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ESPlanner implements consumption smoothing whose goal is attaining and maintaining the highest possible living standard.
ESPlanner
- has households save when they can and insure when they need to
- shows, in its Plus version, how investment choices affect the annual variability of one's living standard
- considers family composition, income, taxes, retirement accounts, housing, special expenditures, bequests, etc.
- recognizes that survivors may have special needs and different incomes.
- shows the living standard impact of retiring early, downsizing, moving states, refinancing -- you name it.
- makes extraordinarily detailed federal and state tax and Social Security benefit calculations
ESPlanner is discussed by Laurence Kotlikoff
in this video
and in this brochure.
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