RIP calculator from Fidelity

[jkern]

Does anyone know how to change the Confidence Level from 90% to 95% or any other value?

 

[Louis2]

I don't know how to link to it, but there is another threat that answers your questions...

It was called "Firecalc vs Fidelity RIP"

 

[MasterBlaster]

Does anyone know how to change the Confidence Level from 90% to 95% or any other value?

After you put all your info in and run the simulations

then click "View Additional What-If Scenarios""

Then click on "What if You Change Your Assumption of Market Performance"

That page then has options for 95, 90, 75, 50, and 25 % Confidence levels.

- Hope that helps.

- Let us know what you discover

 

[jkern]

Thanks, I found it!

 

[Ready]

Am I the only one that sees Fidelity RIP and thinks that's the "Rest In Peace" calculator? I find it kind of creepy to use.

 

[Jack_Pine]

Am I the only one that sees Fidelity RIP and thinks that's the "Rest In Peace" calculator? I find it kind of creepy to use.

LOL, but I like it. i like the way you can get very detailed with expenses. It helps explaining things to DW.

 

[MRG]

After you put all your info in and run the simulations

then click "View Additional What-If Scenarios""

Then click on "What if You Change Your Assumption of Market Performance"

That page then has options for 95, 90, 75, 50, and 25 % Confidence levels.

- Hope that helps.

- Let us know what you discover

That's how I remember it working! Some reports used to show 90% instead of 95% IIRC.

The name 'RIP' doesn't bother me, development won one.:thumbup:

We once tried to deliver a system that the development team wanted to call 'DOA', we couldn't get that past the marketing/documentation group.
MRG

 

[travelover]

..........We once tried to deliver a system that the development team wanted to call 'DOA', we couldn't get that past the marketing/documentation group.
MRG

Yea, I know. I could never get anyone to buy into my special high intensity training system.

 

[braumeister]

Yea, I know. I could never get anyone to buy into my special high intensity training system.

Have you tried selling it to the Sam Houston Institute of Technology?

 

[MichaelB]

Have you tried selling it to the Sam Houston Institute of Technology?

Not good at all. Their degrees are all BS...

 

[Huston55]

Not good at all. Their degrees are all BS...

And if that's not enough, you can stay longer and get MS.

PS: RIP has lots of differing scenarios one can evaluate (expenses, % confidence, long term care, etc.)

PPS: I also like RIP's ability to load detailed and variable expenses, as well as distinguish essential from discretionary.

 

[braumeister]

And if that's not enough, you can stay longer and get MS.

You mean it gets piled higher and deeper?

 

[Huston55]

You mean it gets piled higher and deeper?

Yup...if you stay in there long enough.

Where I am, it's piled highest and deepest; piles and piles around here.

 

[travelover]

I've only used Fidelity's RIP, so other programs may do this as well, but find the ability to print out a spread sheet with all pertinent details like income sources, taxes, MRDs etc on a line by line basis from now until death to be really useful to see what is going on with different scenarios.