Lend Academy Network Forum

General Category => Off Topic => Topic started by: Rob L on July 08, 2020, 12:29:44 PM

Title: Retirement Planning Software VS Retirement Spending Software
Post by: Rob L on July 08, 2020, 12:29:44 PM
In an unusual moment of clarity I realized what is the subject of this thread. It's something of a follow up the the "To What Lengths Do Some Folks Go In Planning Their Income Taxes" thread from last year. In that thread I posted the spreadsheet computation for a single year's decision. The retirement planning software I'd used for many years was no help so I had to do it manually. I was asking the wrong questions of it. The fundamental problem once in retirement is to find the most tax efficient investment/conversion/spending plan given the asset mix acquired leading to retirement. Obvious, but I can be slow on the uptake sometimes.

So, there is software out there that addresses this problem.
For starters, one is widely mentioned and recommended. Its a free browser based program that seems to be an excellent place to start:
https://www.i-orp.com/Inflate/index.html (https://www.i-orp.com/Inflate/index.html)

After finding this it sounded vaguely familiar. "lascott" had recommended it last year in that previous thread (paragraph c). I tried out b) but never tried this one. Duh. Guess I didn't exactly know the right question to ask anyway.
https://forum.lendacademy.com/index.php/topic,18192.msg57790.html#msg57790 (https://forum.lendacademy.com/index.php/topic,18192.msg57790.html#msg57790)

Also I found but know nothing about:
https://incomestrategy.com/ (https://incomestrategy.com/)
https://www.bogleheads.org/forum/viewtopic.php?t=236567 (https://www.bogleheads.org/forum/viewtopic.php?t=236567)

And it's more expensive version for financial advisors:
https://www.incomesolver.com/ (https://www.incomesolver.com/)

There are dozens of similar programs out there.
Now that I think I'm asking the right question, anyone "been there, done that" with a personal favorite?