How are your investments doing?

[CH4Ohio]

I want a one-time study and model for spending down retirement savings. (which are still growing after 25 years retired).

I manually input our data to PlanVision's back-end eMoney modeling service. Then clicked on Fidelity's Retirement Planning and discovered Fidelity also uses eMoney for modeling. And my Fidelity data was already filled-in live in eMoney, as seen through Fidelity's portal.

I can't speak to PlanVision. I wouldn't link anyone that I found online unless I had an actual working relationship to them. Just my opinion.

Question -- since you've discovered Fidelity's Planning tools, why don't you just use their site to stress test your retirement plan? Increase your monthly spend level on their eMoney retirement planner until you find the "spend down" that you're looking for. Very easy to tweak the variables and free for you to access as often as you like.

 

[California]

I can't speak to PlanVision. I wouldn't link anyone that I found online unless I had an actual working relationship to them. Just my opinion.

Question -- since you've discovered Fidelity's Planning tools, why don't you just use their site to stress test your retirement plan? Increase your monthly spend level on their eMoney retirement planner until you find the "spend down" that you're looking for. Very easy to tweak the variables and free for you to access as often as you like.

My intention is to do both, Fidelity plus an independent view by a fiduciary.

I had a bad experience with a Fidelity advisor long ago who had contacted us after we passed some level. We assembled our data and went to see him. After 20 minutes I realized he wasn't considering what would have been our primary income after we retired, our state government pensions. He said he wasn't allowed to include that in his analysis.

We got up and walked out.

I like your idea to devise a Stress Test and plug that into the model.

 

[CH4Ohio]

My intention is to do both, Fidelity plus an independent view by a fiduciary.

I had a bad experience with a Fidelity advisor long ago who had contacted us after we passed some level. We assembled our data and went to see him. After 20 minutes I realized he wasn't considering what would have been our primary income after we retired, our state government pensions. He said he wasn't allowed to include that in his analysis.

We got up and walked out.

I like your idea to devise a Stress Test and plug that into the model.

Yeah . . . I don't use Fidelity for advice either. I just left some money there because I like their eMoney software and their website interface. No fees for the accounts and it's free to use the Planning software.

 

[CH4Ohio]

I like your idea to devise a Stress Test and plug that into the model.

You don't really need to "devise" a stress test. Just get to the retirement planning tool and start increasing your monthly spend till you "break" the model and start seeing a shortfall before the end of your time horizon. Sounds like that's what you're looking for. You can just enter a single monthly dollar amount if you like. No need to itemize or get detailed unless you want to. (Doesn't sound like you need to.)

I certainly wouldn't pay anyone to tell me how to spend my savings. . .

 

[steve tym]

I usually leave them open for 5 days. It did fill at $15. I put a sell stop in at 12.50, 20% at risk. Lets see what it does.

The fall in Bitcoin has made for some opportunity in companies wanting to raise money to buy bitcoin while it's cheap. I still think bitcoin is a ponzi, but I will ride the wave through 3rd parties. I'm not holding this for long term, so their underlying long term strategy is meaningless to me. I am just chasing volatility.

What is a "sell stop"?

 

[CH4Ohio]

What is a "sell stop"?

That would be your basic Stop Loss order. It just says to sell if the price drops to a certain price or by a certain percent.

 

[drssg]

I want a one-time study and model for spending down retirement savings. (which are still growing after 25 years retired).

IMHO, you are over-complicating it. I made up an Excel spreadsheet with annual projections for the total value of my liquid investments. It can't possibly be right, due to all the unknowns of how long I live, how the investments will perform, and unplanned major medical expenses.

I still made a projection and left a good buffer at the end of life. If things are progressing ahead of plan, then I can feel more comfortable with non-essential spending. I ran it past my financial advisor, and his only feedback was that my estimate for investment return was low. So far, he has been right.

 

[CloverKnollFarms]

When I use the Mutual of Omaha calculator for retirement draw downs...

Adjusted for inflation... Out retirement savings will continue to grow until we die, at our current burn rate, adjusted for inflation.

Our annual burn rate is only about 1.5% of the capital.

 

[grsthegreat]

The drop off from last week is all over, and my stocks came up to their high point again today.

 

[CloverKnollFarms]

The drop off from last week is all over, and my stocks came up to their high point again today.

Should have sold and then bought back today! Lock in those losses!