Maxifi is retirement planning software designed by Boston University professor Larry Kotlikoff. I've spent several days trying out the software, and this video is my review of the tool.

There are several things I like about the tool. Data entry is easy. It doesn't require input of detailed investments or even a budget. Beyond housing, it asks for no spending details. Instead, it provides you with how much the tool calculates you can spend each year in retirement.

Its social security tool is also robust. For example, you can upload your earnings history from SSA, which the tool uses to calculate your best claiming strategy.

That said, Maxifi is not a tool I can recommend or plan to use. Its spending calculations do not account for the sequence of returns risk. It uses very conservative default settings, without explaining the consequences of these assumptions. And I found the tool overall not very transparent when it comes to understanding how the calculations were performed or how the various assumptions affect the results.

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Tonight we'll start by discussing what makes up a comprehensive retirement withdrawal strategy. Then we'll discuss your questions.

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The CBO released a report estimating that under current law, Social Security benefits will be cut by 23% in 2034. For those who can claim Social Security between then and now, the potential cut raises an important question. How should the potential cuts affect when you claim social security?

In this video we use the free tool Open Social Security to answer this question.

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We'll start by discussing what's called the SEC Yield of a bond fund. Then we'll turn to your questions.

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For those considering moving their TSP investments to an IRA, here are mutual funds and ETFs that mirror the C Fund, S Fund, I Fund and F Fund of the Thrift Savings Plan. We also look at the G Fund, which doesn't have an alternative.

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The Vanguard Dynamic Spending Rule is one of several retirement withdrawal strategies that use the guardrails concept. The idea, in theory, is to generate a spending plan that has some of the annual spending consistency of the 4% Rule, while at the same time remaining sensitive to market fluctuations.

I'll walk through how the rule works, its pros and cons, and a free tool that will enable you to test the Vanguard Dynamic Spending Rule for yourself.

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Warren Buffett just released his annual letter to shareholders of Berkshire Hathaway. Here 7 powerful lessons every investor can learn from the Oracle of Omaha's letter.

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We'll begin tonight discussing the upcoming battle over the debt ceiling, and how our nation's debt and interest payments may affect a retiree's future. Then I'll turn to your questions.

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Here are 8 action items I review at the end of each year. They help me make sure I'm not missing anything for 2022, and they prepare me for 2023.

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Must investors have multiple accounts. These may include 401(k) and 403(b) accounts, any number of IRAs, taxable accounts, and even HSAs. Multiple accounts raise an important question. Should you implement you replicate your asset allocation plan within each account or just make sure your portfolio as a whole matches your investment plan?

In this video will cover the following:
0:00 How to Invest With Multiple Accounts and Account Types
1:00 Simplicity
1:50 Investment Tracking Spreadsheet
2:30 Investment Options
3:15 Taxes--Asset Location
5:00 After-Tax Asset Allocation

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