The New York Times Business section on April 3, 2021, had an article in the "Your Money Advisor" column by Ann Carrns titled "Pandemic Spurs Interest in Teaching Financial Literacy". Reading this article made me think that my program could be helpful. It's a work in progress at the moment.
I'm converting my legacy Windows program into a web app that can work with modern browsers using a mouse or touch screen on desktops, notebooks, tablets, or smart phones. The new program is named MoneyPlan and it helps you organize and manage your financial planning.
Organize And Manage Your Plans.
Your financial data is shown in easily understood diagrams and tables. Assets such as bank accounts, IRAs, and insurance policies are easily defined and modified. You can quickly change assumed tax rates, inflation rates, and rates of return. You also create transaction instructions such as deposits or transfers which are used during a MoneyPlan calculation run.
Tree View Of Your Assets & Planned Transactions.
By varying your assumptions of parameters such as tax rates, inflation rates, rates of return, and legal arrangements such as trusts, you can use MoneyPlan to visualize and understand the year by year cash flow of different financial planning strategies.
Simulated Asset Performance.
You define your financial assets and your plans for managing them over the life of your plan. Then run MoneyPlan to simulate the results.
Yearly Cash Flow in Charts & Tables
Current Status
There's still work to be done. A prototype demonstrating the current state can be seen at MoneyPlan.guru.
The legacy program is RetirementForecaster.
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