Reply to 40 years Old Financial Calculators Fail Us Thread For Good Savers

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[quote=Anonymous][quote=Anonymous][quote]Dude, if you have that much money, go to a financial advisor and ask the question instead of playing around with online calculators and posting here.

The fact that I don't go to a financial advisor is specifically one of the reasons why I have saved well. I don't need some moron telling me that I need to buy the hot new load fund. On this website all I lose is some time and I act as my own filter.[/quote]

Um, as someone who actually has a financial advisor, that is not at all what one does for you.  I suspect your real reason for posting was to either brag or create controversy.  [/quote]

Ok please enlighten me as to what your financial advisor does to help you?    Let me take a guess asset allocation...which based on my age (110-40)  is 70 percent stock 30 percent bonds.  Within the 70 percent, 70 percent large cap, 20 midcap , and 10 small cap/ international.  If he's using calculators for college/ retirement , they are probably not too different from what I can get online.  How does he charge you?  1 percent fee on 1.6 million is 16k per year. Seriously look at your statements and see how many loaded funds you are in.

I realize that the online calculators are oversimplified and wanted to talk this out on this forum which is what this forum is for discussing things related to money finances.  I know I could create a schedule myself too estimating earnings and interest.  [/quote]

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