Make Optimal Financial Decisions
Working with cache
Calculate Effective Tax Rate
Calculating the Gompertz model parameters for joint survival
Calculate Gompertz mode for a given life expectancy
Calculating Gompertz model parameters
Calculating Gompertz survival probability
Calculate Life Expectancy
Calculate optimal asset allocation
Calculate optimal risky asset allocation
Calculate Portfolio Parameters
Calculate purchasing power
Calculating retirement ruin probability
Calculate risk adjusted return
Create Portfolio Template
Printing currency values or percentages
Get current date
Get default Gompertz parameters
Household class
HouseholdMember class
Plot expected allocation over household life cycle
Plot expected capital over household life cycle
Plot future income structure over household life cycle
Plotting future saving rates
Plot future spending structure over household life cycle
Plotting the results of Gompertz model calibration
Plotting the results of Gompertz model calibration for joint survival
Plot life expectancy of household members
Plot optimal portfolio allocations
Plotting changes to the purchasing power over time
Plotting retirement ruin
Plotting risk adjusted returns
Plot scenarios metrics
Plot survival of household members
R4GoodPersonalFinances: Make Optimal Financial Decisions
Reading HMD life tables
Rendering a scenario snapshot
Run a package app
Simulate a scenario of household lifetime finances
Simulate multiple scenarios of household lifetime finances
Make optimal decisions for your personal or household finances. Use tools and methods that are selected carefully to align with academic consensus, bridging the gap between theoretical knowledge and practical application. They help you find your own personalized optimal discretionary spending or optimal asset allocation, and prepare you for retirement or financial independence. The optimal solution to this problems is extremely complex, and we only have a single lifetime to get it right. Fortunately, we now have the user-friendly tools implemented, that integrate life-cycle models with single-period net-worth mean-variance optimization models. Those tools can be used by anyone who wants to see what highly-personalized optimal decisions can look like. For more details see: Idzorek T., Kaplan P. (2024, ISBN:9781952927379), Haghani V., White J. (2023, ISBN:9781119747918).
Useful links