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Old 03-17-2009, 04:40 PM   #21
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Generally speaking, the more you can contribute, the better off you will be.
The challenge is contributing more.
I was at 18% until some health issues came up with DD, and am back to 5%. I'd like to max out my 401K, but its just not possible at this time.
I had great success adding 1% to my contribution every time I got a raise or COLA.
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Old 03-17-2009, 07:07 PM   #22
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Quote:
Originally Posted by TromboneAl View Post
Dave Barry had a joke about an insurance salesman's questionnaire. It looks like this:

1. How much life insurance do you have? ____________________
2. That's not enough, let's set up an appointment to go over your needs.

That's how I'd structure a "How much should I save" questionnaire.
Yeah, I realize it's a pretty naive question with a billion ways to answer it. There have been a lot of helpful responses though. I've been known to ask "how much insurance should I get too"
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Old 03-17-2009, 10:34 PM   #23
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Asset Allocation Wizard

I just found this tool on money.com - Retirement Investing: Get your asset allocation right - Calculator - CNNMoney.com

It recommends I have 50% in large cap, 20% small cap, 20% foreign and 10% bonds. It's kind of a neat albeit simplistic tool. I'm kind of surprised it recommended that much in large cap.
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Old 03-17-2009, 11:03 PM   #24
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Neat, simplistic, and potentially dangerous. Read, learn, decide. And when I say read, I don't mean Money magazine. Here's a list of resources - FIRE Recommended Reading List

Here's a good article about calculators - (FAQ archive): Bernstein's "Retirement Calculator from Hell" articles
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Old 03-18-2009, 08:18 AM   #25
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Neat, simplistic, and potentially dangerous. Read, learn, decide. And when I say read, I don't mean Money magazine. Here's a list of resources - FIRE Recommended Reading List

Here's a good article about calculators - (FAQ archive): Bernstein's "Retirement Calculator from Hell" articles
Thanks for the links. I think I'll read A Random Walk Down Street and/or The Only Guide to a Winning Investment Strategy You'll ever need. I'm also going to meet with someone from Fidelity just to hear what they have to say.

I've never put much weight into those retirement calculators. I figure anything that asks me when I expect to die can't be too accurate.
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Old 03-18-2009, 08:47 AM   #26
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Originally Posted by harley View Post
Neat, simplistic, and potentially dangerous. Read, learn, decide. And when I say read, I don't mean Money magazine. Here's a list of resources - FIRE Recommended Reading List

Here's a good article about calculators - (FAQ archive): Bernstein's "Retirement Calculator from Hell" articles
Your points kind of miss the mark.

Bernstein points out the fallacy with average return calculators versus safe withdrawal rates. He would not have a problem with an asset allocation calculator that models/suggests asset mixes versus user defined events. In that regard the CNNMoney asset allocation calculator can be enlightening.
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Old 03-18-2009, 09:10 AM   #27
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There's a tool here that can help. FIRECalc. You'll see a link at the bottom of each page.
Coach
Coach,
Thanks for pointing out where FIRECalc is. It used to be very obvious but I haven't been able to find it here for a very long time. I don't think I could have done a better job of hiding it if I had tried.
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Old 03-18-2009, 09:16 AM   #28
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Coach,
Thanks for pointing out where FIRECalc is. It used to be very obvious but I haven't been able to find it here for a very long time. I don't think I could have done a better job of hiding it if I had tried.
I don't know what browser you are using, but with Mozilla Firefox, I can hit ctrl-F to bring up the search box, then type in firecalc and it finds the link on the page instantly. This is how I frequently interface with web pages - if a quick 2 second scan can't find what I'm searching for, I ctrl-F then type in whatever it is that I seek.
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Old 03-18-2009, 09:37 AM   #29
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Fuego.....thanks for the tip. I have a MacBook and ctl-f doesn't seem to do anything. (hopefully I can remember it for the PC). And using search on the forum only brings up the threads talking about Firecalc and not firecalc itself.
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Old 03-18-2009, 09:49 AM   #30
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Fuego.....thanks for the tip. I have a MacBook and ctl-f doesn't seem to do anything. (hopefully I can remember it for the PC). And using search on the forum only brings up the threads talking about Firecalc and not firecalc itself.
There may be a "search" or "find" function in whatever browser macs have on them. Unfortunately I have zero experience with macs so that's all I know.
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Old 03-18-2009, 06:39 PM   #31
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I use the Find command all the time too. On a Mac it's Command + f for both Safari and Firefox. You can see the other shortcut commands when you mouse over the Menu Bar (The keyboard short cuts are typically displayed to the right of the option).

Some others that I frequently use on a PC are:
Alt + Tab : switch between windows
FN + Tab : switch between FireFox tabs
Crtl + S : Save
Crtl + R : Find and Replace
F6 : selects the URL in FF
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