The Optimal Retirement Planner

Retirement's Persistent Questions
How much will I have to live on in each year of retirement? In which accounts should I save for retirement?
When should I retire? When should I start Social Security Benefits?
When should I roll over my IRA to a Roth IRA? Should I continue to work after retirement?
When should I sell my house? Should I take out a reverse mortgage?
ORP
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About ORP

The unplanned retirement is Uncle Sam's delight;
more taxes collected, less Social Security paid.

The Optimal Retirement Planner (ORP) is a retirement decision support system (RDSS) that optimally schedules retirement savings and withdrawals to maximize the amount of money available for spending throughout retirement.

An RDSS looks like this:

Guidance
Schedule of contributions to retirement savings accounts
Annual after-tax income
Schedule of withdrawals from retirement savings accounts
Schedule of IRA to Roth IRA rollovers
Schedule of IRA to After-tax Account transfers
Annual personal income tax bracket
Annual retirement account balances.
=
(
Facts
Current Age/Spouse's Age
Account Balances
Tax-advantaged contribution limits
Illiquid asset value (home)
Pension income
Social Security benefits
State Taxes
 ,
Choices
Annual retirement savings
Age to retire
Age to start Soc. Sec. benefits
Age to sell illiquid asset
Reverse mortgage?
Work after retirement?
Size of estate
 )

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White
Papers
ORP
Overview
Optimal Withdrawal Strategy
Monte Carlo
Risk Assessment
Historical Averages
Profile of
ORP Users
ORP vs Forecaster3

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 orplanner@gmail.com

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© 1998-2009, James S. Welch, Jr