The differences between these calculators are mainly how detailed they are, and subsequently how accurate they are.
IFA aims to show you how much you can withdraw after retirement and may try to cross sell relevant products to meet your desired goals. MoneyOwl gives a more comprehensive assessment of your financial state by having you input those info, and then assign a financial planner to go through with you on how you may plan better for your future with the products in the market.
MoneyOwl is of course more accurate but requires you to give information and the results are also not immediate, and may be difficult to understand without the help of a planner advising you (which is what they will do).
If you want something that is dynamic, accurate, private, and immediate, try this instead:
https://retirementcalculator.wixsite.com/2020
It's a model built on Excel so you can immediately see the output, and share more information only when you think it's worth your time. Plus, it allows you to create "steps" in your life to build a dynamic plan such as planning for children or a big ticket item.
We disclose honestly that this is built by us, made to be easy to use and understand, fast, visually pleasing, and accurate. We welcome your feedback!
The differences between these calculators are mainly how detailed they are, and subsequently how accurate they are.
IFA aims to show you how much you can withdraw after retirement and may try to cross sell relevant products to meet your desired goals. MoneyOwl gives a more comprehensive assessment of your financial state by having you input those info, and then assign a financial planner to go through with you on how you may plan better for your future with the products in the market.
MoneyOwl is of course more accurate but requires you to give information and the results are also not immediate, and may be difficult to understand without the help of a planner advising you (which is what they will do).
If you want something that is dynamic, accurate, private, and immediate, try this instead:
https://retirementcalculator.wixsite.com/2020
It's a model built on Excel so you can immediately see the output, and share more information only when you think it's worth your time. Plus, it allows you to create "steps" in your life to build a dynamic plan such as planning for children or a big ticket item.
We disclose honestly that this is built by us, made to be easy to use and understand, fast, visually pleasing, and accurate. We welcome your feedback!