Basic Concepts
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
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 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, 8 Dec, 2022 at 7:20 PM
“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...
Mon, 15 May, 2023 at 10:25 AM
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. Discre...
Fri, 19 Jun, 2020 at 9:51 PM
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
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...
Mon, 16 Jan, 2023 at 9:34 AM
Fixed Spending includes the set of expenses you enter like housing, contributions to retirement and special expenses. But it also includes calculated amount...
Thu, 28 Oct, 2021 at 6:37 AM