I’m worried about retirement planning and I want to ensure a comfortable future. I’ve worked hard my entire life and I want to enjoy the fruits of my labor without financial stress. I’m really concerned about whether I’ve saved enough and invested wisely.
New Retirement just keeps improving - more detailed analysis and flexibility in modeling! I have the subscription version and it's worth every penny! Thanks for showing the options Rob!
Thank you Rob. I’m grateful for the time you spend sharing your info with us. It’s high quality educational content and I’m smarter with each one. You’re easy to follow and listen to. Cheers 🤓🍻
Just took over my own portfolio management and found your channel. Great explanations of relevant topics but was hooked once I noticed your office decor. O-H!!!
Thanks for showing this. It's worth the small cost of having the paid version to be able to vary the parameters. A very important aspect of having a complete plan like this is to be able to check it a few times per year and do course corrections when needed to increase or decrease discretionary spending based on market conditions. No plan is a set and forget it deal unless you depend on a paid financial advisor to steer your retirement ship.
OUTSTANDING ... thank you SO MUCH for this video ... i LOVE NewRetirement but was always troubled with their inflation/(SS_cola) assumptions ... i have not seen anyone cover the relationship between the two as clearly as you have ... it bothered me that my approach differed from what i saw from so many different sources, but i went with what i believed to be correct ... and that approach is the same as what you explained ... that relationship has such a profound affect on a 30 year retirement ... i truly will sleep better as a result of this video ... THANK YOU ...
The main thing about New Retirement that I really, really dislike is that is doesn't allow you view the numbers in real (inflation-adjusted) terms. It just seems like such a simple and obvious feature to implement that people have been complaining about for years. Without that, you need to do the mental acrobatics of trying make sense of nominal dollar amounts decades in the future.
Sure wish installable software (on a PC) was still a thing that was being updated and revised. I would like this functionality in my Quicken software. I am against having all information about myself stored 'in the cloud'. So I'll muddle along with my own methods.
Great to see NR avail in Canada one day. Edit: Any Canadians watching assume (much) higher cost for LT care esp for Dementia/Alzheimers. Wait for public ones sadly is 1-2 yrs. Thx Rob.
I don’t feel using the broader historical market returns data is helpful in the seemingly unique predicament we are in with massive debt, inability to ever operate our government without large deficits and the interdependencies we have with a global supply chain. It would be great if the tool allowed a user to control external metrics to strictly limit the field of data used. Various ratios and percentages of economic data. Thanks for your videos.
I have an investment porfolio, Roth IRA 30 percent large cap, 20 percent small cap, 10 percent foreign stocks and 40 percent u.s. treasury. All are index funds. How can i protect my portfolio from inflation?
@RobBerger I’m confused about your SS cost of living adjustment. Shouldn’t the pessimistic percentage be lower than the optimistic? Perhaps I misunderstood.
I agree. The optimistic is that the Gov increases the adjustment as high as possible, while the pessimistic lower value is if the Gov did not increase the adjustment as high. Therefore, it is a sort of inversely related to the inflation optimistic/pessimistic values just above in the user interface for NR.
The pessimistic assumption should be higher since it is based on the overall economic inflation rate. You would get a higher cost of living adjustment if inflation was higher. The way to think about it is that it is more pessimistic to project an economy with 4% inflation than one with 2%. Hope that helps.
The software defaults to a lower pessimistic number out-of-the-box because they are trying to account for things like SS benefit reduction, the SSA doing away with the link to inflation, or an end to COLA in the future. Their help article on this recommends you do reverse it as rickblaine8667 states if you wish to follow the current legislative relationship with general inflation.
Rob, I understand that New Retirement is a sponsor of your show and that is great. I am trying to use just the basic free version and it is in my option it is useless at best. I get that having to upgrade will allow for more features but there is not enough utility in the free version to gauge how good this might be. Are there other websites that you would recommend?
I was not impressed with the free NR, but heard too many people raving about the paid version, so I took the plunge. It's awesome! Two free weeks to give it a test drive.
It would be nice to see calculations based on more realistic retirement savings. $1.25M for a single person at retirement is top 10%. Just a suggestion, great channel.
You can set the amount of your retirement savings within this tool. I think what you are saying is that Rob's demonstration was not applicable to a typical or average single person retiree. However, I think his goal was to show you the big impact of assumptions you may make about inflation and rates of return when planning your retirement. His goal was not to demonstrate what the typical single person retiree is going to experience.
The amount of savings is irrelevant. He’s showing you how to use the tool to make calculations. It doesn’t matter how much savings he’s using to explain it.
It looks like New Retirement has went to locking the Returns input to only subscribers. This almost makes the tool unusable for anyone using the free version. They need revenue to run the business so I don't blame them, I just don't see myself using this tool going forward.
Let’s call a spade a spade . Ohtani probably established house wise in wherever he lives . Remember he probably didn’t want to relocate . The same contract was matched by the giants ! Ok Judge used SF to raise the bar for NY to pay more . Ok it’s already been decided by these two guys . Period let’s stop tripping
NR Commercial is the right decscription for this video. Hope you're going to return to true financial education rather than product pitches. Not a fan of this video.
We should probably keep in mind that Rod is providing guidance on the use of the software, which I would think a good portion of his audience has asked for. Though, I may agree that the title could be adjusted -- think it could be more accurately labeled as "How to use NR to model Inflation"
I’m worried about retirement planning and I want to ensure a comfortable future. I’ve worked hard my entire life and I want to enjoy the fruits of my labor without financial stress. I’m really concerned about whether I’ve saved enough and invested wisely.
I completely understand. Ensuring financial security in retirement is crucial. Have you considered consulting a financial advisor?
Yes I have. But I don’t know who exactly to trust to provide the right advices and guidance for me.
True. I have been in contact with a CFA that specializes in retirement planning. His expertise can help optimize your savings and investments.
Who’s this CFA? And how can I reach out to him?
ERIC PAUL ELMER
New Retirement just keeps improving - more detailed analysis and flexibility in modeling! I have the subscription version and it's worth every penny! Thanks for showing the options Rob!
The Assumptions in any retirement planning tool are always the most critical and confusing part for users. Thanks for covering these in depth for NR.
Thank you Rob. I’m grateful for the time you spend sharing your info with us. It’s high quality educational content and I’m smarter with each one. You’re easy to follow and listen to. Cheers 🤓🍻
Big Fan of New Retirement. Appreciate the added insight into some of the assumption settings 🙂
Just took over my own portfolio management and found your channel. Great explanations of relevant topics but was hooked once I noticed your office decor. O-H!!!
Thanks for showing this. It's worth the small cost of having the paid version to be able to vary the parameters. A very important aspect of having a complete plan like this is to be able to check it a few times per year and do course corrections when needed to increase or decrease discretionary spending based on market conditions. No plan is a set and forget it deal unless you depend on a paid financial advisor to steer your retirement ship.
OUTSTANDING ... thank you SO MUCH for this video ... i LOVE NewRetirement but was always troubled with their inflation/(SS_cola) assumptions ... i have not seen anyone cover the relationship between the two as clearly as you have ... it bothered me that my approach differed from what i saw from so many different sources, but i went with what i believed to be correct ... and that approach is the same as what you explained ... that relationship has such a profound affect on a 30 year retirement ... i truly will sleep better as a result of this video ... THANK YOU ...
The main thing about New Retirement that I really, really dislike is that is doesn't allow you view the numbers in real (inflation-adjusted) terms. It just seems like such a simple and obvious feature to implement that people have been complaining about for years. Without that, you need to do the mental acrobatics of trying make sense of nominal dollar amounts decades in the future.
Thank you Rob, this was very useful, it’s been a NR topic I’ve been struggling with.
My three favorite channels: Rob Berger, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
The internet troll is back.
Excellent info and well presented. I’m glad I found this and will subscribe. Thank you!
More deep dives into NR please Rob.
Sure wish installable software (on a PC) was still a thing that was being updated and revised. I would like this functionality in my Quicken software. I am against having all information about myself stored 'in the cloud'. So I'll muddle along with my own methods.
Great explanation - I got this program and will be plugging in my numbers in my time off next week
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I might consider the New Retirement tool if they had a monthly plan. I can't think of another subscription that makes you commit to a year at a time.
Great to see NR avail in Canada one day. Edit: Any Canadians watching assume (much) higher cost for LT care esp for Dementia/Alzheimers. Wait for public ones sadly is 1-2 yrs. Thx Rob.
I don’t feel using the broader historical market returns data is helpful in the seemingly unique predicament we are in with massive debt, inability to ever operate our government without large deficits and the interdependencies we have with a global supply chain. It would be great if the tool allowed a user to control external metrics to strictly limit the field of data used. Various ratios and percentages of economic data. Thanks for your videos.
can you look into copilot money for budgeting?
When do you plan on going live again? I have an important question I would like to ask you regarding pension buybacks.
I have an investment porfolio, Roth IRA 30 percent large cap, 20 percent small cap, 10 percent foreign stocks and 40 percent u.s. treasury. All are index funds. How can i protect my portfolio from inflation?
@RobBerger I’m confused about your SS cost of living adjustment. Shouldn’t the pessimistic percentage be lower than the optimistic? Perhaps I misunderstood.
I agree. The optimistic is that the Gov increases the adjustment as high as possible, while the pessimistic lower value is if the Gov did not increase the adjustment as high. Therefore, it is a sort of inversely related to the inflation optimistic/pessimistic values just above in the user interface for NR.
This is my question as well. I thought pessimistic meant the lowest amount we can possibly receive, and optimistic meant a really nice increase.
The pessimistic assumption should be higher since it is based on the overall economic inflation rate. You would get a higher cost of living adjustment if inflation was higher. The way to think about it is that it is more pessimistic to project an economy with 4% inflation than one with 2%.
Hope that helps.
@@rickblaine8667 yes, I see what you're saying. I didn't realize that's what they meant. Makes sense. Thanks!
The software defaults to a lower pessimistic number out-of-the-box because they are trying to account for things like SS benefit reduction, the SSA doing away with the link to inflation, or an end to COLA in the future. Their help article on this recommends you do reverse it as rickblaine8667 states if you wish to follow the current legislative relationship with general inflation.
Thank you for this detailed information on using New Retirement. The information provided in the software isn’t as detailed.
Good info but I think a better title would have been How to model inflation in retirement. This was not what I expected.
Rob, I understand that New Retirement is a sponsor of your show and that is great. I am trying to use just the basic free version and it is in my option it is useless at best. I get that having to upgrade will allow for more features but there is not enough utility in the free version to gauge how good this might be. Are there other websites that you would recommend?
I was not impressed with the free NR, but heard too many people raving about the paid version, so I took the plunge. It's awesome! Two free weeks to give it a test drive.
Hi Rob!
It would be nice to see calculations based on more realistic retirement savings. $1.25M for a single person at retirement is top 10%. Just a suggestion, great channel.
You can set the amount of your retirement savings within this tool. I think what you are saying is that Rob's demonstration was not applicable to a typical or average single person retiree. However, I think his goal was to show you the big impact of assumptions you may make about inflation and rates of return when planning your retirement. His goal was not to demonstrate what the typical single person retiree is going to experience.
The amount of savings is irrelevant. He’s showing you how to use the tool to make calculations. It doesn’t matter how much savings he’s using to explain it.
Another new retirement commercial
Yeah, getting old. I bought Projection Lab subscription based on his review video. And now all he talks about is New Retirement.
I just signed up for New Retirement and the free version is garbage. You can't adjust any of the assumption numbers for instance.
It looks like New Retirement has went to locking the Returns input to only subscribers. This almost makes the tool unusable for anyone using the free version. They need revenue to run the business so I don't blame them, I just don't see myself using this tool going forward.
Inflation? VT and Gold.
Let’s call a spade a spade . Ohtani probably established house wise in wherever he lives . Remember he probably didn’t want to relocate . The same contract was matched by the giants ! Ok
Judge used SF to raise the bar for NY to pay more . Ok it’s already been decided by these two guys . Period let’s stop tripping
_How to Manage Inflation During Retirement_
Withdraw 8% and hope for the best 👌👍
NR Commercial is the right decscription for this video. Hope you're going to return to true financial education rather than product pitches. Not a fan of this video.
We should probably keep in mind that Rod is providing guidance on the use of the software, which I would think a good portion of his audience has asked for. Though, I may agree that the title could be adjusted -- think it could be more accurately labeled as "How to use NR to model Inflation"