Your Base Plan
Once you have input your data, the software will present your Base Plan—a complete lifetime roadmap for your income, spending, savings and life insurance needs.
You can return to this Base Plan at any time to update with new information or expectations, or to see how your plan is impacted when trying to make life-changing decisions—whether to take a new job, when to buy a new home—or everyday decisions like how much to budget for groceries or entertainment.
Minimal, easy online data entry:
- Current and expected earnings
- Account balances for savings, checking, investment, and retirement accounts
- Expected contributions to retirement accounts—your contributions and your employers’ contributions
- Pensions
- Social Security covered earnings and current benefits (if any)
- Primary home expenses (rent, mortgage, condo fees, etc.)
- Other expected major expenses or receipts
Clear, detailed and comprehensive reports:
- Lifetime Balance Sheet showing Projected Lifetime Income and Projected Lifetime Spending
- Annual income
- Annual spending—fixed and discretionary
- Annual suggested savings and withdrawals from non-retirement accounts (stocks, bonds, mutual funds)
- Annual suggested withdrawals from retirement accounts
- Annual cash flow for income for each spouse if married
- Annual household net worth
- Annual taxes – Federal, State and FICA
- Annual Social Security benefits
Adjust and re-run your plan as often as you'd like
Export as PDF or Excel
Your Maximized Plan
Once you’ve created your Base Plan, MaxiFi's optimization engine can analyze thousands of scenarios to find ways to safely raise your annual discretionary spending—potentially increasing it by hundreds of thousands of dollars over your lifetime.
- Finds the best Social Security filing strategy to get the highest benefits for you and your spouse
- Shows a tax efficient Retirement Account withdrawal path
- Shows tax efficient Roth versus non-Roth withdrawals
- Examines the benefit of additional retirement account contributions
- Shows the effects of annuitizing all or part of your retirement accounts
Our Calculations
Based on years of research and fine-tuning, MaxiFi’s Economic Security Computation Engine puts the most powerful, accurate financial planning approach into your hands. Find out what makes our software smarter and better. Our engine makes highly detailed annual Federal and State tax calculations and considers the full range of Social Security benefits.
We allow you control over dozens of settings so you can model different maximum ages, inflation rates, changes to Social Security benefits or tax rates, and many others.
Tax Considerations
- Federal income taxes
- FICA taxes
- State income taxes
- The Alternative Minimum Tax
- Itemization decision
- Tax credits
- Deductions and exemptions
- Capital gains and dividends
- State-specific schedules
- Social Security benefit taxation
- Federal bracket indexation
- Capital gains on home sales
- Municipal bond preference
- Self-employment tax
Social Security Benefits
- Retirement benefits
- Spousal and divorced spousal benefits
- Child-in-care spousal benefits
- Widow(er) and divorced widow(er) benefits
- Mother (father) benefits
- Child and disabled child benefits
- Child survivor benefits
Social Security Rules and Provisions
- New Social Security law grandfathering rules
- Early benefit reductions
- Delayed retirement credits
- Deeming
- The earnings test
- Adjustment of the reduction factor
- Re-computation of benefits
- Family benefit maximum
- Disabled family benefit maximum
- RIB-LIM formula
- Windfall Elimination Provision
- Government Pension Offset
