From festivals to better food, amusement parks are adding features for older adults. Take a look at what's new!

Sort by:
Question I'm looking for Windows software that will help with projections. I know my Social Security and pension at diffferent ages and my income from my IRA. I'd like to try some software that allows me to input these incomes and also expenses and tax assumptions for several decades. Can anyone suggest anything?     Answers Excel.     https://www.mywealthtrace.com/ I used the free version for a year, then became a paid subscriber. Good stuff. Monte Carlo simulations, variable inputs, what-if scenarios, slider bars for instantaneous feedback on changing returns, retirement age, expenses, etc. Feeds from all your accounts if you want. I meet periodically with the fellow that authors the software to go through my plan. I also have the Vanguard and Fidelity planners, and have used T.Rowe Price. I like this more.      In addition to looking at the MyWealth subscription products, I might also look at some Mac products, e.g., Quicken, etc.     (1) I use my own Excel workbooks that I have developed since around 1992. Yes, it's a lot of work. (2) I *also* recommend a free online retirement planner (works for you during retirement, too).This is at www.i-orp.com. This is a retired guy's life's work and it is really strong. It does take some time to understand it, but it is very powerful and will hold its own against anything, paid commercial or otherwise. I am getting concerned about it as I have *just* retired and I'm afraid the author will not be maintaining this for too many more years. Still, it is well worth some serious investigation. The big thing for this software is that it optimizes your retirement draws from SS, tax deferred accounts, taxable accounts, etc., to determine your optimal annual draw from all accounts so you don't run out of dough at the end.   (3) I love the commercial products put out by Professor Kotlikoff from Boston University. Cost is manageable for a single license of any of them. "Maxifi" is similar to i-ORP. (4) i-ORP does not link to your existing financial accounts, nor does Maxifi as far as I know. For this consolidated record keeping there are lots of new "apps" out there such as Mint, etc. For this use I simply use my Excel workbooks (and use a Google Sheet with Google Finance functions to get the daily prices).
View full article
cancel
Showing results for 
Search instead for 
Did you mean: 
Users
Top Contributors
Users Online (1,494)
featured_user featured_user featured_user