FinSolve
DIY Financial Planning
FinSolve is an Excel-based DIY personal finance projection tool created by a CFP professional. You can use it to model your financial future in as little or as much detail as you want. It’s relatively simple to use but a very powerful tool for comprehensive financial planning. It projects your net worth, recommends optimal asset allocation at each stage of life, and minimizes lifetime taxes. It also allows you to do scenario analysis and see how different choices affect your financial future. It’s slightly more difficult to set up than a typical online tool but is much more detailed, accurate, and sophisticated in capability. FinSolve is the smartest way to take control of your finances and achieve your desired outcomes.
FinSolve Features
Finsolve provides projections for all areas of your financial future
Annual Projections
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Annual income, expense, savings, federal and state taxes
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Net Worth, Terminal Estate Value
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Investments by asset location (taxable, tax deferred and tax-exempt accounts)
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Detailed report for income, expenses, investments by location and tax calculations, net worth
Asset Alocation
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Dynamic asset allocation
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By asset type (Savings Account/Bonds/Stocks) for each asset location (taxable, tax deferred and tax-exempt accounts) individually
Scenario Analysis
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Standard scenarios to see how retirement, social security claim age and risk tolerance affects your plan
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Custom Scenarios let you adjust any and all elements of base case assumptions​
Roth Conversion Optimization
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Minimizes lifetime taxes to maximize terminal estate value
Medicare Premium Optimization
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Optimizes Income-Related Monthly Adjustment Amount (IRMAA)
Precise Tax Calculations
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Exact federal and state tax projections based on income
About Me
My name is Ramesh Singh and I conceived, designed, and developed the FinSolve. I am a CFP (Certified Financial Planner) professional and work as a Director and the Head of Structured Credit (CLO) Risk & Analytics at a large private equity firm on Wall Street. Previously I worked as a software engineer. I am also a CFA (Chartered Financial Analyst) charter holder. I have an Electrical Engineering degree from the Indian Institute of Technology, Roorkee, India, and an MBA in Finance and Investments Strategy from the Tepper School of Business at Carnegie Mellon University, Pittsburgh. You may see my profile on LinkedIn.
My motivation for making FinSolve available as DIY software is to equip everyone who needs a financial plan but can’t afford the high cost of a quality financial advisor, to build a detailed do-it-yourself personal financial plan. I have limited availability for free financial coaching if you need help with setting up FinSolve or interpreting the results. You may check my availability here. I am currently not accepting any financial planning clients and FinSolve is truly meant as a DIY educational tool for the public and not creating a client pipeline for me. I have spent countless hours developing this software and paying out of pocket for website hosting but still want to keep it free for everyone because I believe it's crucial for people to have quality financial planning. If you, or someone you know, can help me migrate this Excel/VBA-based software to a purely web-based application, please contact me.
