Let ORP maximize your
Pensions are becoming extinct. We are in the age of self-directed retirement financing. From new hires to retirees, everyone has to face this new reality.
In any problem solving situation the quality of your answer depends on how you phrase the question. From the common starting point of current and planned savings:
#1 asks you to estimate of your annual retirement spending and compute your estate, or lack thereof. The answer is based on a wish; your desired spending.
#2 asks for you to state the size of your intended estate and compute how much money is available for annual spending. This approach is all facts; no wishing.
The Optimal Retirement Planner (ORP) computes the plan that maximizes your annual retirement spending. Before retirement ORP determines which retirement savings account to contribute to. After retirement ORP spreads your saving withdrawals across the entire term of your retirement. The optimal plan:
Conventional retirement calculators compute the unique answer that satisfies the parameters (assumptions) specified by the user. This means that the user has to specify all of these elements. Such calculators solve a single problem with a single solution. ORP, with its linear programming optimizer, treats these elements of the optimal plan as open variables. ORP surveys a solution space of thousand of answers and picks the one with the maximum amount of after-tax money available for spending. The combination of these values show what actions need to be taken by the retiree, and when, to achieve this maximum.
ORP's core is an industrial grade linear programming optimizer. ORP is the only publicly available, retirement calculator of this genre. (There are two other such calculators but you have to be a client of a financial service to use them.) Linear programming is an Operations Research tool that has been used in many industries for the past 50 years.
ORP is available on the Internet free of charge. To compute your retirement spending level please
|ORP is supported by Sundown Software Systems which provides the linear programming model formulation and optimization software. Sundown Software Systems and James S. Welch, Jr. are not engaged in the sale of financial products or services.||Use of the ORP optimizer is free and private. ORP is available for use without warranty of any kind.||We ask that you tell us how you heard of ORP and contribute your opinion about this site by sending an e-mail to firstname.lastname@example.org|
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