In preparing to meet with a financial advisor today, I was scrambling around to create a comprehensive inventory of our financial assets. It shouldn't have been that hard but I did have to do some amount of digging around. Now that I have the skeleton of an inventory, what tools should I use to fill out the outline and keep it up to date? Are there tools that will keep a financial inventory up-to-date automatically? I will work through the list at Tools and calculators - Bogleheads in search of such tools.
Let me tell you what perplexity.ai writes in response to the paragraph above:
Keeping a comprehensive inventory of your financial assets up-to-date
can indeed be a challenging task. However, there are several tools
available that can help you manage your financial inventory and keep it
updated automatically.
Portfolio Management Apps: Apps like Empower (formerly Personal
Capital), SigFig Wealth Management, Sharesight, and Yahoo Finance
can help you manage your financial portfolio. These apps can sync
with your existing accounts, providing real-time information on all
your investments in one place. They offer features like tracking
your net worth, creating a savings plan, tracking performance, asset
allocation, and fees with easy-to-read graphs and charts. Some of
these apps also offer automated investing for a fee, optimizing your
portfolio and providing daily monitoring to keep it on track with
rebalancing, dividend reinvestment, and tax-efficient
strategies refBudget Apps: Apps like Mint, YNAB (You Need A Budget),
Goodbudget, EveryDollar, and PocketGuard can help you manage your
budget and track your spending. These apps can sync with your
financial accounts, track spending, and categorize expenses so you
can see where your money is going. Some of these apps also offer
features like setting up alerts when you have exceeded your budget
in various categories, establishing goals, scheduling payments, and
reviewing your
investments refBogleheads Tools and Calculators: The Bogleheads website offers
a variety of tools and calculators that can help you manage your
financial inventory. These include tools for backtesting, Monte
Carlo simulation, tactical asset allocation and optimization, and
investment analysis. There are also tools for maintaining your
portfolio, computing and comparing tax costs, and modeling virtually
every aspect of a retiree\'s financial life. Some of these tools are
spreadsheets that you can download and use to manage your financial
inventory ref, refCredit Card Tracker Apps: If you have multiple credit cards,
apps like TPG To Go, Spending Tracker, Mint, Bill Tracker, and
Credit Card Manager can help you manage your credit cards. These
apps can track your spending, set reminders for bill payments, and
even recommend which card to use for a particular purchase to
maximize
rewards refDebt Reduction Software: If you have debts, software like
Quicken can help you manage and reduce your debts. This software can
provide a comprehensive view of your financial situation, including
your debts, and help you create a plan to reduce your
debts ref