MaxiFi vs Pocket Risk
MaxiFi
maxifi.comPocket Risk
pocketrisk.comSide by side
| Figure | MaxiFi | Pocket Risk |
|---|---|---|
| Price from | $12.42/mo | Free |
| Free plan | — | Yes |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 2 | 6 |
| Spec score · Financial Planning Software | 8.9 (#4) | 8.2 (#14) |
| Founded | 1993 | 2012 |
| Purpose | MaxiFi creates a lifetime financial plan and calculates sustainable annual spending based on income, assets, taxes, Social Security, and other inputs. | Pocket Risk is an online investment risk tolerance questionnaire for financial advisors to assess how much investment risk clients are willing to take. |
| Security | The company says customer data is encrypted at rest with AES-256 and web traffic uses TLS 1.2 or 1.3; it also requires two-factor authentication for customer logins. | Pocket Risk says data in transit is encrypted at 256-bit and sent over HTTPS, and that it uses AWS infrastructure with daily backups. |
| Support | Support is provided through online tickets, with listed contact hours Monday through Friday, 8 a.m. to 8 p.m. Eastern; phone support is not included in the purchase price. | The maker says standard email support runs 8 a.m. to 5 p.m. Eastern on weekdays, with urgent calls sometimes handled outside those hours. |
| What it does | MaxiFi builds economics-based lifetime financial plans that calculate affordable spending from income, assets, taxes, Social Security and other household data. | Pocket Risk is an online investment risk-tolerance questionnaire for financial advisers. |
Plans
Pocket Risk
- BUSINESSFree
- BUSINESSFree
- PROFESSIONALFree
- PROFESSIONALFree
- SOLOFree
- SOLOFree
In their own words
MaxiFi
MaxiFi builds a lifetime financial plan and estimates sustainable annual spending using income, assets, taxes, Social Security and other inputs. You can revise the plan to compare choices such as changing jobs, buying a home or retiring early. It models federal, state, FICA and IRMAA taxes, Social Security benefits and Medicare Part B premiums. Paid optimizers cover Roth conversions, Social Security filing and retirement withdrawals. Living Standard Monte Carlo compares how investment strategies and spending behavior affect discretionary spending; the software also estimates life insurance needs using contingency plans. Annual reports can be exported as PDF or Excel files, and plans can be shared with an advisor who has a MaxiFi PRO subscription. MaxiFi is available on Android, iOS, Linux, macOS, web and Windows. It offers a 14-day trial with limited features and comparison of three alternate scenarios. The Unlocked plan is listed at $149 a year. Support is through online tickets; phone support is not included.
Pocket Risk
Pocket Risk is an online investment risk questionnaire for financial advisors assessing how much investment risk clients are willing to take. Its 15 questions cover financial goals, financial situation, risk tolerance and risk capacity. Clients can answer online or on paper; the homepage says online completion takes five minutes. Advisors receive online and PDF reports, with personalized risk profiles presented through visuals and graphs. Scores can be connected to model portfolios, and the maker's model portfolio page says up to 11 portfolios can be added. Advisors can customize branding, add questions and disclosures, and embed the questionnaire on their own website. Pocket Risk says it integrates with Redtail CRM, with more integrations coming soon. It runs on the web, iOS and Android, and lists goal planning, investment planning and a client portal. The maker describes encryption in transit at 256-bit over HTTPS, AWS infrastructure and daily backups, and says it does not sell or distribute client data. A 14-day free trial is available. Plan listings show free while also describing annual billing, so confirm plan terms before relying on those figures.