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Please send me your email so I can interface with you directly.

Is longer better? And I might want your coaching session

Certified Public Accountant

What I didn't like about New Retirement/Boldin is that it didn't explain WHY it recommended the Roth Conversion options the way it did.

Is there a way to "reset" the planner, and enter new figures?

How does one join the Retirement planning club?

Very helpful walkthrough. Thank you.

Nice job explaining all this. I don't have the tool yet, but will sign up today! I'm retiring in six months so it's time to get after it more!

Thanks for the video it's very helpful. One big concern though - after following along and completing my info, this is what I find: Assumptions set to Optimistic: 93% Chance of Succes HOWEVER Assumptions set to Average: 55% Chance of Success. What's up with that? It's freaking me out. Please help. Thank you.

Can you explain why is it that you use the Montecarlo "50th Percentile" as the "Optimistic Return of Rate" in NewRetirement. Is it because you typically use the Optimistic view in NewRetirement instead of the Average? To me it makes more sense to use the 10th Percentile, and the 90th Percentile minus 1 percent, and then use the Average view in NewRetirement. Can you explain the rationale? Thanks!

Terrific analysis of these two tools. Crystal clear pros and cons. Impressive. Subscribed.

I’m very interested in getting this software. Is it going to work for somebody from Canada?

This was extremely helpful. I readjusted my plan based on your assumptions. This gave me a good baseline to use. Thanks!

Dude.... you plugged in 5% pessimistic & 3.5% optimistic general inflation....... and left SS Inflation at & 0.5% pessimistic & 2% optimistic!?!? That is not going to make for an accurate modeling of spending/inflation over time at all!

I have a deferred income account. Does this program have an ability to factor in the withdrawal schedule for those types of accounts?

How does this tool stack up against the service that Craig Wear provides? Also, is your software and my data kept on my PC, or is this web based with storage on the cloud someplace?

I have a cash-value whole life policy which I intend to use for late stage retirement income (spend-down traditional assets until, say, 80yrs old and then use the policy, first withdrawal to my cost basis, then use policy loans) for income in the final years. Do you know of any tools that do what these two do, but also support using a cash-value life insurance policy in this way, for part of the modeling?

I really don't understand the reasoning for reducing the CAGR by 1%. It's the Optimistic number you're entering, not the Average. When I look at scenarios in NewRetirement, I am never looking at Optimistic numbers--it's only Pessimistic or Average, and Average is already just the average of the Optimistic and Pessimistic values. So that seems to reduce the Average to the point where it's unrealistically low. That said, I don't have a body of data to support the reasonableness of choosing that more pessimistic value, but it seems that it would set you off on a too-conservative path with respect to withdrawal strategy, Roth conversions, tax strategies, and various other things that could be quite problematic.

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

Can the new retirement be used for those in overseas without 401k？

Great content for people new to NR like me (playing with free version, Plus trial and likely buyer soon). Would have been really interesting to explore the 2026 suggestion of a much bigger conversion - why? what impact? how much tax?

Excellent tutorial, thanks. I'll definitely watch more of your content. I've played with the free basic version of NR but haven't done the 14 day trial yet. But I'm confused at 32:15 of the video on Lifetime Cash Flow. NR says on screen "in every year of your plan, your income is projected to cover projected expenses" but the chart clearly shows from 2024 to 2027 that it doesn't. Any insights on this? Thanks

In general If you want to perform a Roth conversion because your RMDs will be very high and almost all our 12:55 retirement monies are in an IRA so you will have to pay the taxes out of your IRA account. However my future tax rates will be much higher once the tcja expires and you will not. Increase your Irma Medicare rates. Does this Roth conversion make sense?

Very helpful Trent, thank you.

Perfect comparison. You answered all my questions in order to decide to which platform to use. Thank you.

Not sure why the comparison between Personal Capital and New Retirement; the former is merely an account aggregator, while the latter is a retirement planner. 🤷 I actually use both; Personal Capital for a real-time snapshot of my net worth, and New Retirement for all my what-if’s. New Retirement will be helpful for when I eventually meet with a retirement/tax planner.

Much appreciated. I'm in the "new to New Retirement" planning group. I'll be watching.

Does the Roth conversion analysis include the effect on the premium tax credit when you get health insurance under the ACA?

Many people overlook the fact that traditional IRA withdraws are taxed as ordinary income which also impacts social security provisional income causing social security income to become taxable and can have impacts on IRMAA not to mention the possibility of it creating a tax torpedo. And on top of all that they have RMDs. Taxes on ordinary income vs capital gains are vastly different! Ordinary income tax rates are far higher than capital gains tax rates. Taxable accounts (where withdraws older than 1 year are taxed as capital gains and not ordinary income) do not have RMDs and allow withdraws at any time can easily be tax free. In fact, a married couple can take over $100k of cap gains and pay $0 tax so long as there is no other income since cap gains taxes stack on top of ordinary income taxes. Stop and think about this for a second. You can take ONE HUNDRED THOUSAND DOLLARS per year TAX FREE in capital gains! (The 2023 0% cap gains tax bracket is up to $89,250 with a standard deduction of $27,700). You can make this happen with a little strategic planning ahead of time. Point being, investments that you have saved for your retirement should not continued to be taxed as if they were income for the rest of your life. Yet this is what happens in traditional IRAs and 401ks. Instead, they should be taxed as capital gains which is what ROTH and taxable accounts do. ROTH accounts have no taxes on withdraws and no RMDs and they dont count towards any of the traditional IRA downfalls. This is can be a major consideration in the decision on whether or not to convert. Its likely better in many scenarios to bypass traditional IRAs and go with taxable and ROTH accounts in the first place.

Helpful, thanks!

Thanks for the walkthrough. One part I don't understand is real estate tax. The application said it automatically calculates and includes it, but I don't see it coming up anywhere in expense, and there doesn't seem to be any way to manually enter it in expense.

Thank you sir. Appreciated it. Will join

Thanks for sharing. Will this tool allow you set your expenses in the future. Say, at age 75, I would expect my expenses to be less (obviously adj. for inflation). Then, maybe reduce them further at 80 or 85. The thought here is, possibly have more income in the Go-go years and less in the No-go years.

I have used Personal Capital for a few years now, mostly for net worth tracking and asset allocation across multiple accounts. I will check out New Retirement next. Thanks!

How about the software from Root Financial? I have NR, but it is weak in real estate modeling. The one from Route Financial looks better, but I have yet to purchase it.

when i go to the planning club, all it shows is a "contact me" link, nothing else. ???

In NR, is there a way to plan for future changes in spending habits? Or does it simply assume your expenses will grow at a fixed percentage over time? For example, if someone plans to have kids in X years, they expect their expenses to increase from that point on and their savings rate to be lower. It would be really nice to have that level of control in the modeling.

13:10 Question: What strikes me when looking at the Annual Tax Liability Chart for the two tax strategies (no Roth conversion vs. Roth conversion) is Area Under the Curve (AUC) for the two curves, which would compare the TOTAL tax burden over that period of time (think Calculus 101 and integrating two functions over a definite interval). Does the software provide that information? Just curious. Thanks! J

you breezed over the deductions section - do you itemize benefit payments, taxes, 401K contrib?

I recently converted $150K from IRA to Roth. I paid $35K from Roth to IRS. My rationale monies in IRA are tax free where monies in saving are after taxed. I am not worry about less monies in my IRA account, I can always make it back in my Roth trading account.

I have eMoney for over 10 years. My goal is to set up in NR as a check and balance as we retire this summer. I’m going to go with the $175 for an hour yo be sure it’s set similar to my eMoney portal. My question is where on NR does it show my portfolio investment projected gains based on my assumption on a yearly approximated basis for Cash Flow ? I’m not seeing it ? Also not seeing a way to not factor long term care to match my eMoney platform. Appreciate any help prior to my coaching session !

at what point I should wok on these plans like new age . I am currently 53. I see this is more of 60 years starting point .let me know

I can see the calculated tax savings to be realized by doing the Roth conversions however it appears the “Estate Value Increase” (EVI) might be overstated. How does the NewRetirement software calculate the EVI? Does the software factor in (by reducing) the tax payment from other accounts and the loss of return accumulated in those accounts? I could be wrong but the EVI seems a bit high.

I found your comment when discussing 5% pessimistic assumptions, “gross of inflation” confusing. Do you mean 2.5% inflation and 2.5% real? Or do you mean 2.5% inflation (say) and 5% real returns, for a “pessimistic” 7.5% nominal return average for 25 years?

I tried the free trial. I loved the program. However, I found one disturbing aspect. In the program, when I retired, the program estimated my taxes in the first year of retirement based on my last year of working and deducted that amount from my designated account. Then in the next year when the program realizes that I paid too much tax, it refunded the amount of tax overpaid. I don't understand why the program can't just calculate taxable income by year, and calculate taxes based on that. Based on that, I decided not to pay for the software.

Which is better for Roth conversi9n scenarios?? This one or new retirement. Gotta decide which one I will get. Thanks

Is this better than new retirement? I thought you supported new retirement?

But, you would rather pay tax on the seed and not the harvest, right!

Maybe I'm not setting this up correctly but when selecting 'Withdrawal Stratagy' to 'Spending Needs' the tool doesn't seem to equalize Expenses and Tranfers to zero out. For example, under Cash Flow for year 2030, I have a 16K imbalance. I set up both Bank savings and 401K to make up for that. Under 'Savings Insights' for year 2030, it appears to properly caculate how much from the previous years Bank savings and how much from the 401k needed to make that up. However, I still need to 'Transfer' an additional $5.5K out of the 401K in year 2030 to actually balance out. This was big realization which obviously caused the 401k balance dwindle much faster then the NR "auto" calculations. I want to see a small amount of Bank savings under "Projected Savings Balance" in every single year. This way I know I'm balanced out. In my way of thinking, the tool should transfer out of 401K the exact amount needed to the dollar but I found it doesn't do this, unless something is not set up properly. Any thoughts?

I look at this as a stress test for my plan. I used… 3.8% average inflation (avg 1960-2023), 4% CAGR on investments, 75% of my/wife's projected Social Security Lowballed the value of the house taking the six major companies (Redfin, Zillow, etc.) average value and subtracting $100K. I figure if I have a 93% chance of success with all of that then I'm feeling good in the (unlikely) chance we get full SS, and more likely chance the market does better than 4%. I don't believe for a second the Fed will get long term inflation down to 2% over a 30-year retirement!!!!! I'm warming up to NR but there are a lot of assumptions it makes I don't like the two years of LTC at end of life that NR assumes. I know they stand it but I would like the option to adjust that. Most of my family go pretty quick and only one person in my wife’s family spent any length of time in a nursing home just a few [6?] months.