I'm doing this, too. If you look closely at the documentation (e.g., fact sheet), Fidelity tries to get your shares back before the ex-dividend date if it's in a taxable account. If they don't, they track that and once per year they give you an extra 27% of what would have been qualified dividends, to compensate for the increased taxes.
We had a jetted tub we didn’t use much because the water would cool off and we were always adding more hot. When we did a renovation last year, we got a tub with jets and an inline water heater (kicks in when the jets are on). It required another circuit be added, but it’s amazing how nice it is to turn on the jets and the water just stays warm. We use it a lot more now. There are also models that don’t have jets but have a heater added with low-volume water pump to keep the water warm.
Boldin has “Boldin Advisors” as their top-tier service and they have a free exploratory session. I don’t use them, but I am aware of them. Since you’ve already put the data in their system, it would seem natural to at least do the free session before looking elsewhere. Other advisors are going to want to use their own system that they are familiar with.
There is a checkbox near the top “Certain situations require additional input”. Did you check that? There is an option to indicate you are still working.
This really depends the person. If you don’t know your budget, you can’t figure out what income you need. In your case, it was easy (as you noted). You had no specific plans to change location or lifestyle, and you were very happy with your lifestyle, so your egg was obviously at or below what your working chicken was. Therefore, replacing current income was reasonably prudent. Other people will have other goals (e.g., living on the beach in Mexico, or moving to another part of the country), so starting with the retirement budget helps them figure out how much is “enough”. If someone doesn’t have a pension and started saving late, there might be no way they can replace 100% of their current income, so knowing what their “egg” is will be very important. In our case, my wife only puts up with the climate here (northern US) because I like my job, so moving for retirement is in the cards. Some areas we’re looking at are more expensive, so getting a handle on our budget is very useful for helping to figure out if a certain area is within reach right now, or if we have to hope our investment do really well.
Comments
I'm doing this, too. If you look closely at the documentation (e.g., fact sheet), Fidelity tries to get your shares back before the ex-dividend date if it's in a taxable account. If they don't, they track that and once per year they give you an extra 27% of what would have been qualified dividends, to compensate for the increased taxes.
Post: Free Lunch?
Link to comment from August 16, 2025
We had a jetted tub we didn’t use much because the water would cool off and we were always adding more hot. When we did a renovation last year, we got a tub with jets and an inline water heater (kicks in when the jets are on). It required another circuit be added, but it’s amazing how nice it is to turn on the jets and the water just stays warm. We use it a lot more now. There are also models that don’t have jets but have a heater added with low-volume water pump to keep the water warm.
Post: Replacing the Replacement
Link to comment from March 9, 2025
Boldin has “Boldin Advisors” as their top-tier service and they have a free exploratory session. I don’t use them, but I am aware of them. Since you’ve already put the data in their system, it would seem natural to at least do the free session before looking elsewhere. Other advisors are going to want to use their own system that they are familiar with.
Post: Finding a flat-fee financial advisor
Link to comment from October 26, 2024
There is a checkbox near the top “Certain situations require additional input”. Did you check that? There is an option to indicate you are still working.
Post: Missing That Paycheck
Link to comment from April 27, 2024
This really depends the person. If you don’t know your budget, you can’t figure out what income you need. In your case, it was easy (as you noted). You had no specific plans to change location or lifestyle, and you were very happy with your lifestyle, so your egg was obviously at or below what your working chicken was. Therefore, replacing current income was reasonably prudent. Other people will have other goals (e.g., living on the beach in Mexico, or moving to another part of the country), so starting with the retirement budget helps them figure out how much is “enough”. If someone doesn’t have a pension and started saving late, there might be no way they can replace 100% of their current income, so knowing what their “egg” is will be very important. In our case, my wife only puts up with the climate here (northern US) because I like my job, so moving for retirement is in the cards. Some areas we’re looking at are more expensive, so getting a handle on our budget is very useful for helping to figure out if a certain area is within reach right now, or if we have to hope our investment do really well.
Post: Chicken or the Egg?
Link to comment from May 22, 2021