 |
|
08-20-2012, 03:55 PM
|
#21
|
|
Recycles dryer sheets
Join Date: Apr 2012
Location: Birmingham, AL
Posts: 59
|
I've been with Fidelity for the past couple of decades and service/execution, phone or internet, has been good. I also find their online tools and research to be useful.
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
08-20-2012, 04:39 PM
|
#22
|
|
Full time employment: Posting here.
Join Date: Feb 2007
Posts: 904
|
I like Fidelity's retirement planning tools far better than Vanguard's. Vanguard's Financial Engine's tool has to be "tricked" if you are already retired and it comes up with a "safe" withdrawal amount that is far higher than Firecalc and just about anybody else's calculator hence I'm highly suspicious.
|
|
|
|
|
08-20-2012, 05:04 PM
|
#23
|
|
Recycles dryer sheets
Join Date: Apr 2011
Location: Madison
Posts: 213
|
I have both Fido and Vanguard and like both. Fidelity has a new center near me and have seminars from time to time. The account manager they assigned me is very helpfully also. When I set up a withdrawal, it was easy to have both federal and state taxes taken out. Vanguard only allowed Federal.
They both have plus and minuses.
__________________
Wild Bill shoulda taken more out of his IRA when he could have. . . .
|
|
|
|
|
08-20-2012, 05:17 PM
|
#24
|
|
Thinks s/he gets paid by the post
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,756
|
 Quote:
Originally Posted by ejman
Vanguard's Financial Engine's tool has to be "tricked" if you are already retired and it comes up with a "safe" withdrawal amount that is far higher than Firecalc and just about anybody else's calculator hence I'm highly suspicious.
|
That's because you can't define/override the end date of the plan. VG's FE use standard longivity tables unlike FIRECalc or FIDO's RIP.
And yes, it returns higher annual spend rates; IOW it does not allow you to become conserative in your personal forecast.
|
|
|
|
|
08-20-2012, 06:25 PM
|
#25
|
|
Moderator
Join Date: Oct 2005
Location: Texas
Posts: 13,413
|
Quote:
Originally Posted by Midpack
I'd recommend Vanguard, Fidelity or Schwab without reservation based on my personal,experience.
|
+1
People will have their own individual preferences here based on their own priorities, but in reality I think it's hard to go wrong with any of these three.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
|
|
08-21-2012, 09:38 AM
|
#26
|
|
Thinks s/he gets paid by the post
Join Date: Jan 2005
Posts: 1,813
|
Quote:
Originally Posted by ejman
I like Fidelity's retirement planning tools far better than Vanguard's. Vanguard's Financial Engine's tool has to be "tricked" if you are already retired and it comes up with a "safe" withdrawal amount that is far higher than Firecalc and just about anybody else's calculator hence I'm highly suspicious.
|
How do you trick Financial Engine's tool, if you are already retired? I find it irritating that you can't show a retirement date.
|
|
|
|
|
08-21-2012, 10:12 AM
|
#27
|
|
Full time employment: Posting here.
Join Date: Feb 2007
Posts: 904
|
Quote:
Originally Posted by Dreamer
How do you trick Financial Engine's tool, if you are already retired? I find it irritating that you can't show a retirement date.
|
Under the tab YOUR PROFILE enter the retirement age. The program won't allow you to enter a retirement age earlier than your current age. Two ways around it - move your retirement forward or adjust your age to suit the program. Frankly I don't think this program is the right tool.
|
|
|
|
|
08-21-2012, 11:35 AM
|
#28
|
|
Recycles dryer sheets
Join Date: Sep 2006
Posts: 317
|
Quote:
Originally Posted by ejman
I like Fidelity's retirement planning tools far better than Vanguard's. Vanguard's Financial Engine's tool has to be "tricked" if you are already retired and it comes up with a "safe" withdrawal amount that is far higher than Firecalc and just about anybody else's calculator hence I'm highly suspicious.
|
FE projects retirement income as an annuity with the premise that you plan to spend your portfolio before you die.
I only use FE as an asset allocation tool and funds evaluator rather than a retirement income calculator
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
