MaxiFi vs RetireePlan

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.

RetireePlan is a free, self-hosted retirement planning app built for Canadians to model finances, compare scenarios, and examine tax outcomes. Its deterministic engine projects income, expenses, account growth, withdrawals, and taxes year by year; Monte Carlo runs use 1,000 trials and can apply normal, log-normal, or historical-bootstrap returns. Canadian tax modeling covers federal and provincial brackets, CPP/QPP, EI, OAS/GIS clawback, pension splitting, and RRIF minimums. A rule-based engine ranks recommendations and assigns dollar values, including possible RRSP meltdown opportunities, OAS clawback avoidance, and TFSA use. Users can model rental properties, principal-residence exemptions, probate, and beneficiary designations, and compare named scenarios. RetireePlan can import YNAB categories and transactions, and its context-aware AI assistant can use local Ollama or GitHub Copilot. It runs on the web or through desktop installers for macOS, Windows, and Linux; Docker containers support self-hosting. Reports export to multi-scenario PDF or annual CSV. The maker says users can run it on their own hardware without sharing data. It is a modeling tool, not financial advice, and tax figures are illustrative.