Speaker: CHARLES WOODWORTH, Semi-retired engineer
Why did you choose MaxiFi to create a personal financial plan?
CHARLES WOODWORTH: Good evening. I'm Chuck and I want to talk a little bit about MaxFi Planner. I chose MaxiFi Planner as a tool of choice for my retirement projections about three years ago after reading an article in my local paper and referenced Doctor Kotlikoff and his tool.
What MaxiFi features do you like best?
CHARLES WOODWORTH: The MaxiFi Planner features that I do like best is the long range planning and the validation that I won't run out of money even in my best life. funding requirements scenarios.
Did you find MaxiFi easy to set up and use? Please tell us about your experience.
CHARLES WOODWORTH: I found that the MaxiFi Planner was easy to set up. However, I did get the advice from Dan Royer to help me with dialing in as I got closer to retirement. He helped me immensely and I like the fact that I have Dan available––very supportive as well as Dr Kotlikoff. I had a recent session with him and he helped guide me along the way too. So I'm totally satisfied with the MaxiFi Planner.
Did MaxiFi help you make important financial decisions? If so how?
CHARLES WOODWORTH: I used MaxiFi Planner Upside Investing strategy to help me with my Social Security. When I initially retired, I took Social Security a few months earlier than my full retirement age and have since I got a little part time work working with my former business and that enables me to secure Social Security or to suspend it. And MaxiFi I helped me with those decisions. I plan on pulling full retirement from Social Security at age 70. MaxiFi was very helpful in helping me understand this, which results in about an extra $180,000 to my lifetime income.
Did you have a long-term financial plan before using MaxiFI? If so, how did you create that plan?
CHARLES WOODWORTH: I had a long time financial plan that I used to track with a spreadsheet that I made that was very conservative in nature. I've been doing this since about the year 2000. I found that my investments have grown better than what I projected. But I think the MaxiFi planning tool is gonna help me with an economics approach which verifies and helps me to understand that I'm not gonna run out of money in my best life scenarios.
Is there anything else you would like to add?
CHARLES WOODWORTH: I'd like to reiterate that the support that I received from Dan Royer and Doctor Kotlikoff I think is exceptional and the ability to reach out to them and get help within a very short period of time is reassuring to me. I'm recommending MaxiFi Planner to other folks that are following me in retirement. So I have nothing but good news and good things to say about the use of this tool.
