Here is what I find amazing...

Post questions about how to use the planner, user inputs, how the planner works, and comments and suggestions.
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Old Mike
Posts: 15
Joined: Wed Aug 19, 2020 2:52 pm

Here is what I find amazing...

Post by Old Mike »

The FRP software has been helpful to me beyond words. After several years of use, I can confidently say it is the best planning tool available and we're all incredibly lucky that Jim made it available to DIY guys and gals. And more so, that he supports it as wonderfully as he does.

I'm a reasonably active member of several retirement forums and when I mentioned FRP, few people have much to say about it. It's baffling because I just can't imagine better retirement planning software than this. I have literally dreamed about the day that I find a CFP or RICP who uses FRP. When I showed my retirement plan (running FRP) to my last CFP, he was clueless and his mega-corp software was sorely lacking. I'd gladly pay a handsome hourly fee for a retirement professional who understands and uses FRP, to look at my plan and discuss it with me. I just don't think that person exists. It would be great to post a list of CFP/RICP's who know FRP inside and out.

I find it amazing that it's not better recognized on the various online retirement forums. There are other planning tools that get far more attention online, and yet the pale in comparison to FRP. Why is that? It makes me worry there is something wrong with FRP that I'm not seeing. Hard to believe that though.
redderhead
Posts: 9
Joined: Sun Aug 09, 2020 11:46 am

Re: Here is what I find amazing...

Post by redderhead »

I'm right there with you Mike.

Red Head
target2019
Posts: 17
Joined: Fri Dec 20, 2019 8:41 am

Re: Here is what I find amazing...

Post by target2019 »

I have nothing but positive comments about Flexible Retirement Planner. I always mention FRP when I see comments on a certain board about planning software.

In social media forums a certain amount of group-think can develop. And of course if a board's overall theme is a specific planning tool, recommendations do skew that way. This isn't criticism about what people use, just an observation.

I also have noticed that marketing does happen when the subject comes up. It could just be me, but when I see a user with a few posts mention specific products, alerts go off in my head. I don't think I've ever seen a post like that about FRP.

But back to the app--I use the Windows version and for me desktop apps are everything. It's pinned in my toolbar, and when a brilliant idea comes to mind, I can easily type in a new Additional Input, and find the probable outcome, which is usually minimal since my ideas are not so brilliant. :)

I think FRP is not mentioned more frequently because there is probably a small hump in the beginning for most newcomers. Most of those will not want to look further and RTFM. But what is beyond the home screen is where you input and capture more granularity if you need it.

FRP fits me like a glove. Having a true support forum with questions and answers has been incredibly helpful.

Thanks, Jim.
neuroshere
Posts: 1
Joined: Sun May 22, 2022 11:32 am

Re: Here is what I find amazing...

Post by neuroshere »

Old Mike wrote: Mon Apr 25, 2022 4:23 pm I'm a reasonably active member of several retirement forums and when I mentioned FRP, few people have much to say about it. It's baffling because I just can't imagine better retirement planning software than this. I have literally dreamed about the day that I find a CFP or RICP who uses FRP. When I showed my retirement plan (running FRP) to my last CFP, he was clueless and his mega-corp software was sorely lacking. I'd gladly pay a handsome hourly fee for a retirement professional who understands and uses FRP, to look at my plan and discuss it with me. I just don't think that person exists. It would be great to post a list of CFP/RICP's who know FRP inside and out.
You are not missing anything. Each tool has its pros/cons. In most cases I use FRP for my clients. I paid $3000+ one year to try the most popular financial planning software out there, and I really don't like it at all. It's designed as much for marketing as it is for planning and I doubt I'll renew.

The fancy software has features many don't need, such as account import and aggregation, fancier outputs (but not necessarily any more informative), SS estimates (which are usually far off from accurate), ability to model spouses of different ages and retirement dates, etc. But by trying to do everything, it does few things well.
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