Very comprehensive
Covers stuff other planners don’t. Also the developer is very responsive; I sent him a suggestion and he responded within hours.
Powerful
One of the most advanced Monte Carlo sims ive used.
Winner winner
Originally explored a competing product called Retirement Success Graph which is a bug-riddled, money-scamming mess. THIS ONE however is the REAL DEAL. I hope the dev keeps it rolling and keeps promises to early adopters. I chose it primarily for its apparent commitment to user data privacy, no 3rd party data shares and a stated commitment to not sell, share or rent user inputs. That said, this app is a truly solid start on retirement planning. Chock full of features (that actually work!) and flexibility in functioning. Can add extra income streams, customize anticipated market conditions, and fine tune Monte Carlos. And
A lot more. A DEF “GET IT NOW” app and an invaluable intellectual and number-crunching investment in the future. Free at the moment (and supposedly guaranteed for early users!) but well worth a small price tag as-is and if developed more.
A lot more. A DEF “GET IT NOW” app and an invaluable intellectual and number-crunching investment in the future. Free at the moment (and supposedly guaranteed for early users!) but well worth a small price tag as-is and if developed more.
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95%
This app fills a gap left by many calculators. Demonstrates the impact of many planning decisions in clear way. You can learn strategies available to you by playing around and comparing scenarios. Don’t know whether to covert to Roth or when to start, just run a comparison. Want to know if moving to smaller home can help, run a comparison.
It includes models of things that are enormously difficult to estimate like home insurance costs, property taxes, medical bills, Medicare income penalties.
New features are being added very rapidly without sacrificing app stability. This is clearly well developed software.
It would be even better with:
1. 401k multiple matching levels.
2 HSA, spending strategies: pay medical expense first, or use medical receipt banking to create a tax advantaged emergency fund.
3 Finer granularity on how excess money gets invested. Do I up my my 401k? Roth or pre tax? And so on. Can I save cash until HSA + cash = minimum emergency value, or just cash, and then do Roth conversions?
4. A little more clarity on fenceposts. Does retire at 60 mean I work till my 61st birthday or I work till my 60th birthday? If I have an expense that occurs when I retire, should I say it occurs when I am 60 or 61. This matters a lot. What you do the year you retire has outsized impact on everything downstream from healthcare costs taxes, sequence of return risks, and total retirement expenditure. As is, it is easy to have where numbers in cash flow during this transition year. Also, some events or spending boundaries move with retirement age and some are fixed. Some you can set the behavior. Some you can’t. This makes the impact of changing retirement age difficult to interpret.
It includes models of things that are enormously difficult to estimate like home insurance costs, property taxes, medical bills, Medicare income penalties.
New features are being added very rapidly without sacrificing app stability. This is clearly well developed software.
It would be even better with:
1. 401k multiple matching levels.
2 HSA, spending strategies: pay medical expense first, or use medical receipt banking to create a tax advantaged emergency fund.
3 Finer granularity on how excess money gets invested. Do I up my my 401k? Roth or pre tax? And so on. Can I save cash until HSA + cash = minimum emergency value, or just cash, and then do Roth conversions?
4. A little more clarity on fenceposts. Does retire at 60 mean I work till my 61st birthday or I work till my 60th birthday? If I have an expense that occurs when I retire, should I say it occurs when I am 60 or 61. This matters a lot. What you do the year you retire has outsized impact on everything downstream from healthcare costs taxes, sequence of return risks, and total retirement expenditure. As is, it is easy to have where numbers in cash flow during this transition year. Also, some events or spending boundaries move with retirement age and some are fixed. Some you can set the behavior. Some you can’t. This makes the impact of changing retirement age difficult to interpret.
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Response from developer
Wow thank you for the detailed feedback. Got lucky that I was nearing the next big release and I was able to fit in critical items from this list (including delete buttons in addition to swipe to deletes that I had before). New version is live, please update!
95%
This app fills a gap left by many calculators. Demonstrates the impact of many planning decisions in clear way. You can learn strategies available to you by playing around and comparing scenarios. Don’t know whether to covert to Roth or when to start, just run a comparison. Want to know if moving to smaller home can help, run a comparison.
It includes models of things that are enormously difficult to estimate like home insurance costs, property taxes, medical bills, Medicare income penalties.
It crashes when I try to delete a life event.
It would be even better with:
1. 401k multiple matching levels.
2 HSA, spending strategies: pay medical expense first, or use medical receipt banking to create a tax advantaged emergency fund..
3 Finer granularity on how excess money gets invested. Do I up my my 401k? Roth or pre tax? And so on. Can I save cash until HSA + cash = minimum emergency value, or just cash, and then do Roth conversions?
It includes models of things that are enormously difficult to estimate like home insurance costs, property taxes, medical bills, Medicare income penalties.
It crashes when I try to delete a life event.
It would be even better with:
1. 401k multiple matching levels.
2 HSA, spending strategies: pay medical expense first, or use medical receipt banking to create a tax advantaged emergency fund..
3 Finer granularity on how excess money gets invested. Do I up my my 401k? Roth or pre tax? And so on. Can I save cash until HSA + cash = minimum emergency value, or just cash, and then do Roth conversions?
Show more
Response from developer
Wow thank you for the detailed feedback. Got lucky that I was nearing the next big release and I was able to fit in critical items from this list (including delete buttons in addition to swipe to deletes that I had before). New version is live, please update!
Very helpful!
Very useful for scenario planning and understanding how different changes can impact what finances look like later on.
Awesome app - recommend!
Just tried this new app, it’s a surprisingly realistic projection of my finances. Will be recommending to my friends.
