Robert Brokamp

speaker

4,580 appearances 41 recordings 3 series first heard Oct 2025 last heard 3d ago

Robert Brokamp’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 41 in all, peaking in Sep 2026 with 5.

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Motley Fool Hidden Gems Investing · Declare Your Financial Independence! · 4 Jul 2026 podcast

We're gonna move on to our next source of retirement assessment, and that is retirement calculators, right?

Because these allow you to put in your particulars, your actual savings rate, your retirement goal, what age you wanna retire, what you're gonna get from social security,

and they can sort of mix all those numbers together and give you an idea of whether you're on track.

And the last time you were on the show, Stephanie, which was the first installment of our June episode of the Financial Planning Challenge, we talked a lot about calculators, so we don't have to dig into these too much, but I will highlight the ones that we have highlighted in the past when it comes to retirement.

My favorite free tool comes from CalcXML.

Just do an online search for CalcXML Retirement Planning Module.

They have a few retirement calculators,

But the one that you will get when you look for a retirement planning module is the one I like the most.

And then there are premium ones that we often recommend, such as Bolden, Maxify, and Projection Lab.

And again, Motley Fool Ventures, a sister company to Motley Fool, has an investment in Bolden.

So Stephanie, what are your thoughts on retirement calculators?

Yes, and I know a few colleagues who feel the same way about Projection Lab.

I have used Bolded more, which I like.

I like Maxify as well.

It was designed by Larry Kotlikoff, an economist and someone who thinks a lot about retirement planning.

So to me personally, I mean, the cost of these tools, they're often free versions and a premium version as well, but the costs are not so prohibitive that you can't use more than one.

and get a second or third opinion.

What are your downsides, Stephanie, when it comes to using retirement calculators?

Yeah, we talked about when you were on the show last that we both coincidentally use 6% as our return before retirement and 5% in retirement.

And that is lower than long-term average of stock market if you're investing mostly in stocks.

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