Drill Down into Plan Summary Tables for What-if Scenario
Lifetime Planner Bug and Idea List - Make Yourself Heard!
Comments
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NEW IDEA Added to the Original Lifetime Planner BUG & IDEA List
click on....
...to have a look, vote and comment!
SUMMARY:
When exploring "What-if" scenarios in LTP, allow the user to drill down and view plan summary table detail in order to validate the effect of their "What-if" scenario assumptions, without first "Saving What-if plan as Plan"
In other words, there should be a way for the user to make sure their "what-if' assumptions are correctly modelled in the plan, without being required to save and overwrite the "baseline" plan!. Inspecting the plan summary tables, for the "What-if" scenario, is a way of achieving this.- If you want to see this IDEA implemented in LTP, click the above link, scroll to the bottom and VOTE...
- If you want to see overall improvements in LTP, go to the first post of this thread and VOTE...
- If you want to browse an updated, curated and categorized list of all known LTP Ideas, go to the first post of this thread and VOTE on those that are of interest to you!
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NEW IDEA Added to the Original Lifetime Planner BUG & IDEA List
click on....
...to have a look, vote and comment!
SUMMARY:
This change idea requests that Quicken streamline and improve how new users get started using Lifetime Planner. Doing this would improve user adoption, improve plan quality resulting in better decision making and increase the likelihood of their longer term use of LTP as an integral part of their financial planning.
Today, when a new user starts to work with Lifetime Planner, for the first time, they are faced with no less than 5 different entry points from which to enter their plan assumptions. Because there are so many different ways to begin working with LTP, this often leads to strange and inaccurate plan results, no plan at all and users becoming frustrated early, never to return to this valuable tool.- If you want to see this IDEA implemented in LTP, click the above link, scroll to the bottom and VOTE...
- If you want to see overall improvements in LTP, go to the first post of this thread and VOTE...
- If you want to browse an updated, curated and categorized list of all known LTP Ideas, go to the first post of this thread and VOTE on those that are of interest to you!
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NEW IDEA Added to the Original Lifetime Planner BUG & IDEA List
click on....
Fix Surplus Cash Model & Improve Reporting...to have a look, vote and comment
SUMMARY:LTP does not handle surplus cash correctly, when the user sets the Living Expense>Surplus Cash Sweep assumption to a number other than 100%.
When the user sets a surplus cash sweep percentage, LTP only accounts for the surplus cash deposit into a taxable savings deposit but disregards the portion NOT swept to savings. The portion that is NOT swept to savings is essentially a "surplus cash expense" or the amount of surplus cash that was spent.
Fundamentally, Surplus Cash is either Saved or Spent, This is a common model assumption in many retirement planning tools. In LTP's model, the percent of surplus cash is only saved.
By not accounting for the "surplus spent" portion, LTP understates total expenses and ultimately overstates end-of-plan balance (sucess or failure). The magnitude of this error is based on surplus cash sweep setting, with 0% setting generating the greatest plan error and 100% generating no plan error.- If you want to see this IDEA implemented in LTP, click the above link, scroll to the bottom and VOTE...
- If you want to see overall improvements in LTP, go to the first post of this thread and VOTE...
- If you want to browse an updated, curated and categorized list of all known LTP Ideas, go to the first post of this thread and VOTE on those that are of interest to you!
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NEW IDEA Added to the Original Lifetime Planner BUG & IDEA List
click on....
Add High-end Retirement Planner Premium Subscription
...to have a look, vote and commentSUMMARY:
I'm willing to pay $300 for Quicken if....…it had a version that is very much like eMoney or competitor. All financial planners use eMoney or something similar. Be great if a version of Quicken had these high end calculations built in (social security benefits, Monte Carlo graphs, etc.). Quicken already has all my financial info in it so there is a natural link to retirement/estate/cash flow planning which would be powerful for users who know how to use these tools.
- If you want to see this IDEA implemented in LTP, click the above link, scroll to the bottom and VOTE...
- If you want to see overall improvements in LTP, go to the first post of this thread and VOTE...
- If you want to browse an updated, curated and categorized list of all known LTP Ideas, go to the first post of this thread and VOTE on those that are of interest to you!
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NEW IDEA Added to the Original Lifetime Planner BUG & IDEA List
click on....
Set Rate of Return Based on Investment Portfolio Weighted Asset Classes
...to have a look, vote and comment
SUMMARY:
Users often struggle with setting investment rate of return (RoR) in their retirement planning tools, such as lifetime planner (LTP). The investment rate of return is generally, but not always, tied to the user's investment portfolio's asset allocation (stocks, bonds, cash et al) Yet, many look to various historic market index returns, such as DOW, S&P and NASDAQ alone to guide their LTP RoR assumption. Some have taken a reasoned approach to setting future returns while others just ask "some guy on the internet" what they should use….
This proposed, optional LTP feature, allows for a calculated weighted rate of return based upon the user's Quicken investment portfolio's asset allocation.
The purpose is to ensure the user has some RoR basis in their assumption and avoid wildly different return assumptions than what their actual portfolio investments have historically returned.
- If you want to see this IDEA implemented in LTP, click the above link, scroll to the bottom and VOTE...
- If you want to see overall improvements in LTP, go to the first post of this thread and VOTE...
- If you want to browse an updated, curated and categorized list of all known LTP Ideas, go to the first post of this thread and VOTE on those that are of interest to you!
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NEW IDEA Added to the Original Lifetime Planner BUG & IDEA List
click on....
Add Stock Option Vesting Schedules
...to have a look, vote and comment
SUMMARY:
Currently, Quicken does not account for stock options that vest over time in the lifetime planner tool. This leads to misleading lifetime planning calculations.This is a request to the Quicken development team to change the lifetime planner calculation to account for stock option vesting schedules.
- Browse an updated, curated, and categorized list of all known LTP Ideas. Go to the first post of this thread, click on the ideas important to you, review and VOTE!
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@Scooterlam I kind of stopped checking the LTP threads for a few years because nothing seems to be getting implemented. I use Quicken regularly but have not noticed any changes to LTP in many years. Do you know if they are actively prioritizing any development on LTP. There are some excellent suggestions but I've not noticed any action on them.
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Make the Planner What If screen size adjustable or at least make it a reasonable size. Currently, when you click on "What If" in the Lifetime Planner, you get an almost illegible tiny screen that cannot be resized or expanded.
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The word from the product team is that they don't plan to touch LTP for another "year or so" - other priorities and from a discussion awhile back, lack of development competence in the feature.
Approximately half of the ideas you see on the first page of this post are now archived because of lack of votes. Users are unable to further comment and vote on these archived ideas. Sadly, some of these archived ideas were indeed bugs and not improvement or modernization requests.
Closed and Archived LTP Ideas:BUGSIDEA:Improve Help Content in Lifetime PlannerIDEA:Improve Account Assign for Special, College, Home ExpensesIDEA:Debt Reduction Plan NOT Modelling CorrectlyIDEA:Scaling Issues in Various Dialogs when Using Large FontsIDEA:Fix IRA & 401K Owner Change From Account Setup to LTPIDEA:Complete update to Lifetime Planner to Reflect RMD Changes to IRAs due to SECURE Act
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Thanks for the honest info.
It is disappointing that now, with a subscription-based revenue model, the product isn't actively pushing forward on more improvements. I know there are minor updates but, as a 25-30 year user, I can't immediately think of very much that has changed that has been really helpful to me.
I do appreciate the effort you've put into all this though!
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Yes disappointing…But, please do continue to vote and comment and advocate for a change.
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@Scooterlam Thanks so much for doing all of this! That was a lot of work on your part and is very much appreciated.
The LTP Bugs & Ideas that were archived will probably need to be entered again as new ideas. (Having had this job before, I know that teams have to cut off ideas sometimes and just move forward.)
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