6:12 Rob…. In Boldin, what are you setting as projected returns? I’m struggling with keeping biases and worry out of my set points. I’m 59 with 1.2 million trying to figure out when I can retire. I subscribed to Boldin, and it’s so easy to manipulate it to get the outcome that fits my biases
I have a piece of paper torn from a notebook in my desk drawer. I have been retired for 4 years at age 65. It has four columns in it that I update on Jan 1 every year. Column on total investments at Vanguard. Column two total investments at Schwab. Column 3 total. Colum 4 amount I used to buy a QLAC that starts paying at age 80. I plan to buy a second smaller to pay out at age 85. If the total figures are greater than before I am fine. If lower I know I should look harder at spending. I withdraw 2 percent so that so far I am higher than 4 years ago.
I learnt about Boldin from you. I have fidelity retirement planner tool for free as I have account with them. Can you do a compare please? I have read doughroller a decade or so ago! Loved it back then, just discovered your TH-cam and book etc.
Fidelity tool is eMoney I believe. If you use a Fidelity advisor I think it’s fine, but Boldin is geared towards the solo self-invested better. The reports on your end are much more extensive and detailed in Boldin.
@@davidmclifton1 thanks. Emoney is like credit karma/mint etc. but they also have a retirement planner tool which does the same thing like boldin takes expenses, account balances, retirement age and does predictions on possibilities of successful retirement, corpus size etc.
@@davidmclifton1isn’t fidelity’s pretty simple, not providing as many features as boldin does? I have fidelity too but checking if I should get boldin too.
@@_mikishi_I feel so - it really is more of just a “am I saving enough” check, I think if you want to really plan out retirement you need something more.
Thanks, Rob. I'm currently questioning the wisdom of continuing to hold so much in TSP since you can't withdraw from a specific fund. I'm thinking I should just transfer anything for a bond or money market fund over to a traditional Roth and then leave 100% of TSP holdings in equities that I don't plan to spend in the next few years. Would love for you to have an interview with a person knowledgeable about TSP.
One strategy I've heard mentioned is to take a distribution from TSP, which as you know would be pro rata across all funds, then promptly rebalance in a way that reduces the fund you are targeting for withdrawal and restores the other funds to what they were before the distribution. There would be a small delay with this approach but seems that would usually be a minor issue. I'd love to hear Rob's take on this.
@ I’ve heard to do that. With market fluctuations being significant some days and not on others, I really don’t like the approach, but I know it’s the best that can be done right now.
I hear you. I decided to move a portion into an IRA for Roth conversions and in case I need to start drawing from pre-tax. Hopefully this is a change in the works. I saw that we'll be able to do Roth conversions in TSP starting in 2026, so nice to see some progress towards modernization.
@@PWalsh-e5p I'm thinking about when I want to do that and how much. I'm planning to either spend or convert to Roth some of TSP to fill up a tax bracket. It will detour to a Vanguard IRA account first. Maybe I should go ahead and move it.
I'm confused on the RMD question. To my understanding people born in 1960 and later have their RMD age set to 75. So wouldn't the first possible year be 2035? Not 2033?
@rob_berger thank you for another informative session. I heard you briefly mention that you keep your Fidelity CMA funds in a municipal bond fund vs. the core cash account or Money Market fund such as FZDXX. Mind telling us which muni you like? Thank you.
6:12 Rob…. In Boldin, what are you setting as projected returns? I’m struggling with keeping biases and worry out of my set points. I’m 59 with 1.2 million trying to figure out when I can retire. I subscribed to Boldin, and it’s so easy to manipulate it to get the outcome that fits my biases
Have you done a video on what you include in the Blue Book? I do something similar.
I have a piece of paper torn from a notebook in my desk drawer. I have been retired for 4 years at age 65. It has four columns in it that I update on Jan 1 every year. Column on total investments at Vanguard. Column two total investments at Schwab. Column 3 total. Colum 4 amount I used to buy a QLAC that starts paying at age 80. I plan to buy a second smaller to pay out at age 85. If the total figures are greater than before I am fine. If lower I know I should look harder at spending. I withdraw 2 percent so that so far I am higher than 4 years ago.
Connecting my financial accounts to anything is Anxiety inducing. Read the fine print, they all shed accountability
Most of the products do not require you to link. If you have concerns you can just add them and update them manually. That's what I did with Boldin
I learnt about Boldin from you. I have fidelity retirement planner tool for free as I have account with them. Can you do a compare please?
I have read doughroller a decade or so ago! Loved it back then, just discovered your TH-cam and book etc.
Fidelity tool is eMoney I believe. If you use a Fidelity advisor I think it’s fine, but Boldin is geared towards the solo self-invested better. The reports on your end are much more extensive and detailed in Boldin.
@@davidmclifton1 thanks. Emoney is like credit karma/mint etc. but they also have a retirement planner tool which does the same thing like boldin takes expenses, account balances, retirement age and does predictions on possibilities of successful retirement, corpus size etc.
@@davidmclifton1isn’t fidelity’s pretty simple, not providing as many features as boldin does? I have fidelity too but checking if I should get boldin too.
@@_mikishi_I feel so - it really is more of just a “am I saving enough” check, I think if you want to really plan out retirement you need something more.
Thanks, Rob. I'm currently questioning the wisdom of continuing to hold so much in TSP since you can't withdraw from a specific fund. I'm thinking I should just transfer anything for a bond or money market fund over to a traditional Roth and then leave 100% of TSP holdings in equities that I don't plan to spend in the next few years. Would love for you to have an interview with a person knowledgeable about TSP.
One strategy I've heard mentioned is to take a distribution from TSP, which as you know would be pro rata across all funds, then promptly rebalance in a way that reduces the fund you are targeting for withdrawal and restores the other funds to what they were before the distribution. There would be a small delay with this approach but seems that would usually be a minor issue. I'd love to hear Rob's take on this.
@ I’ve heard to do that. With market fluctuations being significant some days and not on others, I really don’t like the approach, but I know it’s the best that can be done right now.
I hear you. I decided to move a portion into an IRA for Roth conversions and in case I need to start drawing from pre-tax. Hopefully this is a change in the works. I saw that we'll be able to do Roth conversions in TSP starting in 2026, so nice to see some progress towards modernization.
@@PWalsh-e5p I'm thinking about when I want to do that and how much. I'm planning to either spend or convert to Roth some of TSP to fill up a tax bracket. It will detour to a Vanguard IRA account first. Maybe I should go ahead and move it.
Check out the White Coat Investor. Jim is a vet and still has some money in his TSP-I think all in the G fund.
Possible title: "you've saved it, now enjoy it"
I'm confused on the RMD question. To my understanding people born in 1960 and later have their RMD age set to 75. So wouldn't the first possible year be 2035? Not 2033?
I thought the same thing
No tax on SS in Australia, but receiving social security is means tested - it’s for people that need it, not Warren Buffet types.
The buckeyes play organ?
Oregon, University of
41-21
Having a good investment scheme builds confidence
G fund guaranteed to not lose money.
O-H!
@rob_berger thank you for another informative session. I heard you briefly mention that you keep your Fidelity CMA funds in a municipal bond fund vs. the core cash account or Money Market fund such as FZDXX. Mind telling us which muni you like? Thank you.
GnuCash?