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RIP calculator from Fidelity
Old 02-12-2014, 04:30 PM   #1
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RIP calculator from Fidelity

Does anyone know how to change the Confidence Level from 90% to 95% or any other value?
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Old 02-12-2014, 04:47 PM   #2
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I don't know how to link to it, but there is another threat that answers your questions...

It was called "Firecalc vs Fidelity RIP"
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Old 02-12-2014, 05:14 PM   #3
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Does anyone know how to change the Confidence Level from 90% to 95% or any other value?
After you put all your info in and run the simulations

then click "View Additional What-If Scenarios""

Then click on "What if You Change Your Assumption of Market Performance"

That page then has options for 95, 90, 75, 50, and 25 % Confidence levels.

- Hope that helps.

- Let us know what you discover
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Old 02-12-2014, 05:25 PM   #4
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Thanks, I found it!
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Old 02-12-2014, 06:35 PM   #5
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Am I the only one that sees Fidelity RIP and thinks that's the "Rest In Peace" calculator? I find it kind of creepy to use.
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Old 02-12-2014, 06:38 PM   #6
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Am I the only one that sees Fidelity RIP and thinks that's the "Rest In Peace" calculator? I find it kind of creepy to use.
LOL, but I like it. i like the way you can get very detailed with expenses. It helps explaining things to DW.
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Old 02-12-2014, 10:18 PM   #7
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After you put all your info in and run the simulations

then click "View Additional What-If Scenarios""

Then click on "What if You Change Your Assumption of Market Performance"

That page then has options for 95, 90, 75, 50, and 25 % Confidence levels.

- Hope that helps.

- Let us know what you discover
That's how I remember it working! Some reports used to show 90% instead of 95% IIRC.

The name 'RIP' doesn't bother me, development won one.:thumbup:

We once tried to deliver a system that the development team wanted to call 'DOA', we couldn't get that past the marketing/documentation group.
MRG
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Old 02-13-2014, 10:01 AM   #8
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..........We once tried to deliver a system that the development team wanted to call 'DOA', we couldn't get that past the marketing/documentation group.
MRG
Yea, I know. I could never get anyone to buy into my special high intensity training system.
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Old 02-13-2014, 12:29 PM   #9
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Yea, I know. I could never get anyone to buy into my special high intensity training system.
Have you tried selling it to the Sam Houston Institute of Technology?
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Old 02-13-2014, 12:36 PM   #10
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Have you tried selling it to the Sam Houston Institute of Technology?
Not good at all. Their degrees are all BS...
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Old 02-13-2014, 12:46 PM   #11
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Not good at all. Their degrees are all BS...
And if that's not enough, you can stay longer and get MS.

PS: RIP has lots of differing scenarios one can evaluate (expenses, % confidence, long term care, etc.)

PPS: I also like RIP's ability to load detailed and variable expenses, as well as distinguish essential from discretionary.
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Old 02-13-2014, 02:39 PM   #12
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And if that's not enough, you can stay longer and get MS.
You mean it gets piled higher and deeper?
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Old 02-14-2014, 07:03 AM   #13
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You mean it gets piled higher and deeper?
Yup...if you stay in there long enough.

Where I am, it's piled highest and deepest; piles and piles around here.
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Old 02-14-2014, 08:49 AM   #14
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I've only used Fidelity's RIP, so other programs may do this as well, but find the ability to print out a spread sheet with all pertinent details like income sources, taxes, MRDs etc on a line by line basis from now until death to be really useful to see what is going on with different scenarios.
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