VG and outside assets.

Otherwise you can use personal finance software. I used to do it in Quicken but bailed on their subscription scheme so use Bankivity for the Mac.

Also have a Google Sheets spreadsheet with GoogleFinance function which will update share prices everyday.

Don’t have real estate in any of these.
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Old 08-10-2018, 11:02 AM   #70
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Does the Fidelity tool allow you to aggregate both members of a couple, without doubling the money in the shared (non-retirement) Fidelity accounts? For example:
Him - 401(k), various IRAs
Her - various IRAs, couple of pensions (managed by Fidelity)
Joint - various investment accounts

Right now I handle this in Personal Capital and Quicken (excluding the pensions), but it would be nice if I could go (easily) straight to the horse's mouth (Fidelity) for this.

(with the exception of one small pension, all our eggs are in the Fidelity basket)

Thanks
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Old 08-10-2018, 11:08 AM   #71
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Does the Fidelity tool allow you to aggregate both members of a couple, without doubling the money in the shared (non-retirement) Fidelity accounts? For example:
Him - 401(k), various IRAs
Her - various IRAs, couple of pensions (managed by Fidelity)
Joint - various investment accounts

Right now I handle this in Personal Capital and Quicken (excluding the pensions), but it would be nice if I could go (easily) straight to the horse's mouth (Fidelity) for this.

(with the exception of one small pension, all our eggs are in the Fidelity basket)

Thanks
Go under Accounts and Income sources and you add/manage anything you want.
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Old 08-11-2018, 05:25 AM   #72
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Since I am close to pulling the plug in 600 days at 62, it may be easier for me to use the calculators. I don’t need live aggregate account info in the calculators, manual entry is preferred. I get pretty similar numbers from both ORP and RIP in 90% success rate. My only gripes with RIP is the lack of detail as to funding sources and taxes per year, and the average market return (50% success rate) seems extremely high. If RIP in 90% mode is conservative than I am very pleased. ORP really shines in the what if category, especially in the IRA to Roth conversion and the pay taxes now vs pay taxes later comparisons. In Monte Carlo mode, 90% success is consistent with others. Of course my RE is planned at 62, so, much shorter than many here and no high HC insurance costs means its a simpler prediction.

DW is not financially saavy and thinks I am over thinking everything. “People have been retiring with way less forever and way before computers and did just fine.” I always tell her my definition of “did just fine” must be way different than hers.
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Old 08-11-2018, 06:51 AM   #73
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Since I am close to pulling the plug in 600 days at 62, it may be easier for me to use the calculators. I don’t need live aggregate account info in the calculators, manual entry is preferred. I get pretty similar numbers from both ORP and RIP in 90% success rate. My only gripes with RIP is the lack of detail as to funding sources and taxes per year, and the average market return (50% success rate) seems extremely high. If RIP in 90% mode is conservative than I am very pleased. ORP really shines in the what if category, especially in the IRA to Roth conversion and the pay taxes now vs pay taxes later comparisons. In Monte Carlo mode, 90% success is consistent with others. Of course my RE is planned at 62, so, much shorter than many here and no high HC insurance costs means its a simpler prediction.

DW is not financially saavy and thinks I am over thinking everything. “People have been retiring with way less forever and way before computers and did just fine.” I always tell her my definition of “did just fine” must be way different than hers.
My Dad retired at 62 with SS, a small union pension and $40,000 in CD’s. This was back in the ‘80’s. He owned the house. Traveled overseas. Ate out. Enjoyed life. I sometimes think, I too am over thinking it.
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Old 08-11-2018, 07:00 AM   #74
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My 2 cents is that sure many people did just fine in retirement without using pre retirement calculators and various advice, but perhaps there is/was a small but significant enough % who didn't do well, but we don't hear of it.
My guess is that for the folks on this site who follow some structure/discipline in their investing/withdrawal strategies, it will lead to a minimum number of situations where they run out of monies.
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Old 08-11-2018, 04:34 PM   #75
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And it does appear once someone is already retired in RIP, the score goes away. I joined as a guest and was able to see the score, also 150+.
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Old 08-11-2018, 05:32 PM   #76
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And it does appear once someone is already retired in RIP, the score goes away. I joined as a guest and was able to see the score, also 150+.
You are good to go then.
What many of us do is to keep pushing the retirement out one more year, so as to be able to update it through retirement if one wishes.
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Old 08-12-2018, 06:41 AM   #77
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And it does appear once someone is already retired in RIP, the score goes away. I joined as a guest and was able to see the score, also 150+.
Instead of checking the retired box I simply check the still working box and put in salary of $1 which then shows me a score.
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Old 08-12-2018, 06:46 AM   #78
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To both wmc1000 & COcheesehead: thanks for replying. I found that the nagging got over after I took one call with their advisor and explained that I invest in low-cost funds and that the PC cost to actively manage would be 5x the cost of investing in these funds

If not PC, where do you guys aggregate (including real estate) which also has robust tools?

I am struggling to create a realistic FIRE plan which my spouse and I can trust.
In addition to Fidelity I use a Northwestern Mutual Financial Network site, (NMFN.com), as I have a policy with them. I use Fidelity RIP and FIRECALC as my 2 retirement modeling sites.

As to PC I did speak to them once and let them know I used their site simply as an aggregator to double check my other aggregation tools but after about 6 months or so the calls started again.
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Old 08-12-2018, 06:50 AM   #79
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My Dad retired at 62 with SS, a small union pension and $40,000 in CD’s. This was back in the ‘80’s. He owned the house. Traveled overseas. Ate out. Enjoyed life. I sometimes think, I too am over thinking it.
My dad did the same although his pension and CD numbers were somewhat higher. He is now 92 and his net worth continues to climb as the burn rate substantially decreased the last 10 years or so. I learned my LBYM's mantra from him.
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Old 08-12-2018, 07:02 AM   #80
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In addition to Fidelity I use a Northwestern Mutual Financial Network site, (NMFN.com), as I have a policy with them. I use Fidelity RIP and FIRECALC as my 2 retirement modeling sites.

As to PC I did speak to them once and let them know I used their site simply as an aggregator to double check my other aggregation tools but after about 6 months or so the calls started again.
The tools can never give you 100% certainty, but...
I use Fido RIP because a good deal of my portfolio is there and the aggregator works good enough.

I use Firecalc even though it doesn't have all of the investments I use, for example no intermediate treasuries for whatever reason, so I have to cobble a rough equivalent out of short term and long term bonds, which it does have.

I also use the "Funded Ratio" as described by BobK over on Bogleheads. It's the NPV of the sum of future cash inflows (returns, pensions, SS, sale of a house, etc) divided by the NPV of future liabilities (expenses) A ratio >1.0 means you're there. But you do have to guess at future real returns and future real expenses. Note that this takes away the *when* that future inflows/expenses will happen so when I do retire, I will use a variable withdrawal method, using my own spreadsheet.
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