Automated RMD Calculation and Management Tool

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Automated RMD Calculation and Management Tool

Inspired by a conversation on:

ChooseFI

ChooseFI

Safe Withdrawal Rates, Drawdown Strategies, RMDs and 50 Year FI Timelines

Host: Brad Barrett

Timestamp: 00:36:16 - 00:38:00

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Feather Flow

Direct Quote

"You can still play strategies around should I spend more for my Roth?"

Market Gap

Retirees find it challenging to manage RMDs alongside withdrawal strategies.

Navigating the complexities of Required Minimum Distributions (RMDs) can be daunting for retirees, especially when trying to integrate them into their overall withdrawal strategies. Many retirees have to manage multiple accounts, including pre-tax, taxable, and Roth accounts, which complicates the decision-making process. Current tools often do not provide comprehensive solutions that account for the unique tax implications and spending needs of retirees. Failing to effectively manage RMDs can lead to higher tax liabilities and inefficient spending strategies, negatively impacting long-term financial sustainability. Additionally, retirees often lack clear guidance on how to balance RMDs with their other income sources and expenses, which can create unnecessary stress and confusion.

Summary

Develop an automated tool that helps retirees calculate their RMDs and integrate those calculations into their overall financial planning. The tool would allow users to input their account types and balances, providing real-time RMD calculations and recommendations on how to manage their withdrawals effectively. It could also offer insights on optimizing tax implications and suggest spending strategies that take into account both RMDs and other income sources like Social Security. By simplifying the RMD management process, this tool would empower retirees to make informed decisions, reduce tax burdens, and enhance their retirement planning efforts. A subscription or one-time purchase model could be utilized for monetization.

Categorization

Business Model
SaaS
Target Founder
Technical
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Scores

Clarity
8/10
Novelty
7/10
Feasibility
7/10
Market Potential
8/10
Evidence
6/10
Overall
7.2/10
Found on September 8, 2025 • Analyzed on September 8, 2025 7:34 AM

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How should I validate this saas idea before building it?

2:34 PM

Great question! For a saas idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Technical to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your medium difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 3-6 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available $1,000-$10,000
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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