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Financial Planning Software…Smoke and Mirrors
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This episode highlights the shortcomings of one of the most popular benefits touted by the financial services industry: financial planning software. Jeff Harrell shares his experience with how advisors use this tool in practice, as well as how DIY investors can gain access to similar features at a fraction of the cost.
Jeff will arm you with the knowledge of just how useful—or not—these applications could be in your situation. Understanding the sensitivity of the variables and wide range of outcomes they can project will allow you to be better informed when evaluating the output.
The episode concludes with a balanced look at the real value of financial planning software and unbiased recommendations for a couple DIY solutions.
(Season 2 Episode 9)
Resources Mentioned in Episode:
- OnTrajectory – retirement planning software for regular people
- Projection Lab – modern financial & retirement planning tools
Other Episode Mentioned:
Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com
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