Thank you Dana for this detailed information and for patiently answering all the questions, even the redundant ones. I've read your book and this filled in some of the gaps for me - especially regarding the 'bond ladder' concept. Thanks also to Nancy for carefully articulating the many questions and keeping the webinar moving along smoothly.
Thank you for the great information! . Please note that this time the screen being shared was smaller than usual and a bit blurry, making it difficult to follow what you were trying to describe. Previous webinars it was much larger so it seems that something changed.
Hey Sensible Money, your video is full of useful information and I can see a lot of potential in your channel but there are a few areas where some tweaks could really help your channel grow even faster. 1. Enhance the video editing for a smoother viewing experience. 2. Strengthen channel content with better ideas. 3. Improve discoverability through strategic measures. 4. Increase audience retention rate for sustained viewership. Lets talk!
Note - our fundeness calculation shown in this webinar is using a 29-year time horizon. On a different slide, we show a calculated minimum required return of .38% - this was inadvertently calculated on a 21-year time horizon. If the minimum return had been calculated based on 29 years, it would have been approximately 2.82%. Thank you to an external financial planner for backing into these numbers and asking about the discrepancy he was coming up with!
We haven't put any plans through it lately - but overall, their tool is fabulous and likely the paid version has additional functionality that may be useful.
To calculate the taxes on the withdrawal amounts from the taxable brokerage account, do you use the details on what assets/funds you sell each year bases on their bases, or do you just use the average overall basis on that account?
We use an estimate based on the composition of the holdings - so generally there are dividends, qualified dividends, taxable interest, sometimes municipal bond interest, gain distributions from mutual funds (but less gain distribution from ETFs) and then actual realized gains if we sell something. For this particular webinar sample, we assumed in year 1, there was $4,588 of ordinary interest and dividends, $6,423 of qualified dividends, and long-term capital gains. But for real clients, it is adjusted based on their portfolio composition and an estimate of what and how much realized gains there may be in the current year - and much looser estimates for future years.
Thank you Dana for this detailed information and for patiently answering all the questions, even the redundant ones. I've read your book and this filled in some of the gaps for me - especially regarding the 'bond ladder' concept. Thanks also to Nancy for carefully articulating the many questions and keeping the webinar moving along smoothly.
Thank you for the great information! . Please note that this time the screen being shared was smaller than usual and a bit blurry, making it difficult to follow what you were trying to describe. Previous webinars it was much larger so it seems that something changed.
Do you sell access to your modeling software?
Hey Sensible Money, your video is full of useful information and I can see a lot of potential in your channel but there are a few areas where some tweaks could really help your channel grow even faster.
1. Enhance the video editing for a smoother viewing experience.
2. Strengthen channel content with better ideas.
3. Improve discoverability through strategic measures.
4. Increase audience retention rate for sustained viewership.
Lets talk!
Note - our fundeness calculation shown in this webinar is using a 29-year time horizon. On a different slide, we show a calculated minimum required return of .38% - this was inadvertently calculated on a 21-year time horizon. If the minimum return had been calculated based on 29 years, it would have been approximately 2.82%. Thank you to an external financial planner for backing into these numbers and asking about the discrepancy he was coming up with!
What are your thoughts on the paid version of New Retirement planner?
We haven't put any plans through it lately - but overall, their tool is fabulous and likely the paid version has additional functionality that may be useful.
To calculate the taxes on the withdrawal amounts from the taxable brokerage account, do you use the details on what assets/funds you sell each year bases on their bases, or do you just use the average overall basis on that account?
We use an estimate based on the composition of the holdings - so generally there are dividends, qualified dividends, taxable interest, sometimes municipal bond interest, gain distributions from mutual funds (but less gain distribution from ETFs) and then actual realized gains if we sell something. For this particular webinar sample, we assumed in year 1, there was $4,588 of ordinary interest and dividends, $6,423 of qualified dividends, and long-term capital gains. But for real clients, it is adjusted based on their portfolio composition and an estimate of what and how much realized gains there may be in the current year - and much looser estimates for future years.
Thank you, and thanks again for the very informative webinars!