Our Mission
Future Paycheck was founded on the principle of “Paying Forward”. That has nothing to do with money. It is the idea that you help people now without asking for anything in return, except that they do likewise to a small number of people. The idea is that it will snowball and make the world a somewhat better place.
To that end, we developed a very comprehensive but low-cost app called Retirement. It allows you to design your retirement future without knowing a great deal about how the financial world works. Our employees work mostly for zero salary. They are owners of the company, and only make money if we sell enough apps to cover our costs. As President, I work for no reimbursement of any kind, except for having fun and paying it forward.
Retirement does not tell you what to invest in. We leave that to you and your stockbroker. What we do is help you to design a retirement plan that really will meet your goals at all ages and avoid the most common mistakes.
The problem with all retirement plans is that unless you use very low yielding (< 4%/yr) investments, you are exposed to long term down markets that can make any plan fail. But these 4% investments barely keep up with inflation. Most people need to buy higher yielding instruments with higher risk. One of the goals of any good retirement software is to show clearly what would happen if those high yielding investments took a turn for the worse. Our mission is to lower the barrier of entry for anyone ready to get serious about their future.
We ask you to re-run the program every few years to make sure all the predictions are truly coming to pass. Remember that Retirement projects as much as 80 years into the future, and accuracy continues to improve as you approach actual retirement day. Checking periodically ensures you are on track and lets you sleep at night J
There is not now, nor will there ever be, a subscription plan for Retirement. They are the bane of modern marketing and designed for the single purpose of sucking money. Our goal is to pay forward, so the app will initially be distributed for free to take measure of how many people are interested. Then if the interest warrants, it will be sold as a download on a one-time fee basis. Because you may be re-using the program many years in the future, we will make every effort to provide free updates that allow it to run on updated operating systems.
There are plenty of help files in the program, but if you need additional information, we will have a telephone support number. Almost everyone who has tried the app likes what it does. I hope you will too!
What We Do
Complex Math, with Simplified Results. We aren’t just another “Save More” calculator. Future Paycheck provides a comprehensive insight into the things that can make a retirement plan fail. We’ve done the heavy lifting by factoring in a large list of variables that matter: Social Security benefits, pensions, inheritance, high medical bills, inflation, and reverse mortgages. Our program looks at the total picture to show you exactly how starting in your 20s or 30s can save you a fortune in the long run. We give you the roadmap; you just have to start the car.
Our Philosophy
Lowering the barrier to entry. Financial security shouldn’t be a luxury reserved for those who are already wealthy. Our mission is to lower the barrier of entry for anyone ready to get serious about their future. Our hope is to get as many young people as possible to avoid the “waiting tax” created by not saving early. People who start saving at age 25 instead of waiting until 50 can save over $200,000 on their retirement!
Carl Nelson, Founder & President, Future Paycheck