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Tbh most of the interesting retirement planning problems are in planning for life events along the way. The advantage of proper modelling solutions like Voyant

by nly 3y ago

Tbh most of the interesting retirement planning problems are in planning for life events along the way. The advantage of proper modelling solutions like Voyant is that you can see your cash flows across your entire life and see what happens long term if you pay down your mortgage by 10% more or 10% less for the next few year, or if you add a change in 5 years time where you start paying £1500/mo for childcare I'm currently slamming my pension for example because I know in the near future, if I have kids or remortgage (due in 3 years), I won't be able to afford to do so (on my current salary)

dom96 3y ago
True. But I would say there is a place for simpler tools too, and that is what I aim to build with this calculator. Plus you can go a long a way to factoring in big life changes even with the simple inputs currently provided. Btw did you misspell Voyuent? I can't find it anywhere.
- nly 3y ago
  Voyant https://www.planwithvoyant.co.uk/content/en_GB/index.html https://www.planwithvoyant.co.uk/content/en_GB/index.html Unfortunately the cheapest sort of access to this product is around £120/yr via an advisor sponsored subscription, but the insights they provide are nothing short of comprehensive I pay it, but it is pricey for something you might want to look at just once or twice a year. A freely accessible alternative is called Timeline (https://www.timeline.co/ https://www.timeline.co/, sign up as an advisor and add yourself as a client), but it's nowhere near as comprehensive at calculating all your tax burdens and optimizing things etc. There's a fair amount of tactics in working over the tax system to achieve better outcomes.
  - bitdivision 3y ago
    I tried signing up to timeline, unfortunately have to pay for a trial in order to see the plan for a client
zparky 3y ago
A tool [0] that has a free tier and was quite fun to play around with was posted a little bit ago, projectionlab. [0]: https://projectionlab.com https://projectionlab.com

by nly 3y ago

dom96 3y ago

True. But I would say there is a place for simpler tools too, and that is what I aim to build with this calculator. Plus you can go a long a way to factoring in big life changes even with the simple inputs currently provided. Btw did you misspell Voyuent? I can't find it anywhere.

nly 3y ago
Voyant https://www.planwithvoyant.co.uk/content/en_GB/index.html https://www.planwithvoyant.co.uk/content/en_GB/index.html Unfortunately the cheapest sort of access to this product is around £120/yr via an advisor sponsored subscription, but the insights they provide are nothing short of comprehensive I pay it, but it is pricey for something you might want to look at just once or twice a year. A freely accessible alternative is called Timeline (https://www.timeline.co/ https://www.timeline.co/, sign up as an advisor and add yourself as a client), but it's nowhere near as comprehensive at calculating all your tax burdens and optimizing things etc. There's a fair amount of tactics in working over the tax system to achieve better outcomes.
- bitdivision 3y ago
  I tried signing up to timeline, unfortunately have to pay for a trial in order to see the plan for a client

zparky 3y ago

A tool [0] that has a free tier and was quite fun to play around with was posted a little bit ago, projectionlab. [0]: https://projectionlab.com https://projectionlab.com