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Fidelity Retirement Calculators
03-18-2023, 09:00 AM
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#1
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Dryer sheet wannabe
Join Date: Nov 2017
Posts: 20
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Fidelity Retirement Calculators
When people posted about the Fidelity RIP retirement calculator I assumed that RIP stood for Retirement Income Planner. Has that calculator been renamed? There are a number of retirement calculators and tools at Fidelity but nothing actually called Retirement Income Planner. Is RIP referring to the Retirement Income Calculator ("Get a quick estimate of how much you could have to spend every month and explore ways to impact your cash flow in retirement.")? I have been experimenting with the Retirement Income Calculator. The word "Planner" in the old RIP name made me think it would also provide information on asset values as well and not just income.
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03-18-2023, 09:06 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: Portland
Posts: 1,986
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I had a micro panic attack when I saw the headline given the few banks that had recently failed.
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03-18-2023, 09:10 AM
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#3
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Dryer sheet wannabe
Join Date: Nov 2017
Posts: 20
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 Quote:
Originally Posted by Helen
I had a micro panic attack when I saw the headline given the few banks that had recently failed.
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Sorry about that! I never thought about the potential confusion given the recent bank failures.
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03-18-2023, 09:15 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 33,632
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Quote:
Originally Posted by Helen
I had a micro panic attack when I saw the headline given the few banks that had recently failed.
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Me too but luckily we don't have much at Fido.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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03-18-2023, 09:17 AM
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#5
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Moderator
Join Date: Nov 2015
Posts: 11,992
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Title updated, let me know if you prefer something else and I'll change again.
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03-18-2023, 09:18 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Posts: 10,167
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If that's really the name of the tool, that's a terrible name!
I've asked the moderators to change the thread title.
EDIT: name change was fast!
__________________
Retired Class of 2018
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03-18-2023, 09:30 AM
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#7
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Dryer sheet wannabe
Join Date: Nov 2017
Posts: 20
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Quote:
Originally Posted by Aerides
Title updated, let me know if you prefer something else and I'll change again.
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Thank you very much. I tried to edit the title to prevent more alarms from going off but I wasn't able to edit the title. But the reason I used that title is that is the name that everyone uses when referring to this particular planner/calculator. It turns out it was a confusing name in more ways than one.
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03-18-2023, 09:40 AM
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#8
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 22,989
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Fido's planner used to be called that, but the name was changed a few years ago, for the obvious reason.
__________________
I thought growing old would take longer.
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03-18-2023, 10:07 AM
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#9
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Moderator
Join Date: Jul 2017
Location: Long Island
Posts: 3,180
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This is a video where Rob Berger, due to questions, speaks about the ramifications to those in a brokerage should the brokerage declare bankruptcy (using Schwab as an example), and discusses how the clients' assets are held within the account - if anyone is interested.
Spoiler alert - he does not see that happening.
__________________
Use it up, wear it out, make it do or do without.
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03-18-2023, 12:48 PM
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#10
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Recycles dryer sheets
Join Date: May 2016
Posts: 282
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The Fido former RIP is now called "Planning & Guidance Center".
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03-18-2023, 03:15 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 10,265
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Quote:
Originally Posted by CDRE
The Fido former RIP is now called "Planning & Guidance Center".
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Yup, plus even when one uses the income calculator, one can switch to an asset calculation.
__________________
TGIM
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