|
|
08-12-2018, 07:13 AM
|
#81
|
Dryer sheet wannabe
Join Date: Apr 2018
Location: HARTFORD
Posts: 11
|
When I use the Fidelity retirement planner, I no longer get the retirement score? It used to do this, but no longer. Was this a change to the planner. I do love the this planer!
|
|
|
|
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!
|
08-12-2018, 07:15 AM
|
#82
|
Thinks s/he gets paid by the post
Join Date: Nov 2014
Location: Austin
Posts: 1,384
|
Quote:
Originally Posted by mhansen265
When I use the Fidelity retirement planner, I no longer get the retirement score? It used to do this, but no longer. Was this a change to the planner. I do love the this planer!
|
You won't get the score if your current age is at or past the age that you put in RIP for your first year of retirement - it considers you already retired.
|
|
|
08-12-2018, 08:09 AM
|
#83
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,436
|
The score is for the first year or all of your retirement?
Does this new version also generate the annual beginning and ending balances and the withdrawal amounts?
|
|
|
08-12-2018, 09:00 AM
|
#84
|
Full time employment: Posting here.
Join Date: Aug 2013
Location: New Jersey
Posts: 943
|
Quote:
Originally Posted by explanade
The score is for the first year or all of your retirement?
Does this new version also generate the annual beginning and ending balances and the withdrawal amounts?
|
The retirement score is calculated based on your full retirement.
The Retirement Analysis report since 2015 has given you a detailed, year by year listing of your income sources, expenses, beginning and ending balance for your entire retirement.
|
|
|
08-12-2018, 09:55 AM
|
#85
|
Dryer sheet wannabe
Join Date: Apr 2018
Location: HARTFORD
Posts: 11
|
Yeah, my wife is already retired and I have her marked as such. When I changed it the score came back. Thanks
!
|
|
|
08-12-2018, 10:20 AM
|
#86
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,297
|
Quote:
Originally Posted by mhansen265
Yeah, my wife is already retired and I have her marked as such. When I changed it the score came back. Thanks
!
|
I think you can also put in a choice of "Neither" for one of you, but don't remember how.
__________________
TGIM
|
|
|
08-12-2018, 10:28 AM
|
#87
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
|
I think it’s just a check box in the user profiles.
|
|
|
08-12-2018, 11:41 AM
|
#88
|
Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
|
Finally decided to try this thread, so after ten minutes of searching, couldn't find anything bur references to it, here, in /bobleheads and an several more retirement sites', including ER.
The Fidelity site features 42 calculators for everything in that could possibly involve money. Didn't see anything that said Fidelity RIP.
Guess I'm too impatient, but looks like I'll miss out.
|
|
|
08-12-2018, 11:43 AM
|
#89
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,297
|
Quote:
Originally Posted by imoldernu
Finally decided to try this thread, so after ten minutes of searching, couldn't find anything bur references to it, here, in /bobleheads and an several more retirement sites', including ER.
The Fidelity site features 42 calculators for everything in that could possibly involve money. Didn't see anything that said Fidelity RIP.
Guess I'm too impatient, but looks like I'll miss out.
|
See post #18. It is not called RIP anymore, even though many posters still use that term.
__________________
TGIM
|
|
|
08-12-2018, 03:40 PM
|
#90
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
|
Quote:
Originally Posted by imoldernu
Finally decided to try this thread, so after ten minutes of searching, couldn't find anything bur references to it, here, in /bobleheads and an several more retirement sites', including ER.
The Fidelity site features 42 calculators for everything in that could possibly involve money. Didn't see anything that said Fidelity RIP.
Guess I'm too impatient, but looks like I'll miss out.
|
I keyed in one search.... first link.
https://www.fidelity.com/calculators...tirement-score
|
|
|
08-12-2018, 05:46 PM
|
#91
|
Dryer sheet wannabe
Join Date: Aug 2018
Posts: 23
|
Greetings,
I’ve been using this tool for a while now. The Fidelity retirement score and data show that I could take substantially less risk in my portfolio (percent allocated to equities) to meet my spending goals with the well below market/90% confidence estimate. However, I have yet to dial back my exposure to a level close to what it shows I can and have a high likelihood of success.
I’m curious, has anyone used the results from this or similar calculators to set their equity allocation as part of their thinking around the need, ability and willingness to take risk? If so, how much weight do you put in the tool’s data when determining your equity allocation?
|
|
|
08-12-2018, 06:15 PM
|
#92
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,297
|
Quote:
Originally Posted by nassa
Greetings,
I’ve been using this tool for a while now. The Fidelity retirement score and data show that I could take substantially less risk in my portfolio (percent allocated to equities) to meet my spending goals with the well below market/90% confidence estimate. However, I have yet to dial back my exposure to a level close to what it shows I can and have a high likelihood of success.
I’m curious, has anyone used the results from this or similar calculators to set their equity allocation as part of their thinking around the need, ability and willingness to take risk? If so, how much weight do you put in the tool’s data when determining your equity allocation?
|
Welcome to our forum.
From my standpoint and I use Fidelity heavily, I never have used it from the AA decision making standpoint, but on the flip side to assist in the spending budget aspect.
__________________
TGIM
|
|
|
08-12-2018, 07:56 PM
|
#93
|
Dryer sheet wannabe
Join Date: Dec 2014
Posts: 16
|
Hoping someone can answer this question. When I have my Estimated Retirement Expenses input as a lump monthly estimate, I get a score of 102. But when I input as detailed monthly expenses, even though the total amount is the same, my score drops to 93 (with no other parameter changes).
|
|
|
08-12-2018, 07:59 PM
|
#94
|
Recycles dryer sheets
Join Date: Jan 2017
Posts: 119
|
I have seen this as well however have not run across an answer.
|
|
|
08-12-2018, 08:17 PM
|
#95
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
|
Inflation rates on healthcare costs are higher in the calculator, so if you break those out in the detailed plan vs just a lump sum, it may show less of a financial ability to cover those over time.
|
|
|
08-12-2018, 08:37 PM
|
#96
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,297
|
Quote:
Originally Posted by COcheesehead
Inflation rates on healthcare costs are higher in the calculator, so if you break those out in the detailed plan vs just a lump sum, it may show less of a financial ability to cover those over time.
|
+1
Healthcare costs are calculated at a 5.5% inflation rate vs. 2.5% for everything else.
One other possibility is that rent is calculated as being an expense for a longer period of time vs. mortgage payments, although not sure of the rate differential.
__________________
TGIM
|
|
|
08-13-2018, 12:52 AM
|
#97
|
Dryer sheet wannabe
Join Date: Dec 2014
Posts: 16
|
Don't think it's mortgage/rent because I'll be paid off by my proposed retirement date so I don't have anything input for that. As for health costs, it may be that, but I would think they make an assumption on what percentage of your monthly expenses are for health care, and apply the escalation factor to that. In my case, I don't think my health care costs would higher than average. Probably lower because I'll still be able to pay my Company's group rate until medicare kicks in, and at that point they will pay for supplemental insurance.
|
|
|
08-13-2018, 05:04 AM
|
#98
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
|
Quote:
Originally Posted by lindakoy
Don't think it's mortgage/rent because I'll be paid off by my proposed retirement date so I don't have anything input for that. As for health costs, it may be that, but I would think they make an assumption on what percentage of your monthly expenses are for health care, and apply the escalation factor to that. In my case, I don't think my health care costs would higher than average. Probably lower because I'll still be able to pay my Company's group rate until medicare kicks in, and at that point they will pay for supplemental insurance.
|
It’s not whether your individual HC costs are higher or lower, but it’s the inflation rate associated with those costs that you specify in the detailed vs lump some. They would have no way to estimate HC in your lump some input.
|
|
|
08-13-2018, 06:52 AM
|
#99
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,297
|
Quote:
Originally Posted by COcheesehead
It’s not whether your individual HC costs are higher or lower, but it’s the inflation rate associated with those costs that you specify in the detailed vs lump some. They would have no way to estimate HC in your lump some input.
|
That is an interesting point that lindakoy raises. It would seem logical that Fidelity would/could apply some percentage of medical expenses from a total lump sum budget, but probably doesn't.
Perhaps lindakoy could input all the numbers in one example with the estimated medical vs. another example with no medical and apply the expected medical to another category. The total expenses would be the same, but the retirement number should be different.
__________________
TGIM
|
|
|
08-13-2018, 10:33 AM
|
#100
|
Recycles dryer sheets
Join Date: Jan 2017
Posts: 119
|
Quote:
Originally Posted by COcheesehead
It’s not whether your individual HC costs are higher or lower, but it’s the inflation rate associated with those costs that you specify in the detailed vs lump some. They would have no way to estimate HC in your lump some input.
|
I think Cocheesehead has the answer regarding the inflation rate on medical. It is assumed to be 2.5 if spend is Inputted as a bulk number but is the detail is used, the medical portion is inflated at the higher level
The biggest issue I have with the FIDO planner is the inability to modify the inflation assumptions
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|