ESPlanner Going Forward
Submitted by dan royer on Fri, 01/25/2019 - 14:17
I wrote up this summary about ESPlanner going forward and thought I'd share it here for those interested.
Best,
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tomindenver
Fri, 01/25/2019 - 17:32
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Thanks for the write-up, Dan.
Thanks for the write-up, Dan. It was informative. Some questions popped up after reading it...
1) What needs to be added to Maxifi between now and when Full feature parity with ESPlanner is achieved? In other words what is in ESPlanner that is not yet in Maxifi?
2) Since Maxifi is web based, I assume the Computation Engine runs on your servers instead of our PC, right? If yes, would there be an option to run the CE on our PC (e.g, via an option to tell the UI where CE is running and a way to enable/disable it on our PC)? Reasons might be that your servers are running slow for some reason, or they are down, or whatever. Not saying you don't do a good job with them, but just checking if there would be the option to run on our PC.
3) Would be nice if I could initially use both programs for a some period of time to do my own comparisons before purchasing Maxifi. Will there be a trial version available? (Didn't notice if there is a trial version on web site, but may have overlooked it).
4) I while back I asked if there would be a discount for ESPlanner users to purchase Maxifi. You said there would be (forgot the amount). How do I get the discount applied when I purchase Maxifi?
Thanks,
TomInDenver
dan royer
Fri, 01/25/2019 - 18:08
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Sure, so here's the current
Sure, so here's the current comparison list. It looks like there's three things left to add there at the bottom:
https://economicsecurityplanning.com/esplanner-maxifi-comparison
I'll ask the engineer to comment on running the CE locally. I suspect that it's out of the question in that what we are doing on these fancy servers using some advanced technology in the MOnte Carlo analysis was taking 12 hour or perhaps it was several days to run on a PC, but less than a minute or two on these servers. I know that's hard to believe. I don't think I'm exaggerating though.
Yes, we'll be incentivizing with coupons pretty much constantly I think. right now when you go to renew you see a coupon in a system message. ESPMAX1 gets $20 off Premium or Standard. We're having some discussion about this internally in the weeks ahead.
I don't think, however, that we'll allow trial use, though I'm always good for a 30 day refund (which I understand it not the same).
I was just heading out the door, so pardon my sentences above . . but I'll see and respond to your reply if I didn't cover everything.
Dan
tomindenver
Sat, 01/26/2019 - 18:32
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You covered the questions.
You covered the questions. Thanks. 12 hour runtime reduced to 1 minute. Wow you must have some super powerful servers ... or you were running on a super slow PC (or both).
dan royer
Sat, 01/26/2019 - 18:46
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And that's only with the
And that's only with the Monte Carlo.
dan royer
Sat, 01/26/2019 - 18:38
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Yes, something about
Yes, something about "serverless computing" and "lamda"
TimeRunner
Thu, 01/31/2019 - 13:36
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Here's a link from Amazon Web
Here's a link from Amazon Web Services that introduces the computing concepts:
https://aws.amazon.com/lambda/
Running this code on the desktop is an obsolete solution. Glad to see Maxifi solution!
dan royer
Thu, 01/31/2019 - 13:54
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I asked our engineers and
I asked our engineers and they said:
For each MC run there are 300 instances of the CE (each running 5 trajectories for the three strategies: base, safe, risky). so to run locally would take about 300 times as long
And yes, Lamda on AWS.
Kind of interesting. :)
dan royer
Thu, 01/31/2019 - 13:55
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that's just for the MC. A non
that's just for the MC. A non-MC run is just one run.
tomindenver
Wed, 02/06/2019 - 16:57
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Hi,
Hi,
I was reading thru the FAQ on the Maxifi site and came across the following sentence in the question on whether to switch to Maxifi from ESPlanner.
"If these differences seem like an advantage to you and you don't need the real estate, estate planning, vacation home or other not-yet supported features then you will probably want to move over to MaxiFi Planner".
The above sentence implies that real estate, estate planning, and vacation home features are not in Maxifi but when I look at the comparison chart it shows that vacation home and real estate are in both programs. So this is contradictory to the FAQ. The comparison chart does not mention Estate Planning.
Can you clarify if Estate Planning, Real Estate, and Vacation Home are supported yet in Maxifi?
Thanks,
TomInDenver
dan royer
Wed, 02/06/2019 - 17:14
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Yikes! I need to fix that.
Yikes! I need to fix that. Thanks. Real estate up to 5 properties just like ESPlanner is in MaxiFi. We'll add more properties by mid year. Vacation home is already in MaxiFi too. MaxiFi has the Estate and bequest fields, but not the Estate reports or the contingent planning yet.
Dan
tomindenver
Sat, 02/09/2019 - 12:50
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How often is our data on the
How often is our data on the Maxifi server backed up?
dan royer
Sat, 02/09/2019 - 13:43
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It is essentially always
It is essentially always backed up; there is a shadow server running in a different zone at all times. Back ups are automated so we can restore to any point in time within the last 30 days. We also do offsite backups each week.