Welcome to the forum!Hi Ben
New poster here.
Delighted to hear this. Thanks!Firstly, a thousand thanks for all your hard work in creating and maintaining - and explaining - this wonderful tool. It's a game-changer, and streets ahead of anything I've ever seen, and I've seen a lot...
Suggestions are always welcome. The planner has benefited a lot from the feedback we have received so far!If I may be so presumptuous in my first post to suggest two slight enhancements, really just to improve the "at a glance" user experience.
Were you interested in the total or average spending across all retirement years?a) perhaps a toggle on the legacy card, to switch to showing the 5/50/95 percentiles of total (lifetime) plan spend instead. [for those whose primary objective is extracting the most money while alive]
Given that the graph shows spending by age, would you still find the total (or average) spending across ages to be useful? For example, if you increase spending tilt, it will push spending towards late retirement, which will cause the total/average spending to rise (because spending in the far future is cheaper—i.e. has lower present value—than the near future.) But that still wouldn't be a good enough reason on its own to increase the spending tilt. Total spending will always be maximized by delaying spending—but it's not the right metric to maximize because spreading spending across ages also matters. Given this, would the total/average spending statistic still be useful? I worry that publishing this statistic would risk being a distraction from the more nuanced decision of choosing the best spending profile across time.
I like the idea of toggle that will display a table with the numbers behind the graph. I've added it to the to-do list.b) perhaps a toggle on the graph card, to switch to showing the 5/50/95 percentiles of yearly spend as a (scrollable) table, rather than a graph. [saves having to repeatedly hover over the graph bars to analyse what change occurs at year x, when plan inputs change]
Thanks again.
Thanks for the suggestions!
Statistics: Posted by Ben Mathew — Fri Aug 30, 2024 6:37 pm