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Introduce a Quicken Premium Subscription Integrating a High-end Retirement Planner (edited)

Jimhurley

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.

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Comments

Scooterlam

@Jimhurley Interesting thought. So, if Quicken offered another subscription product level to it current portfolio (image) to include a more robust retirement planning feature, you would be willing to pay substantially more. The additonal subscription revenue would fund the additional effort to bring to market, maintain and improve upon a retirement planner.

It would be interesting to guess a price point that the market would support. $11.99 - $13.99 per month perhaps, given the price points of a few other competative (to Quicken) planning products? Certainly, Quicken, as a whole, has a much richer feature set than strictly the planning tools I am thinking of….so perhaps more.

A "Quicken Ultimate" subscription level….To bring it all together in a modern, highly functional planning tool :) for Quicken and perhaps also Simplifi users? For sure an idea with lots to unpack.

Have you had a look at Quicken's Lifetime Planner? https://help.quicken.com/pages/viewpage.action?pageId=3216778

This is Quicken's own retirement planner and is somewhat integrated with Quicken's other account features. While I would not consider Quicken's Lifetime Planner feature "high end", as compared to software commonly used by planners (like eMoney), but for a deterministic planning model, it is pretty comprehensive. I also use a professional planning tool (not eMoney) et al.

Today's LTP could be much better with more modern and updated feature sets. Though, at a basic hygiene level, it suffers from a lack of maintanence, such as keeping its own model up to date with tax law and fixing various bugs / poor design.

Here is a currated thread of proposed ideas for Lifetime Planner. IMV, they serve as a basis for an upgraded, premium planning tool. Have a look.

https://community.quicken.com/discussion/7713110/lifetime-planner-bug-and-idea-list-make-yourself-heard

Perhaps we can make an edit to your title to make the idea more descriptive - about an upgraded Quicken subscription offering for advanced financial planning?

unknown

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scobar

@Jimhurley I agree. I've been looking for a good monte carlo simulator for amateurs - the Pro packages won't sell to you unless you are a CFP. And I can't find any third party packages that do this (does anybody know some?). I'm trying to start modeling some retirement options and the options are either too basic, or I have to give them my entire life story. If I have to do the latter, like you, Quicken already has that!

Framer Inc

I agree. Lifetime planner has the great basics but by fixing the issues, addressing some of the remaining IDEAS in the Quicken community it could become an excellent product, so we no longer need to look at the competition i.e. eMoney. I don't think there is a need to increase the price or make another price level but by keeping same price as PREMIER it would attract more customers and keep the competition in the rear mirror for both young and senior quicken users. Providing an ALL-IN finance product is so much more valuable for the end user than relying on a third party tool (i,e, eMoney) that is doing what you should expect from Quicken that was in fact launched 40 years ago. I agree with Jimhurley & Scooterlam…update, modernize, add powerful features, etc.

Make your voice heard by choosing from the excellent features Scott has conveniently compiled for us.