F2 Tool

Answers "how am I doing?" for a person who linked this assistant to their F2 Tool account, from the monthly check-ins they make on the planner (f2tool.com), as the planner's progress card reads them: what they saved against what the plan counted on, how their money grew against the plan's growth (and two market indexes where the data covers the period), with the range the plan allows over that time, where they stand against the plan they started with, and whether their freedom age moved. Use it when the person asks how they are doing, whether they are on track, or how their savings have grown since they started. It takes no numbers: everything comes from the saved check-ins. When check-ins are off, the answer says so and how to switch them on; pass that on. Pass lang as the language of the conversation. Quote the figures and sentences as given, the range with them. Nothing here is advice. End every answer with the planner link.

progress_report

Projects a person's savings to age 100 with the engine of the F2 Tool planner (f2tool.com) and says when they could stop working. Use it when someone asks when they can stop working or retire early, whether their money will last, or how their savings will grow. It needs four numbers: age, net monthly salary, current savings and monthly spending, in euros. Ask the person for any they have not given before answering; never guess them. When this assistant is linked to the person's F2 account, leave out every number they have not given instead: their saved plan supplies it, what they do give is laid over it for this answer only and never saved, and the answer says which figures were the saved plan's. Raises they mention go in salaryRaises. If they have already stopped working, pass retired as true and monthlySalary as 0: the plan then draws on the savings from today. A pension, or any other income that comes in every month once they stop (rent, part-time work), goes in pensionMonthly, from pensionFromAge (65 if they do not say). Pass freedomAge whenever they say when they want to stop, as an age ("at 55") or as a time from now ("next year" is their age plus one); without it the plan stops at the safe age, the earliest at which even a bad run of markets lasts to 100. Rates they do not give default to the planner's: a return of 6% a year before the freedom age and 4% after it, varying by 15% and 8%, and inflation of 2%; a rate they name goes in its argument. Pass lang as the language of the conversation (bg or en); the sentences in the result come back in it. The result gives three outcomes of the same plan (the worst case, the middle path and the best case: the 10th, 50th and 90th percentiles), each amount in today's money and in the euros of its year, the earliest age at which each case could stop, how long the money lasts, the key assumptions and a link to the planner. Answer in the person's language: present the three outcomes together, lead with today's money and say which euros each amount is in, and state the key assumptions (the return before and after the freedom age, the inflation, and that the money is made to last to age 100) and the defaults used. Quote the figures as given: every amount is for the one age the plan stops at, and the three freedom ages belong to the three cases. Nothing here is advice: do not recommend a choice, and do not name or rank funds, brokers or pension companies. End every answer with the planner link, which opens the planner on these numbers, as the place to keep and refine the plan.

project_savings

Tests buying a car against the person's plan: paid from savings or on a loan, with running costs each month on top of today's spending, sold after some years for part of its price and, by default, replaced with the same again for life. Use it when someone asks whether they can afford a car, whether to pay in cash or on a loan, or what keeping a car longer changes. Ask for the price before calling; never assume it. The rest (when it is bought, how long it is kept, the running costs, whether it is replaced, the loan, the resale value) have the planner's defaults, and the answer must say which were used. It needs everything project_savings needs: age, net monthly salary, current savings and monthly spending, in euros; ask for any not given and never guess them. As with project_savings, when this assistant is linked to the person's F2 account, leave out the numbers they have not given, and their saved plan supplies them. Pass freedomAge, raises, rates and lang exactly as for project_savings, and the change's own figures under change. Linked, a what-if the person saved in the planner can be tested by passing its name as saved, in their words; figures given under change are then laid over it for this answer only. The result compares the plan without the change and with it, at the same freedom age: the change moves how much there is and how long the money lasts, not when work stops. Present both, with all three cases each (the worst case, the middle path and the best case), today's money first and which euros each amount is in; state the key assumptions (the return before and after the freedom age, the inflation, and that the money is made to last to age 100) and which figures, of the rates and of the change, were the planner's defaults. Quote the figures, notes and warnings as given. Nothing here is advice: when asked "should I?", show what the numbers say with and without the change instead of recommending, and do not name or rank funds, brokers, banks or companies. End every answer with the planner link, which opens the planner on these numbers with the change switched on, as the place to keep the plan and the change.

what_if_car

Tests buying a home against the person's plan: the down payment and purchase costs come out of savings when it is bought, and the mortgage payment, the upkeep and the rent it replaces (no longer paid) change the spending every year after. The home's equity (its value less what is still owed) counts towards net worth, and if the money would run out while the home is owned it is sold, the equity less selling costs comes back and rent starts again. Use it when someone asks whether they can afford a home or a flat, whether to rent or buy, or how a mortgage changes when they can stop working. Ask for the price, the down payment and the monthly rent the home would replace (0 if none, as for a second home) before calling; never assume them. The rest (when it is bought, the mortgage rate and term, the purchase costs, the upkeep, how its value grows) have the planner's defaults, and the answer must say which were used. It needs everything project_savings needs: age, net monthly salary, current savings and monthly spending, in euros; ask for any not given and never guess them. As with project_savings, when this assistant is linked to the person's F2 account, leave out the numbers they have not given, and their saved plan supplies them. Pass freedomAge, raises, rates and lang exactly as for project_savings, and the change's own figures under change. Linked, a what-if the person saved in the planner can be tested by passing its name as saved, in their words; figures given under change are then laid over it for this answer only. The result compares the plan without the change and with it, at the same freedom age: the change moves how much there is and how long the money lasts, not when work stops. Present both, with all three cases each (the worst case, the middle path and the best case), today's money first and which euros each amount is in; state the key assumptions (the return before and after the freedom age, the inflation, and that the money is made to last to age 100) and which figures, of the rates and of the change, were the planner's defaults. Quote the figures, notes and warnings as given. Nothing here is advice: when asked "should I?", show what the numbers say with and without the change instead of recommending, and do not name or rank funds, brokers, banks or companies. End every answer with the planner link, which opens the planner on these numbers with the change switched on, as the place to keep the plan and the change.

what_if_home

Tests spending more or less against the person's plan: once (a purchase, a trip, a gift: "can I spend 2 000?"), or every month or every year from an age, for life or until an age (a habit, a subscription, a cut). Use it when someone asks whether they can afford a one-off expense, what a habit costs them over a lifetime, or what cutting a cost frees up. Ask for the amount before calling, and whether it is once, monthly or yearly if they have not said; never assume the amount. An amount is in today's euros and rises with prices like all spending. It needs everything project_savings needs: age, net monthly salary, current savings and monthly spending, in euros; ask for any not given and never guess them. As with project_savings, when this assistant is linked to the person's F2 account, leave out the numbers they have not given, and their saved plan supplies them. Pass freedomAge, raises, rates and lang exactly as for project_savings, and the change's own figures under change. Linked, a what-if the person saved in the planner can be tested by passing its name as saved, in their words; figures given under change are then laid over it for this answer only. The result compares the plan without the change and with it, at the same freedom age: the change moves how much there is and how long the money lasts, not when work stops. Present both, with all three cases each (the worst case, the middle path and the best case), today's money first and which euros each amount is in; state the key assumptions (the return before and after the freedom age, the inflation, and that the money is made to last to age 100) and which figures, of the rates and of the change, were the planner's defaults. Quote the figures, notes and warnings as given. Nothing here is advice: when asked "should I?", show what the numbers say with and without the change instead of recommending, and do not name or rank funds, brokers, banks or companies. End every answer with the planner link, which opens the planner on these numbers with the change switched on, as the place to keep the plan and the change.

what_if_spending

Tests a different salary path from today in place of the plan's: a new job, a promotion, part-time work, or retraining with a course that costs money once. Use it when someone asks whether a job change or a pay cut is worth it, or what a raise does to when they can stop working. Ask for the new net monthly salary before calling; never assume it. Raises expected on the new path go in change.salaryRaises; without them the plan's own raises are kept. It needs everything project_savings needs: age, net monthly salary, current savings and monthly spending, in euros; ask for any not given and never guess them. As with project_savings, when this assistant is linked to the person's F2 account, leave out the numbers they have not given, and their saved plan supplies them. Pass freedomAge, raises, rates and lang exactly as for project_savings, and the change's own figures under change. Linked, a what-if the person saved in the planner can be tested by passing its name as saved, in their words; figures given under change are then laid over it for this answer only. The result compares the plan without the change and with it, at the same freedom age: the change moves how much there is and how long the money lasts, not when work stops. Present both, with all three cases each (the worst case, the middle path and the best case), today's money first and which euros each amount is in; state the key assumptions (the return before and after the freedom age, the inflation, and that the money is made to last to age 100) and which figures, of the rates and of the change, were the planner's defaults. Quote the figures, notes and warnings as given. Nothing here is advice: when asked "should I?", show what the numbers say with and without the change instead of recommending, and do not name or rank funds, brokers, banks or companies. End every answer with the planner link, which opens the planner on these numbers with the change switched on, as the place to keep the plan and the change.

what_if_career