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Old 02-20-2016, 04:47 AM   #181
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[QUOTE=Ticker;1689413]
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Originally Posted by nwsteve View Post

so are you saying that you would take your distributions at the beginning of the year as a lump sum? I would think that a monthly distribution would be preferable. allowing time for those assets to grow throughout the year.
or go down through the year .
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Old 04-07-2016, 06:57 PM   #182
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Every now and then instead of the retirement preparedness measure wheel I get a line graph indicating what my anticipated monthly spend could potentially be in an under performing market and in an average market. For some reason I can't make this chart show up on purpose.

Anyone else get this monthly spend chart?
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Old 06-14-2016, 02:34 AM   #183
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New change to the tool. Fidelity reduced the healthcare inflation assumption from 7% to 5.5%. My retirement preparedness score went from 104 to 111 on this change.
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Old 06-14-2016, 07:15 AM   #184
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New change to the tool. Fidelity reduced the healthcare inflation assumption from 7% to 5.5%. My retirement preparedness score went from 104 to 111 on this change.
Do you know when this occurred? TIA.

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Old 06-14-2016, 07:20 AM   #185
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my retirement preparedness score went from 111 to 125 from when I checked last week.
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Old 06-14-2016, 07:20 AM   #186
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Do you know when this occurred? TIA.

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Change just happened overnight.
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Old 06-14-2016, 07:45 AM   #187
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New change to the tool. Fidelity reduced the healthcare inflation assumption from 7% to 5.5%. My retirement preparedness score went from 104 to 111 on this change.
Wow, did they give a reason anywhere as to why?
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Old 06-14-2016, 07:57 AM   #188
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while we are seeing increases they have been getting smaller then they were nationally . most of the savings has been because the plans today have higher co-pays , deductibles and out of pockets . over the years we went from 250 bucks to 2500 in deductible .

we are headed back towards where we were decades ago when you had major medical and paid for everything else
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Old 06-14-2016, 09:25 AM   #189
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New change to the tool. Fidelity reduced the healthcare inflation assumption from 7% to 5.5%. My retirement preparedness score went from 104 to 111 on this change.
Where did you get this? I was just on the site and see no change in health care assumptions from 7% under Methodology. Perhaps you meant changes to LTC cost assumptions:

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The Tool makes the following inflation assumptions and does not allow you to change these inflation rates.

Health Care Costs: The default inflation rate of health care costs is 7%. This figure is based on a study by the Centers for Medicare & Medicaid Services (CMS) (an agency of the U.S. Department of Health and Human Services) estimating growth in health care costs between 2001 and 2011.

Long-Term-Care Costs: The default inflation rate of long-term-care costs is 5.5% modeled in the what-if scenarios. This figure is based on a study by the Centers for Medicare & Medicaid Services (an agency of the U.S. Department of Health and Human Services) estimating growth in long-term-care costs between 2001 and 2011.

Long-Term-Care Insurance Premiums: The default inflation rate of long-term-care insurance premiums entered in the Budget Worksheet is 0%. This figure is based on the assumption that your insurance premiums are fixed and level.
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Old 06-14-2016, 09:31 AM   #190
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This is what pops up when I go to the retirement preparedness tool -

"A quick update

Reminder: The Fidelity Planning & Guidance Center is provided for your education only. You shouldn't use what you learn here as the primary basis for investment or tax-planning decisions.

Recent updates
To help provide a more accurate analysis, Fidelity constantly evaluates the assumptions we use, as well as new retirement research.

Lower health care inflation rate: Based on new economic projections, we’ve lowered the annual inflation rate we apply to health care expenses from 7% to 5.5%. As a result, you may see that your retirement analysis has improved.

Longer lifespans: Research now shows Americans are living longer. As a result, you may want to update your retirement goal's Time Horizon to reflect today's longer lifespans."
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Old 06-14-2016, 09:40 AM   #191
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125 in an under performing market and plugging in a 25% reduction in SS in 2035 - I think we will be okay even under the previous 7% when it showed only a 111 score.
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Old 06-14-2016, 09:42 AM   #192
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obviously they haven't updated their methodology page yet to reflect the changes they have highlighted in the updates.
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Old 06-14-2016, 09:44 AM   #193
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Thanks. I always ignore and click right through that initial pop-up (guess I won't in the future!). Rather sloppy of them not to have made corresponding changes in the methodology section.
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Old 06-14-2016, 11:03 AM   #194
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After seeing tdv2's post, I logged in and I see the change. The result is that my small margin of safety has morphed into a huge margin of safety. I did also see the reference to everybody living longer but for now I will leave the planned ages of 92/94 for us.
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Old 06-14-2016, 07:35 PM   #195
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After seeing tdv2's post, I logged in and I see the change. The result is that my small margin of safety has morphed into a huge margin of safety. I did also see the reference to everybody living longer but for now I will leave the planned ages of 92/94 for us.
I left my planning age alone as well. Since I'm only 52 now I don't think adding another year or two will make too big a difference anyway.
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Old 06-15-2016, 01:51 PM   #196
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Nice, increased my RIP score also.


On another note, I've entered in an entry under 'Additional Income Sources' for my pension and don't see a way to add in COLA increases. Any suggestions?
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Old 06-15-2016, 05:45 PM   #197
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Nice, increased my RIP score also.


On another note, I've entered in an entry under 'Additional Income Sources' for my pension and don't see a way to add in COLA increases. Any suggestions?
When you set up you pension in RIP, there is a box to click to indicate if it is a cola or non cola payment.
Find the Income section in your RIP and location your pension, click edit and make the adjustment. You should be good.
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Old 06-15-2016, 08:34 PM   #198
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Originally Posted by nwsteve View Post
When you set up you pension in RIP, there is a box to click to indicate if it is a cola or non cola payment.
Find the Income section in your RIP and location your pension, click edit and make the adjustment. You should be good.
Nwsteve
Thanks for the response but just not seeing a box mentioning COLA. There's a check box that that says 'Adjust to future dollars' which the description says is:
--------------
"Checking this box makes it so that this income source is valued at the time you expect to receive it for the purposes of your retirement analysis, accounting for inflation and the number of years until you reach the age at which you expect to begin receiving it. Otherwise, your analysis will reflect this income source valued in today's dollars."
--------------
This seems to just increase the value by some inflation amount up until the date I start receiving payments from the pension.

I was hoping for a place where I could enter in a COLA percentage, such as 1.5%, that my estimated increase will be.

My 'Income type' is Joint and Survivor Pension'. I checked all the other Income types and didn't see anything about COLA.

Maybe I'm just misunderstanding or, as my wife just reminded me, it's time for us to go for our annual eye exams.
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Old 06-15-2016, 09:25 PM   #199
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When you log in, it does give you the notice.
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File Type: jpg FidelityAnnouncement.JPG (69.5 KB, 19 views)
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Old 06-15-2016, 10:54 PM   #200
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There's a check box that that says 'Adjust to future dollars'

This seems to just increase the value by some inflation amount up until the date I start receiving payments from the pension.
From what I have seen, the 'Adjust to future dollars' option does cause income to adjust with inflation throughout retirement. Selecting this shows income flat across the Retirement Analysis bar chart when viewed in today's dollars (retaining its value over time by keeping pace with inflation), or increasing when viewed in future dollars. Unselecting the option shows the income decreasing when viewed in today's dollars (becoming less valuable) or flat when viewed in future dollars. You can change the view of the Retirement Analysis chart using the settings gear.
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