Where to find FREE Retirement planning software?
You can search the web for many tools.
But, there is one that is FREE and is in Microsoft Excel format. You can customise the Spreadsheet to your liking. No Password, No file protection. You can add, delete, modify, change color, etc.
Note that expenses during your retirement years are for a long term. The withdrawals are small amounts and planned to last as long as possible.
You may want to move a certain amount of the money into Bond fund or Money Market funds. The sum can be expenses for the next 2 years. You preserve the capital for 2 years as you do not want to risk your money into a volatile market.
Let's say during your retirement, the stock market crashes. If you had put all your money into the Stock Market or Equity funds, the value will drop according to the Stock Market performance. Your hard earned investment amount dropped.
As Bond fund and Money Market fund are more of capital preservation, the fund values will not lose much. In fact, they can still go higher when the stock market crashes.
You can download it from this link:
https://seanexcel.weebly.com/blog/invest-expenses-for-retirement-plan
More explanations from this link:
https://highlevelrules.blogspot.com/2017/09/invest-expenses-for-retirement-plan.html
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