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Old 04-29-2012, 11:12 PM   #41
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I tried Fidelity RIP just recently. It seemed to be flawed, for my use anyway:
1) the tax assumptions it made were incorrect and could not be overridden
2) it's use of my personal data did not help in directing the tax assumptions
Have you reviewed Chapter 5 of the following RIP support document?:

http://personal.fidelity.com/plannin...ethodology.pdf
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Old 04-29-2012, 11:40 PM   #42
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Have you reviewed Chapter 5 of the following RIP support document?:

http://personal.fidelity.com/plannin...ethodology.pdf
I do not see how that helps to drive the tool to the correct assumptions. It made incorrect assumptions about my tax situation and there was no way I could find to give it the right data directly or indirectly. It takes the data and creates essential and discretionary spending.

Then in the worst case analysis it seems to forget that there is some discretion in reducing spending for a few years. That's what I see in the "detailed cash flow" statement. It did show that all is OK with our retirement spending plan though -- so I'm not unhappy with the final outcome just question the quality of the tool.

There may be some knobs and buttons I'm not aware of?
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Old 04-30-2012, 01:14 AM   #43
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There may be some knobs and buttons I'm not aware of?
Have you used the detail budget worksheet to show variable expenses over various timeframes, over the length of your expected lifespan?

(BTW, I'm traveling and I probably won't get back to this forum for a few days if you have any response)...
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Old 04-30-2012, 09:59 AM   #44
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Can I ask a FIRECALC question that I suppose has been answered in the past?

If I enter my annual "spending" at (for example) $50K, and my SS amount ($20K) as well, does FIRECALC include my SS in the 'spending'?

IOW, is FC calculating a withdrawal of $50K from my portfolio or only $30K (50 minus my SS of 20)

As I'm typing, I realize that this is likely a stupic question....
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Old 04-30-2012, 10:07 AM   #45
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Can I ask a FIRECALC question that I suppose has been answered in the past?

If I enter my annual "spending" at (for example) $50K, and my SS amount ($20K) as well, does FIRECALC include my SS in the 'spending'?

IOW, is FC calculating a withdrawal of $50K from my portfolio or only $30K (50 minus my SS of 20)

As I'm typing, I realize that this is likely a stupic question....
Marko, FIRECalc will withdraw from your portfolio the net of income minus spending. In your example, $30K.
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Old 04-30-2012, 10:08 AM   #46
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If I enter my annual "spending" at (for example) $50K, and my SS amount ($20K) as well, does FIRECALC include my SS in the 'spending'?

IOW, is FC calculating a withdrawal of $50K from my portfolio or only $30K (50 minus my SS of 20)
$30k. FIRECalc first 'spends' the income you input on the "Other Income/Spending" tab, then withdraws the balance needed from your portfolio.
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Old 02-12-2013, 11:00 PM   #47
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Any updates on the updates?

If you are still looking for input, a useful output would be to report the minimum portfolio value that occurs at any point, rather than just the ending value.

You can test for this manually by entering a minimum portfolio value on the "Investigate" tab until you get close, but that is really cumbersome.

-ERD50
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