Safe Harbour
Recycles dryer sheets
I started out wanting to do a ROTH conversion and stumbled across an excellent thread started by Midpack. In planning a ROTH conversion you need to be able to look at a bunch of scenarios. So, four software packages were discussed in the thread;
1. Optimal Retirement Planner (ORP)(Free)
2. Income Strategy ($20-50/month)
3. PlanVision ($150 first year, $8/month after that includes some consulting)
4. Right Capital (one time $150 sublicense but main license not guaranteed to be renewed each year).
I saw that these softwares could also do things to help manage your portfolio on an ongoing bases, like forecast taxes, monitor rebalancing, direct withdrawals, etc. These are things I have always done in a spreadsheet. But I worry, that as get older I might not be as effective at this and miss something. I also worry that if I can't do this anymore my spouse will not be able to step in. We have been trying to get her educated on what needs to be done and simplify to make it easier. I have even created new simpler spreadsheets, with what I think are clear directions. But I still worry. We used to get a free annual checkup from Vanguard Admiral service. But they are moving to a custodian model (exactly what I moved to Vanguard to get away from).
So I decided to investigate technology solutions. These four seem to be a good place to start. But I would like to know what others are using and think about their solutions. Please share your thoughts on this thread. I think the ROTH thread from Midpack is too complex and focused to be the right place for this discussion.
1. Optimal Retirement Planner (ORP)(Free)
2. Income Strategy ($20-50/month)
3. PlanVision ($150 first year, $8/month after that includes some consulting)
4. Right Capital (one time $150 sublicense but main license not guaranteed to be renewed each year).
I saw that these softwares could also do things to help manage your portfolio on an ongoing bases, like forecast taxes, monitor rebalancing, direct withdrawals, etc. These are things I have always done in a spreadsheet. But I worry, that as get older I might not be as effective at this and miss something. I also worry that if I can't do this anymore my spouse will not be able to step in. We have been trying to get her educated on what needs to be done and simplify to make it easier. I have even created new simpler spreadsheets, with what I think are clear directions. But I still worry. We used to get a free annual checkup from Vanguard Admiral service. But they are moving to a custodian model (exactly what I moved to Vanguard to get away from).
So I decided to investigate technology solutions. These four seem to be a good place to start. But I would like to know what others are using and think about their solutions. Please share your thoughts on this thread. I think the ROTH thread from Midpack is too complex and focused to be the right place for this discussion.
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