Just Imagine Financial Planning Software That Does This

39 Pages Posted: 23 Mar 2022 Last revised: 25 Mar 2022

See all articles by Larry R. Frank Sr

Larry R. Frank Sr

Better Financial Education; Academy of Financial Services; Certified Financial Planner Board (CFP)

Date Written: March 1, 2022


Very little research has been done on strategic financial planning software programming for retirement income planning. Today's approach is to perform a single simulation, calculation, or utility application and assume the results apply to all times and allocations for all future ages. But time periods change with age as do allocation characteristics over time. This paper steps back to look at financial planning software programming as a foundational strategy to model retirement income while aging that same retiree over time, meaning looking at all the possible future time periods as well as all prudent allocations over those possible future time periods. Additionally, research to date has focused on “early stage” retirement meaning the retirement event occurs sometime in the retiree’s age-60’s. In other words, the inception of retirement. Little research has been done looking at the transition into later stage ages or later allocations for portfolio income distributions through “late stage” retirement years. It is not enough to know how to initiate retirement. It is also necessary to know how to sustain retirement spending prudently, as well as how spending decisions ripple through age to future bequest balances. This paper reviews concepts on how to imagine that transition to and through late-stage retirement and develop better software programming using a data cloud concept to accomplish that early-to-late stage retirement income modeling based on research evidence.

Keywords: Financial Markets, Probabilities, Statistical Methods, Financial Services, Personal Economics, Software Programming

JEL Classification: C1, C5, C6, G4, G29, M5

Suggested Citation

Frank Sr, Larry R. and Frank Sr, Larry R., Just Imagine Financial Planning Software That Does This (March 1, 2022). Available at SSRN: https://ssrn.com/abstract=4046315 or http://dx.doi.org/10.2139/ssrn.4046315

Larry R. Frank Sr (Contact Author)

Better Financial Education ( email )

300 Harding Blvd Suite 103D
Roseville, CA 95765
United States
916-303-7777 (Phone)

HOME PAGE: http://www.BetterFinancialEducation.com

Academy of Financial Services

La Crosse, WI 54601
United States

HOME PAGE: http://academyfinancial.org

Certified Financial Planner Board (CFP) ( email )

1700 Broadway
Suite 2100
Denver, CO 80290-2101
United States

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