Ian S
Thinks s/he gets paid by the post
I haven't had any interest in the Sigfig retirement calculator or having them as an advisor. I guess I was lucky as they include my brokerage retirement accounts including even VALIC which not terribly common. I use it mainly for monitoring my portfolio performance and like I said, I like to be able to download the csv file for use in a spreadsheet. I wish P.C. had a download option like that. I see where P.C. which used to use Zillow to monitor your house value no longer does that. Maybe I should give Mint another look.I went back to take a look at SigFig and it still has the same limitations as far as being able to import my 401(k). I do see the ability to download a CSV for computer import, it would be nice to have than on Personal Capital.
I tried their "retirement" tool and hated it:
- its "we estimate you'll need $XXX in retirement" is $150% what I think I will need which is already quite generous (slightly higher than what I spend while working and still paying a mortgage).
- is says Social Security should provide around $1300 because it states the US average rather than some even simple ballpark for what the SSA says I should get
- it doesn't even asj you when you want to retire, assumes 67
- only concludes that you "may" get there with your current portfolio, but that they can get you to $1500/mo higher if you sign up with them.
This guarantees I will never sign up with them as an advisor, too many red flags
Edit: you can edit the assumptions for retirment after their initial estimates, but their starting point is still ridiculous