------------------------------------------------------------- *_PLEASE STOP USING Spreadsheets!_** It falls way short optimizing every retirement factor* Retirement Tool Link I reference and use and recommend -- New Retirement. Free 2 week trial. $120/yr after. You will buy this after trying (I have purchased for 3 years). www.newretirement.com/?nr_product=NRC&nr_a=35&nr_medium=affiliate& -------------------------------------------------------------------- *Need a CFP to create your retirement plan for a one time fee?* My Recommendation: Neil Fortwendel (812) 471-2492. Neil created my plan. Plan updates as you wish for a smaller fee. Check Neil out on Facebook and LinkedIn. ---------------------------------------------------------------------- *DO NOT GO IT ALONE!!!!!!!* *Money Pickle - FREE! use link to set up a FREE 45 minute dialog with a Financial Advisor* No obligation. Get answers to your questions. Get an expert to look at your plan. moneypickle.com/joekuhn --------------------------------------------------------------------- *Plant Manager, Maintenance Manager and Career Consulting -- 1 hour virtual via Teams/Cell Phone* sowl.co/s/bQifp ------------------------------------------------------------------------- Most Popular VIDEOS *Health Insurance before Medicare* ruclips.net/video/KPs4RXOOS64/видео.html *You Cannot retire with these 4* ruclips.net/video/4qlCbfizoaI/видео.html *2 shocking surprises in retirement * ruclips.net/video/pCDR29HztnQ/видео.html *15 things you must let go to retire * ruclips.net/video/Hg0nvDeM1X4/видео.html *My retirement budget* ruclips.net/video/A5PCt_43Ruo/видео.html * 5 early retirement regrets* ruclips.net/video/9qCbvCF2Swk/видео.html *this convinced me to retire* ruclips.net/video/cU6qG_xC5CU/видео.html *Timing of Social Security* ruclips.net/video/UMH4UM3F3Ag/видео.html *How I fill my buckets* ruclips.net/video/vKMGjb1Myv0/видео.html *How I document my retirement plan* ruclips.net/video/aYmiXTmZAms/видео.html *What I have learned from 300 retirement coaching clients: * ruclips.net/video/EqZutxRckUw/видео.htmlsi=dqz8JoLrcpfgjj9t --------------------------------------------------------------------------- RECOMMENDED FINANCIAL ADVISOR - Assets under Management or one time plan creation Neil Fortwendel with Northwestern Mutual ph: 812 471 2492 Video by Lean Driven Reliability LLC This is not investment advice. For entertainment ONLY. Seek professional help to understand your unique situation. #retirement #retirementplanning #retireearly #retireearlyandtravel #financialfreedom #financialindependence #retirementincome #retirementstrategy #findingpurpose #keto #ketodiet #ketovore #hiit #hiitworkout #healthylifestyle #howmuchcanIspend
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I say none of your viewers are really going it alone. That is why we are consuming your channel’s insightful content along with being routed to other valuable (and free) channels often by you, Joe. Agree that humans make errors. A big one is quickly trusting the spreadsheet and even retirement software outputs because both rely on assumptions and inputs that will be or are already wrong. Check and recheck those inputs often and take a high level view with fresh eyes to spot items to investigate. I watch quite a few advisor channels and have spotted errors that they themselves make so don’t just assume all advisors have the same level of competence. That goes for CPA’s and engineers as well. Just because someone, like a former CEO of mine, self proclaims themselves as a Thought Leader doesn’t guarantee they are one. As others have said, re-evaluate your assumptions and plan at least annually. Seasons change, feelings change, and retirement plans change.
In a general sense you are correct! Mistakes and errors will cause problems, often serious. However, it is a misunderstanding to assume that there is a “perfect” plan for the next 30 or so years. There are just too many unknowns and variables. Everything is based future assumptions and probabilities. So in theory most plans will be wrong. What we are looking for is a best guess with some contingency planning. I would also suggest that the “set it and forget it plan”, while having a probability of success, also has multiple risks. What is needed is a regular review(say yearly), and should NOT just be a review of investments and withdrawal strategies. It should also include reviews of health status, changes in longevity, goals and aspirations and the state of the world. Just reflect back to 30 years ago, and how much has happened and changed in your life and the world, and how good you were at predicting that with any real accuracy.
Joe, fantastic video. Great option of fee only. Knowing you have a plan is confidence building. Execution of that plan in good and bad economic times is life changing. I use Fidelity and love the options that platform provides, the planning is good but not to the level of the tool you recommend. Enjoy the last few weeks of summer.
Joe, I think we're getting ready to pull the plug... at 55! We really appreciate your information and were wondering if you would do a follow up video on your healthcare insurance through Indiana Farm Bureau.. pros, cons and anything else relevant. Any information is greatly appreciated. Thanks, and Boiler Up- I'll be back at Ross-Ade this Saturday!
Aloha Joe, I watched this video on Saturday, called Jessica, left a voicemail. Jessica called me Monday and I scheduled an initial phone call for September 10. Hopefully Neil will help me with a financial plan and 12 months of assistance @ $3,500. Thank you Joe.
Hey Joe, currently going through this right now with Neil. Could not agree with you more. I have decent chops understanding financial information/developing my own plan with assistance of New Retirement. But...... I am not a Financial Planner. Like you have said time and time again, you only retire once- $3500.00 for retirement plan development and support from CFP is nickles and dimes compared to what could happen if you even make one mistake - whether that is tax mistake, social security timing - whatever the issue. You only retire once- apply common sense to receive a planned confidence to spend during retirement. Oh and related to your other video released from Alaska- I am only 61- went through Prostate Cancer Surgery, still not out of the woods yet, no one in my family was ever diagnosed. So Health is number one issue and the sooner I leave my job to enjoy life the better- time is ticking.....
I'm Ok going it alone. I don't have anyone I can share financial particulars with except my wife. It's just not that hard with all the tools out there, you just need to be diligent, and have discipline. I have had a CFP do a high level overview of my portfolio and my direction and gotten a thumbs up, so that's nice. But in the end, I'm the one that needs to make all these decisions anyway. I made the money, I made the investment decisions (good and bad), I have considerable assets. And I'm going to try to retire early at 59-60. Technically I could retire now, but I want a more "spendy" retirement where my wife and I are doing tons of crazy travel. The withdraw strategy to me is the trickiest part, and the one I'm really studying right now. Between New Retirement and FI Calc and some books I'm reading and all the You Tube videos I've got a really good sense of what I can and can't do. I even do my own taxes ;) I'm 5 years out! If the market doesn't crash and burn too badly. If it does, I'll work another year.
I am with you. I have been preparing for retirement last 3 years by those actions you are doing right now. Also had plans drawer up by 4 CFPs, 1 by myself using Better Money ( we don’t have New Retirement in Canada here), at end of day, my own plan is most tax efficient & simple. Yes, educate oneself is very beneficial. Even my CFP admits that. I purchased some Annuity for me & my husband last few month to cover our daily needs along with CPP & OAS( Canada form of SS) when we are 68. So I covers off longevity risk with cognitive risk. My model is KISS, so less stress for me & more time to enjoy our life. We are planning trips for 2025 when we finally pull the plug. Good luck with your journey.
Not sure why you posted, I’m happy that you’re so smart, but I guarantee you were not an expert in all these fields. At times a small tweak or a small piece of information you don’t know can make a difference, but hey - you do you.
@@tonymartucci7097 I posted my thoughts because I have a very large independent streak and because I felt like it :) I never said anything was for sure or bulletproof. Life is not a given, you do the best you can.
James and Ari at Root use their software The Early Retirement Academy software. How does that stack up to New Retirement software? It looks good but looking for outside validation Thanks
So, he's with Northwestern Mutual, the Insurance Company, right? Will he try to sell me an Annuity product, life insurance or long-term Insurance policy? Most important, is he a Fiduciary?
Hi Joe. Great video. Do you know what underlying planning software Neil uses and also his ability to perform and understand long term tax forecasting/modeling. I’m a DIYer no complicated assets, businesses etc. thank you. …Pat
I really like your videos and I’m sure that my plan has errors, but is it fair to call all errors the same? Wouldn’t it be more informative if we broke the errors into little things versus serious things?
Joe Long time listener, but I just don’t understand why when probably 90% of those who watch your show have their IRAs and one of the big three Schwab Fidelity or Vanguard Why not encourage them to utilize their programs because they are free They have some great retirement planning software that’s very similar to what you keep saying to use plus all of their accounts are in one spot so it makes it very easy and they all will provide a level of assistance is very good I would think that would be the starting point for most people Now those smaller companies like TR price, American century, and all the rest probably offer something similar But I would think you would want to exhaust all options with those companies that they are already doing business with with their IRAs Sure would make sense to me I appreciate your show
Would you mind telling more about this retirement planning software from Schwab and Vanguard? I have accounts with both and don't see anything available to me with new retirement or projection lab kind of features.
Not sure about planning software at Vanguard but Schwab Advisors (at least mine) utilize MoneyGuidePro. Wife and I are 74 and when I retired 10yrs ago, I created my own planner using Excel. The concepts and data input was similar to New Retirement and I kept it up for several years until it got too cumbersome incorporating annual tax law changes. I wanted something similar and looked at several but subscribed to New Retirement 2 years ago and haven't looked back. My "former" advisor at Raymond James really didn't offer financial planning so we parted a few years ago and moved everything to Schwab. My advisor there offered to do a plan at no cost which I did (used same inputs as NR) as an alternate check. Results were very compatible to those in NR. By the way, my portfolio and management is totally DYI, not any of the Schwab Robo-offerings because I wanted to customize the allocations and ETFs. Our overall retirement planning & financial strategy is similar to Joe Kuhn's, hence partially why I enjoy his commentary.
I have fidelity and use their retirement planner. I find it is good in that it imports your accounts (the ones held by them) automatically into the planner with manual accounts held outside Fidelity. It also lets you manually adjust future income (current W2), spend on budget items by year (medical and go-go vs. slow-go years) and select much below / below and average investment returns. Where I find it missing is taxes, RMD's and savings withdrawals strategy. These appear to be block boxes built into the software where there is no ability to adjust. For instance, the software will show at age 70 RMD's will start kicking in, but there does not appear to a way to do a Roth conversions pre age 70 / Social Security payments to max out low tax brackets which likely will provide a much better tax scenario to maximize the dollar available to you to spend. I am currently using the Fidelity software to see if I am likely "safe" with the investments / spend I have, but would definately not rely on it to pull the trigger and retire or to manage retirement as having the correct tax strategy can likely lead to keeping 10-30% of the money for spending vs. donating it to the IRS.
@@BarryMartin-gr6ex i’m heavy user of the Fidelity software and it may not show you year by year they RMD that you have to take, but there’s a reason for that and that is a person situation changes all the time and you have to look at it every single year anyway, because the new retirement software no matter how many hours you spend on that thing, the only guarantee is that the years that are projected are going to change once you get there so since the Fidelity software is free and you know you should be taking RMD‘s anyway and also Roth conversions that’s the reason I don’t mind taking it one year at a time rather than projecting those out just to make me feel good because I know I’m gonna have to do that anyway plus as I said, the Fidelity software is free Why pay for something that just makes it look prettier and is not gonna work once you are 75 anyway as far as RMD’s go in the amounts because those things will change according to how your investments grow
New subscriber, even though I am in Australia I love your videos. When doing quarterly check and looking for gain or loss turn do you look at bucket 3 balance from last quarter to see if gain or loss? Thank you
![Quando Rondo - Life Goes On [Official Music Video]](http://i.ytimg.com/vi/eIf3fhMXAow/mqdefault.jpg)
-------------------------------------------------------------
*_PLEASE STOP USING Spreadsheets!_** It falls way short optimizing every retirement factor*
Retirement Tool Link I reference and use and recommend -- New Retirement. Free 2 week trial. $120/yr after. You will buy this after trying (I have purchased for 3 years).
www.newretirement.com/?nr_product=NRC&nr_a=35&nr_medium=affiliate&
--------------------------------------------------------------------
*Need a CFP to create your retirement plan for a one time fee?* My Recommendation: Neil Fortwendel (812) 471-2492. Neil created my plan. Plan updates as you wish for a smaller fee. Check Neil out on Facebook and LinkedIn.
----------------------------------------------------------------------
*DO NOT GO IT ALONE!!!!!!!*
*Money Pickle - FREE! use link to set up a FREE 45 minute dialog with a Financial Advisor*
No obligation. Get answers to your questions. Get an expert to look at your plan.
moneypickle.com/joekuhn
---------------------------------------------------------------------
*Plant Manager, Maintenance Manager and Career Consulting -- 1 hour virtual via Teams/Cell Phone*
sowl.co/s/bQifp
-------------------------------------------------------------------------
Most Popular VIDEOS
*Health Insurance before Medicare* ruclips.net/video/KPs4RXOOS64/видео.html
*You Cannot retire with these 4* ruclips.net/video/4qlCbfizoaI/видео.html
*2 shocking surprises in retirement * ruclips.net/video/pCDR29HztnQ/видео.html
*15 things you must let go to retire * ruclips.net/video/Hg0nvDeM1X4/видео.html
*My retirement budget* ruclips.net/video/A5PCt_43Ruo/видео.html
* 5 early retirement regrets* ruclips.net/video/9qCbvCF2Swk/видео.html
*this convinced me to retire* ruclips.net/video/cU6qG_xC5CU/видео.html
*Timing of Social Security* ruclips.net/video/UMH4UM3F3Ag/видео.html
*How I fill my buckets* ruclips.net/video/vKMGjb1Myv0/видео.html
*How I document my retirement plan* ruclips.net/video/aYmiXTmZAms/видео.html
*What I have learned from 300 retirement coaching clients: * ruclips.net/video/EqZutxRckUw/видео.htmlsi=dqz8JoLrcpfgjj9t
---------------------------------------------------------------------------
RECOMMENDED FINANCIAL ADVISOR - Assets under Management or one time plan creation
Neil Fortwendel with Northwestern Mutual ph: 812 471 2492
Video by Lean Driven Reliability LLC
This is not investment advice. For entertainment ONLY. Seek professional help to understand your unique situation.
#retirement #retirementplanning #retireearly #retireearlyandtravel #financialfreedom #financialindependence #retirementincome #retirementstrategy #findingpurpose #keto #ketodiet #ketovore #hiit #hiitworkout #healthylifestyle #howmuchcanIspend
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Thank you. It’s great having a reliable source of good information to send people to. 😀
I say none of your viewers are really going it alone. That is why we are consuming your channel’s insightful content along with being routed to other valuable (and free) channels often by you, Joe. Agree that humans make errors. A big one is quickly trusting the spreadsheet and even retirement software outputs because both rely on assumptions and inputs that will be or are already wrong. Check and recheck those inputs often and take a high level view with fresh eyes to spot items to investigate. I watch quite a few advisor channels and have spotted errors that they themselves make so don’t just assume all advisors have the same level of competence. That goes for CPA’s and engineers as well. Just because someone, like a former CEO of mine, self proclaims themselves as a Thought Leader doesn’t guarantee they are one. As others have said, re-evaluate your assumptions and plan at least annually. Seasons change, feelings change, and retirement plans change.
In a general sense you are correct! Mistakes and errors will cause problems, often serious.
However, it is a misunderstanding to assume that there is a “perfect” plan for the next 30 or so years.
There are just too many unknowns and variables. Everything is based future assumptions and probabilities. So in theory most plans will be wrong. What we are looking for is a best guess with some contingency planning.
I would also suggest that the “set it and forget it plan”, while having a probability of success, also has multiple risks.
What is needed is a regular review(say yearly), and should NOT just be a review of investments and withdrawal strategies. It should also include reviews of health status, changes in longevity, goals and aspirations and the state of the world.
Just reflect back to 30 years ago, and how much has happened and changed in your life and the world, and how good you were at predicting that with any real accuracy.
Wise
Joe, so much for that "retirement" you were talking about-welcome to the glamorous life of sales! Who knew this was your true calling?
Joe, fantastic video. Great option of fee only. Knowing you have a plan is confidence building. Execution of that plan in good and bad economic times is life changing. I use Fidelity and love the options that platform provides, the planning is good but not to the level of the tool you recommend. Enjoy the last few weeks of summer.
Joe, I think we're getting ready to pull the plug... at 55! We really appreciate your information and were wondering if you would do a follow up video on your healthcare insurance through Indiana Farm Bureau.. pros, cons and anything else relevant. Any information is greatly appreciated. Thanks, and Boiler Up- I'll be back at Ross-Ade this Saturday!
In a nutshell I love it. 4 years now.
Great content. Thank you for your problem solving skills.
Aloha Joe, I watched this video on Saturday, called Jessica, left a voicemail. Jessica called me Monday and I scheduled an initial phone call for September 10. Hopefully Neil will help me with a financial plan and 12 months of assistance @ $3,500. Thank you Joe.
Outstanding.
Thanks Joe
Hey Joe, currently going through this right now with Neil. Could not agree with you more. I have decent chops understanding financial information/developing my own plan with assistance of New Retirement. But...... I am not a Financial Planner. Like you have said time and time again, you only retire once- $3500.00 for retirement plan development and support from CFP is nickles and dimes compared to what could happen if you even make one mistake - whether that is tax mistake, social security timing - whatever the issue. You only retire once- apply common sense to receive a planned confidence to spend during retirement. Oh and related to your other video released from Alaska- I am only 61- went through Prostate Cancer Surgery, still not out of the woods yet, no one in my family was ever diagnosed. So Health is number one issue and the sooner I leave my job to enjoy life the better- time is ticking.....
Wise words and good luck
How did you decide on the two other people to go over your plan ideas with ?
Close long term friends
@@joekuhnlovesretirement Here is the problem.. I have several close long term friends. But we NEVER talk specifics on money.
I'm Ok going it alone. I don't have anyone I can share financial particulars with except my wife. It's just not that hard with all the tools out there, you just need to be diligent, and have discipline. I have had a CFP do a high level overview of my portfolio and my direction and gotten a thumbs up, so that's nice. But in the end, I'm the one that needs to make all these decisions anyway. I made the money, I made the investment decisions (good and bad), I have considerable assets. And I'm going to try to retire early at 59-60. Technically I could retire now, but I want a more "spendy" retirement where my wife and I are doing tons of crazy travel. The withdraw strategy to me is the trickiest part, and the one I'm really studying right now. Between New Retirement and FI Calc and some books I'm reading and all the You Tube videos I've got a really good sense of what I can and can't do. I even do my own taxes ;) I'm 5 years out! If the market doesn't crash and burn too badly. If it does, I'll work another year.
I am with you. I have been preparing for retirement last 3 years by those actions you are doing right now. Also had plans drawer up by 4 CFPs, 1 by myself using Better Money ( we don’t have New Retirement in Canada here), at end of day, my own plan is most tax efficient & simple. Yes, educate oneself is very beneficial. Even my CFP admits that. I purchased some Annuity for me & my husband last few month to cover our daily needs along with CPP & OAS( Canada form of SS) when we are 68. So I covers off longevity risk with cognitive risk. My model is KISS, so less stress for me & more time to enjoy our life. We are planning trips for 2025 when we finally pull the plug. Good luck with your journey.
@@freedomlife3623a cfp is help but ok good for you
Not sure why you posted, I’m happy that you’re so smart, but I guarantee you were not an expert in all these fields. At times a small tweak or a small piece of information you don’t know can make a difference, but hey - you do you.
@@tonymartucci7097 I posted my thoughts because I have a very large independent streak and because I felt like it :) I never said anything was for sure or bulletproof. Life is not a given, you do the best you can.
James and Ari at Root use their software The Early Retirement Academy software. How does that stack up to New Retirement software? It looks good but looking for outside validation
Thanks
I have not used Root’s. They get a license to use for $3000 or so. NR gives the same output for $120 as the advisors I interviewed.
Why do you prefer fixed fee financial advisors over asset under management advisors?
Massive difference in cost and similar service
So, he's with Northwestern Mutual, the Insurance Company, right? Will he try to sell me an Annuity product, life insurance or long-term Insurance policy?
Most important, is he a Fiduciary?
No on insurance unless right for you. Yes fiduciary.
Hi Joe. Great video. Do you know what underlying planning software Neil uses and also his ability to perform and understand long term tax forecasting/modeling. I’m a DIYer no complicated assets, businesses etc. thank you. …Pat
No. But get same result as New retirement
I really like your videos and I’m sure that my plan has errors, but is it fair to call all errors the same?
Wouldn’t it be more informative if we broke the errors into little things versus serious things?
Good point. The thing is it is hard to give blanket information that applies to everyone. One person’s small error is another’s huge
@@joekuhnlovesretirement for instance?
What kind is engineer, EE, ME, aerospace?
Mechanical
$3500 for the plan, labour day weekend sale?
Joe
Long time listener, but I just don’t understand why when probably 90% of those who watch your show have their IRAs and one of the big three Schwab Fidelity or Vanguard
Why not encourage them to utilize their programs because they are free
They have some great retirement planning software that’s very similar to what you keep saying to use plus all of their accounts are in one spot so it makes it very easy and they all will provide a level of assistance is very good
I would think that would be the starting point for most people
Now those smaller companies like TR price, American century, and all the rest probably offer something similar
But I would think you would want to exhaust all options with those companies that they are already doing business with with their IRAs
Sure would make sense to me
I appreciate your show
Would you mind telling more about this retirement planning software from Schwab and Vanguard? I have accounts with both and don't see anything available to me with new retirement or projection lab kind of features.
This is a strong DIY group. They want to know more than these basic programs
Not sure about planning software at Vanguard but Schwab Advisors (at least mine) utilize MoneyGuidePro. Wife and I are 74 and when I retired 10yrs ago, I created my own planner using Excel. The concepts and data input was similar to New Retirement and I kept it up for several years until it got too cumbersome incorporating annual tax law changes. I wanted something similar and looked at several but subscribed to New Retirement 2 years ago and haven't looked back. My "former" advisor at Raymond James really didn't offer financial planning so we parted a few years ago and moved everything to Schwab. My advisor there offered to do a plan at no cost which I did (used same inputs as NR) as an alternate check. Results were very compatible to those in NR. By the way, my portfolio and management is totally DYI, not any of the Schwab Robo-offerings because I wanted to customize the allocations and ETFs. Our overall retirement planning & financial strategy is similar to Joe Kuhn's, hence partially why I enjoy his commentary.
I have fidelity and use their retirement planner. I find it is good in that it imports your accounts (the ones held by them) automatically into the planner with manual accounts held outside Fidelity. It also lets you manually adjust future income (current W2), spend on budget items by year (medical and go-go vs. slow-go years) and select much below / below and average investment returns. Where I find it missing is taxes, RMD's and savings withdrawals strategy. These appear to be block boxes built into the software where there is no ability to adjust. For instance, the software will show at age 70 RMD's will start kicking in, but there does not appear to a way to do a Roth conversions pre age 70 / Social Security payments to max out low tax brackets which likely will provide a much better tax scenario to maximize the dollar available to you to spend.
I am currently using the Fidelity software to see if I am likely "safe" with the investments / spend I have, but would definately not rely on it to pull the trigger and retire or to manage retirement as having the correct tax strategy can likely lead to keeping 10-30% of the money for spending vs. donating it to the IRS.
@@BarryMartin-gr6ex i’m heavy user of the Fidelity software and it may not show you year by year they RMD that you have to take, but there’s a reason for that and that is a person situation changes all the time and you have to look at it every single year anyway, because the new retirement software no matter how many hours you spend on that thing, the only guarantee is that the years that are projected are going to change once you get there so since the Fidelity software is free and you know you should be taking RMD‘s anyway and also Roth conversions that’s the reason I don’t mind taking it one year at a time rather than projecting those out just to make me feel good because I know I’m gonna have to do that anyway plus as I said, the Fidelity software is free
Why pay for something that just makes it look prettier and is not gonna work once you are 75 anyway as far as RMD’s go in the amounts because those things will change according to how your investments grow
Interesting….I have a very simple plan….not exactly the price being charged...
New subscriber, even though I am in Australia I love your videos. When doing quarterly check and looking for gain or loss turn do you look at bucket 3 balance from last quarter to see if gain or loss? Thank you
Yes
Repost?
No. Simailar topic but new information