Would love to see some integration of insurance and risk modeling (e.g. techniques to minimize downside risk, healthcare insurance, ACA subsidy interaction, P&C/home insurance, auto insurance risk) included as a feature — that's been incredibly hard for me personally in my own risk spreadsheets! DM me if you are interested in some of the actuarial data on some of these and how I model it...
Show HN: I spent 2 years building a personal finance simulator
21–30 of 294 posts
Re: Show HN: I spent 2 years building a personal finance simulator
#22Earlier quoted context omitted.
Congrats! (or in FIRE parlance, f you haha) Curious what you feel is missing for modeling military pensions. Have you checked out the configuration options for Custom income streams, the Advanced change-over-time editor, and/or binding the start/end of things to milestones?
Nope, I completely missed where you put them. I've always considered them as an asset, as it were, not a fixed income stream. That's my mistake, and I found where you put them. It just wasn't where I expected!
No worries, if there's anything else you run into trouble modeling, feel free to reach out any time.
Re: Show HN: I spent 2 years building a personal finance simulator
#23Immediate feedback on the initial sandbox flow (UK perspective) - there's no reason 'mid-career UK' should be a defined benefit pension (or not) and 'early career UK' defined contribution (I assume? Since it doesn't say?). Could also be a mix, bit more likely in the case of mid-career. DB vs DC is just a function of where you work, these days the former is mostly public sector only (too many private companies with DB pensions blew up and wiped out/raised a lot of questions for their DB pensions).
Re: Show HN: I spent 2 years building a personal finance simulator
#24Excited to see the self-hosting option!
I’ve been distracted from personal finance stuff for a minute but am circling back to it now that some life stuff has settled out. If this planning cycle works well, I’m planning to buy the lifetime program and start self hosting.
Thanks for all your work on this!
Re: Show HN: I spent 2 years building a personal finance simulator
#25Earlier quoted context omitted.
Nope, I completely missed where you put them. I've always considered them as an asset, as it were, not a fixed income stream. That's my mistake, and I found where you put them. It just wasn't where I expected!
No worries, if there's anything else you run into trouble modeling, feel free to reach out any time.
I was able to recreate my spreadsheet (in a much more pleasing UI!) in a few minutes here.
I think I'm going to be recommending your tool to the Veteran's I help advise.
Awesome work here. I really mean that.
Re: Show HN: I spent 2 years building a personal finance simulator
#26It would be really nice to be able to set my "Cash Flow Priorities" to max out, or put some other dollar amount in a 401k rather than specifying a percentage of my income.
EDIT: Ah I now see that I can do this, it was just sorta hard to discover at the bottom of the form.
Re: Show HN: I spent 2 years building a personal finance simulator
#27Excited to see the self-hosting option! I’ve been distracted from personal finance stuff for a minute but am circling back to it now that some life stuff has settled out. If this planning cycle works well, I’m planning to buy the lifetime program and start self hosting. Thanks for all your work on this!
Glad to hear it! I've put about two and a half years of blood, sweat, and tears into building PL at this point, and that kind of feedback means a lot :)
If you run into any trouble modeling things, feel free to reach out any time.
Re: Show HN: I spent 2 years building a personal finance simulator
#28It would be really nice to be able to set my "Cash Flow Priorities" to max out, or put some other dollar amount in a 401k rather than specifying a percentage of my income. EDIT: Ah I now see that I can do this, it was just sorta hard to discover at the bottom of the form.
If you click the "more options" ellipsis next to the Your Contribution input, you can switch it to an amount in today's currency or actual currency if you prefer.
Re: Show HN: I spent 2 years building a personal finance simulator
#29Immediate feedback on the initial sandbox flow (UK perspective) - there's no reason 'mid-career UK' should be a defined benefit pension (or not) and 'early career UK' defined contribution (I assume? Since it doesn't say?). Could also be a mix, bit more likely in the case of mid-career. DB vs DC is just a function of where you work, these days the former is mostly public sector only (too many private companies with DB…
Would you prefer to see those sandbox examples configured differently? Or would you rather see a different and more nuanced kind of sandbox system where it asks you some questions first and constructs an example based on your responses?
Oh and to answer your question on DB vs DC -- if you're talking about the workplace pension cash-flow priority, that would be for modeling Defined Contribution pensions. For DB, that's an integrated section within the corresponding income stream.
Re: Show HN: I spent 2 years building a personal finance simulator
#30Earlier quoted context omitted.
No worries, if there's anything else you run into trouble modeling, feel free to reach out any time.
I was able to recreate my spreadsheet (in a much more pleasing UI!) in a few minutes here. I think I'm going to be recommending your tool to the Veteran's I help advise. Awesome work here. I really mean that.
Thanks so much! It's a real passion project of mine :)