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Posted by Stubby on September 23, 2006, 12:48 pm
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Vanguard has a comprehensive retirement analyzer. It is free for
account over a certain size. It's yet another Monte Carlo simulation.
Of course, you need to be able to state major expenses and when they
occur. Not to mention estimating how long you will live. So, are you
going to have to pay for a quadruple heart bypass operation or are you
going to have to pay for insurance to hedge against this expense?
I believe the future is too complex to be able to predict in a
meaningful way. But that is just me.
DP wrote:
> Any chance you have a Fidelity IRA or 401(k)? They have online retirement
> planners.
>
>
>>> http://www.forbes.com/free_forbes/2005/0606/092sidebar.html
>> That's a good list, although very simple comparisons. Not too many
>> details to help a person understand the capabilities of each tool. It
>> also doesn't consider J & L Planner (http://www.jlplanner.com/) which
>> shows up on every web search for financial planning software.
>>
>> I'm looking for something that works for a very detailed financial plan
>> that has many changes in income, and expenses in the future. I could pay
>> our financial planner $3k a pop to enter our data into a software tool
>> they use, or buy software for much less and do it myself. I'm not afraid
>> to fork out the $$$ if it's a worthy program. I've found some that cost
>> as much as $850 but all of these products seem to be so elusive that it's
>> hard to know if they are worth their weight or not.
>>
>> If anyone has any experience with any of the programs mentioned, I'd like
>> to hear about your experience.
>>
>> Cheers,
>> Scott
>>
>
>
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