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Author: ItsGoingUp Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75793  
Subject: Re: Allocation Advice Date: 10/23/2013 10:19 PM
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buzman wrote:
Which is why having retirement projection done professionally is important.

What is a "professional" going to tell me about allocation and withdrawal rates that I won't learn from playing around with this?

http://www.firecalc.com

And with this I can play around some more when things change in some unexpected way. Much better than some guy I have to keep going back to, and who I have to worry is suggesting I do things to help him rather than me.

One interesting and unexpected thing I learned playing with that is about taking social security. So the basic options are at age 62, 65ish, or 70. I assumed that if you figure you'll live a long time (plan for 95ish) that it's best to postpone taking it until age 70. But I ran FIRECalc with my SS draw numbers and my current assets filled in and had it tell me how much I could withdraw from my retirement funds safely (meaning I would never run out of money over 40 years) per year. It surprised me that the number was a couple of thousand dollars bigger for the early SS payment than the middle one, and that was a couple of thousand bigger than the late one.

It doesn't expose the internals of its calculations so I don't know exactly why there's this difference, but there it is.

-IGU-
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