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So I have a Google Sheet that basically does this and I tested this out and got some similar numbers as my sheet, so some things seem to be working well! This i
by adjkant 5y ago
So I have a Google Sheet that basically does this and I tested this out and got some similar numbers as my sheet, so some things seem to be working well! This is also a great UI!
I was pretty impressed with the depth of detail as well, and one thing this seems to have better tooling for than my manual sheet is for tax treatment and long term tracking there
Two bugs/issues I found:
1. I couldn't tell if inflation was applied in future years at all. Despite selecting an increase in income and inflation matched expenses, neither seemed to be reflected when I selected the future year.
2. Setting 401K by percentage caused lots of issues as it allowed me to go over the IRS limit. I just wanted to set it by amount and be done with it! Would be good to have options to allocate savings like that as well as by percentage.
Honestly, this is really intriguing for me as I've covered a lot of these cases and as a developer I've thought about the UI/UX for this but basically have always thought that the edge cases were so vast that it would be hard to get users while also making sa reasonable UX. Truly, using this changed my mind and this seems like something that could be possible. I'm not sure what your team size is and I have limited time, but I'd be interested in talking and seeing if there's any way to contribute / help here! Feel free to contact me @gmail or via my bio's website contact form if you're at all interested in that!
- joshgel 5y agoAgree the tax calculations are a little bit off. Also, only lets you take the individual standard deduction (12k vs 24k for married filing jointly)
- scubakid 5y agoThanks! For #1 is it possible that you haven't yet factored in that values in the simulation are adjusted to be in today's dollars? i.e. expenses that match inflation exactly would show as the same value each year. For #2, I'd be happy to help troubleshoot if you want to send a message to projectifi.io@gmail.com. There is existing logic that should be capping your 401k contributions at the IRS limit. But if you have a scenario where this isn't behaving correctly, I'll gladly look into it. Thanks for the comments! And currently "team size" is one haha. At the moment I don't have plans to bring on additional staff and deal with the business complications that adds, but I really appreciate the thoughtful commentary and if you'd like to have any more discussion feel free to email any time.