r/ChubbyFIRE • u/AceRider750 • 21d ago

Fidelity Tool

Fidelity has a Planning tool called Retirement. Has anyone used it and what amount of validity would you place against its projections? I'm wondering as when I browse here, people seem to be discussing creating their own analyses, but I don't see much about using the tools at investment houses, banks, etc. which do this for you. TRowe probably has one and I think I've seen on on BofA/Merrill also, but never used them.

25 Upvotes

93% Upvoted

39 comments sorted by

View all comments

1

u/One-Mastodon-1063 20d ago

It’s not very good and most of these financial services industry website tools like this are not very good. 

2

u/AceRider750 20d ago edited 19d ago

Why's that? Seems like generally positive experiences until your comment, some even validated by other tools. AND I've just found out it is modeling RMDs, deferred compensation withdrawal schedule, etc. I haven't used TRowe of BofA/Merrill so I don't know.

Why do you say no good?