131–140 of 166 posts
Very cool. Love the tool! Is there an option to invest the savings? It seems like the savings just accumulate as cash?
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I wonder what major changes and developments we might be likely to see within our lifetimes... do you have any intuitions there? If so, I wonder if there might be additional variables or situation types/probabilities that could be interesting to throw into a monte carlo simulation.
2: I might also play around with crash and correction frequencies if you’re not already doing so, which, without thinking deeper about credit cycles, should be fine to simulate based on previously occurring frequencies. It seems like you already have some sort of analog to this with historical performance to begin with, though.
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Localization could be important too, for broader adoption - not just for currency display but (most importantly) the kinds of investments available and tax rates vary a lot. A minor thing is that the 'default' values for % return and inflation are also different in different places
Good point. In addition to customizable income tax brackets, another idea I've been mulling over is a custom investment type with more controls to model a wider variety of investment vehicles. Perhaps I could add more templates as well, and show/hide some based on the localization settings.
Being able to fund both (and then in retirement, set a max annual withdrawal from the tax-deferred account before withdrawing from the tax-free) is to me an important bit of modelling that I couldn’t figure out how to get sorted in 15-20 minutes.
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Hmm, this sounds like the kind of thing that could happen if you have a huge percentage value in an expense or tax input by mistake, or something along those lines that could create an immediate bankruptcy scenario. If you double-check everything though and think there is a more sinister issue at play, I'd be happy to look into it and/or help troubleshoot.
JFYI, maybe it is just me, but in Assets ->House you have: Effective yearly tax rate Yearly maintenance costs Yearly insurance rate I automatically visualize "rate" as a percentage but I see "costs" as being expressed in actual money, so I inserted ( believed to be inserting ) 2,000 Euro in maintenance costs which of course ended up being 2,000% of the asset value. Quickest bankrupt ever! Maybe Yearly Maintenance Rat…
I'm super interested in this, but, every time I try this you end up losing me in the funnel. It takes too long to set everything up and I eventually lose interest and exit.
Do you think it would help if I make a "sandbox mode" where you can skip onboarding and plan creation and jump straight into a scenario pre-configured to model one of several selectable templates / personas? That's something I've been debating about building for a while but haven't had a chance yet.
It'd save on some of the starting questions, but I don't know if that's even possible.
Confused by the assets. It's starting with my current home's value, and decreasing it over time, maybe at the rate that it decreases the debt associated with the asset? But that payment should only be applied to the debt, not the value of the asset.
If you're puzzled by asset value appearing to decrease over time, it's possible this is because values are shown in Today's Dollars, i.e. values are adjusted to account for inflation. If you set the asset to appreciate in value at a higher rate than inflation, you should see the value go up over time.
There are a lot of buttons without labels, please consider adding alt/title/aria attributes at the minimum. The simulation page is a sea of unlabeled buttons.
The cookies popup seems opt out rather than opt in, unless I missed something. I felt annoyed when I visited all the tabs and withdrew permissions that I never gave.
Ah, I see what you mean. The way it works now, if you ignore the banner, things are disabled by default (e.g. Google Analytics). If you click settings from the banner, the switches default to on at that point (and you can toggle them off), but GA doesn't activate unless you confirm that dialog with them on. Does that make sense? Or do you feel it should be implemented differently? I'm definitely open to changing it.
> If you click settings from the banner, the switches default to on at that point
This is annoying; also, not allowed under GDPR. Cookie and privacy consent should be opt in instead of opt out. Clicking “settings” should not be treated as opting in.
If you don't mind asking, how did you come up with the design? It's really slick! I ask because it's always the part I struggle the most in projects.
Thanks! In this case I guess you could say I started out with a design idea in mind first. I wanted a tool that could model my whole life in a single view and re-render changes immediately to encourage quick experimentation. I had an approximate vision in my head for how this would look from the beginning, and once I had a decent MVP together, I spent a lot of time user testing with friends and iterating on various d…
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Ah, I see what you mean. The way it works now, if you ignore the banner, things are disabled by default (e.g. Google Analytics). If you click settings from the banner, the switches default to on at that point (and you can toggle them off), but GA doesn't activate unless you confirm that dialog with them on. Does that make sense? Or do you feel it should be implemented differently? I'm definitely open to changing it.
Thanks the reply and for the details. > If you click settings from the banner, the switches default to on at that point This is annoying; also, not allowed under GDPR. Cookie and privacy consent should be opt in instead of opt out. Clicking “settings” should not be treated as opting in.