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Ask HN: How do you do financial planning?

1 points by py4 ↗ HN
Do you outsource your financial planning or do you prefer to do it yourself? Is there an AI that can outperform a human financial planner?

My goal is to automate the process of making financial decisions based on user profiles, including age, conservativeness, estimated retirement age, and estimated retirement funds.

The whole problem of {user profile, context, set of possible actions} -> {action} seems doable to me.

For example, if I am confronted with a new concept like an RRSP (US eq of 401K) loan, I would like an app that can calculate whether it's worth taking the loan based on the potential profit and tax benefits. Or I have a line of credit offer. Can I make profit from it?

1 comment

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fsflyer
There are numerous tools available for helping with financial decisions. There are is a great community at Bogelheads [0] that you can learn lots from. Given that you are asking about RRSP, I'll guess that you are in Canada, Financial Wisdom and finiki are specific to Canada.

Finiki doesn't have a very long list of Canadian calculators [3]. The US has quite a few [4].

[0] https://bogelheads.org

[1] https://www.financialwisdomforum.org/

[2] https://www.finiki.org/wiki/Main_Page

[3] https://www.finiki.org/wiki/Canadian_retirement_software_%26...

[4] https://www.bogleheads.org/wiki/Retirement_calculators_and_s...