JoeWras
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 18, 2012
- Messages
- 11,738
So I'm going through Quicken last night and notice the DW's 401k has this huge "cash" balance in it. Looked at it and realized that DW's paycheck deductions were going to the account, but she wasn't appropriately moving the cash to the securities in the account per quarterly statements. She stopped doing this in 2008, apparently because with the bad market, doing it was depressing at the time (money was evaporating).
Whatever the reason, we fixed it up and BAM, networth just increased by 5%. What a NICE surprise. I mean, that's one year of withdrawals right there. I couldn't think of a nicer problem to have!
But this got me thinking. I plan on having someone look at my finances as a double check. But it could be garbage in, garbage out. Right? This is especially true if I'm just providing information over the internet or by phone to a remote adviser. Or should I insist on sending them actual last statements?
So, who do you have to "audit" your situation?
I'm concerned a bit because I see people here ask for firecalc numbers from people, and make broad recommendations. Meanwhile, upon further review, we've seen sometimes it is garbage that is put into firecalc. I'm just hoping I don't have garbage-in. I'm pretty good with numbers, but here's an example of something that slipped under my radar.
Whatever the reason, we fixed it up and BAM, networth just increased by 5%. What a NICE surprise. I mean, that's one year of withdrawals right there. I couldn't think of a nicer problem to have!
But this got me thinking. I plan on having someone look at my finances as a double check. But it could be garbage in, garbage out. Right? This is especially true if I'm just providing information over the internet or by phone to a remote adviser. Or should I insist on sending them actual last statements?
So, who do you have to "audit" your situation?
I'm concerned a bit because I see people here ask for firecalc numbers from people, and make broad recommendations. Meanwhile, upon further review, we've seen sometimes it is garbage that is put into firecalc. I'm just hoping I don't have garbage-in. I'm pretty good with numbers, but here's an example of something that slipped under my radar.