Basic Concepts

Maximizing Your Plan
After establishing your Base Report, you can run the Maximized Plan. This special report maximizes your lifetime spending, potentially by hundreds of thousa...
Wed, 23 Dec, 2020 at 1:44 PM
Two Approaches and Two Purposes to Planning (why be so cautious?)
When building your financial plan, you can choose to build a model that illustrates the range of what might probably happen, or you could build a model to i...
Sat, 25 Sep, 2021 at 10:14 AM
Discretionary Spending
Discretionary spending refers the amount of money left over to spend after taxes and specified off-the-top expenses such as housing, Medicare Part B, contri...
Thu, 25 Jun, 2020 at 2:11 PM
Smoothing Living Standard/Consumption
“Consumption Smoothing” is something we all try to do on a routine basis in our short-term economic lives. If we get paid once a month, we might try to budg...
Fri, 19 Jun, 2020 at 9:40 PM
Cash Constraint
MaxiFi Planner's goal is to show you your smooth, annual, discretionary spending from the current year through to the last year of the model. Discr...
Fri, 19 Jun, 2020 at 9:51 PM
Living Standard vs Discretionary Spending
Per-adult living standard is related to household discretionary spending. Whereas discretionary spending can be said to refer to the household's annual...
Sun, 21 Jun, 2020 at 8:11 AM
Per-Adult Living Standard Math
How does MaxiFi derive the adult equivalents for various combinations of adults and children? Given our defaults that 2 can live as cheaply as 1.6 and that...
Sun, 21 Jun, 2020 at 8:09 AM