This YouTube video ("Maximizing Retirement Income") features Craig Wear, CFP® arguing that simple online calculators and static spreadsheets cannot produce an optimal retirement income strategy. He emphasizes the need for a comprehensive, interactive planning approach to maximize outcomes for the retiree and their family and to minimize taxes paid to the IRS.
So just to continue through retirement in blissful ignorance doesn't give your family the most, doesn't give you the most, and it just leaves a lot of money on the doorstep of the irs. So, you know, a simple online calculator is not going to be able to give you an optimal strategy. I have yet to see a single spreadsheet that is interactive enough by the engineers that we've worked with to give the optimal strategy the entire picture, calculating everything that's needed.
