
Flexible Retirement Planner
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| Fact | Flexible Retirement Planner | MaxiFi |
|---|---|---|
| Company headquarters | The license identifies Random Walk Ventures LLC as operating from New Hampshire, United States. | LinkedIn lists Economic Security Planning, Inc. in Providence, Rhode Island. |
| Documentation depth | The site provides documentation pages covering overview, inputs, spending policies, additional inputs, settings, outputs, sensitivity analysis, source code, and further reading. | The support center contains user-manual articles, quick-start guides, videos, report explanations, screen guides, glossaries and troubleshooting topics. |
| Founded | 2006 | 1993 |
| Founder | Jim Richmond is identified as founder and president of Random Walk Ventures LLC. | Laurence Kotlikoff says he founded Economic Security Planning, Inc. in 1993 and serves as CEO. |
| Purpose | The planner uses Monte Carlo simulation to model retirement outcomes and reports a probability of success. | MaxiFi creates a lifetime financial plan and calculates sustainable annual spending based on income, assets, taxes, Social Security, and other inputs. |
It suits individuals planning retirement who want to model scenarios for personal educational use. Educators and trainers may also use it for educational purposes.
It suits people weighing financial choices across career, housing, and retirement stages. It may be useful to those who want to compare scenarios and project taxes, benefits, and spending.