Web app
Personal CFO
Torv is a personal finance tool that computes financial statements, tax optimization, and retirement planning from tax law and your own numbers. It is for individuals who want precise, forecast-free answers about their money.
- Platform
- Web app
- Categories
- AI Product Description Generator
- Indexed
- 2024-02-19
About Personal CFO
What is Torv
Torv is a personal finance application that answers two questions: where your money is going and what you should do. It computes financial statements that reconcile to the penny, a 50-state tax engine, and a retirement optimizer. Unlike other tools, Torv makes no market predictions; every output is derived from current tax law and your inputs. It is built by a finance PhD and professor, and the free tier includes all calculators with no login required.
Key features
Torv offers a suite of free tools including a Retirement Planner, Tax Refund Estimator, Tax Brackets, 401(k) Optimizer, Roth Conversion, and Capital Gains Tax. The engine computes your real marginal rate, accounts for IRMAA, ACA subsidies, and the Social Security torpedo. It also provides a full 1040 breakdown line by line for federal and state. The paid subscription adds bank and investment account syncing, automatic categorization, and spending analysis, with statements that reconcile to $0.
Use cases
Torv is useful for individuals who want to understand their true tax situation, optimize retirement savings, and plan Roth conversions. It helps with Social Security claiming decisions and withdrawal sequencing. The tool is also educational, teaching users about the impact of fees and the complexity of the tax code. It is designed for those who want precise, data-driven answers without relying on market forecasts.
Pricing
Torv offers a free tier with all calculators and no login required. The paid subscription is $59.99 per year, which includes account syncing, reconciled statements, and spending analysis. The subscription is the entire business model, with no ads or data sales. The free tier is comparable to budgeting apps that cost $109–200 per year, but Torv adds planning and optimization features.
Questions
Personal CFO FAQ
- What is Personal CFO?
- Personal CFO is an AI tool available as a web app in the AI Product Description Generator category. Torv is a personal finance tool that computes financial statements, tax optimization, and retirement planning from tax law and your own numbers. It is for individuals who want precise, forecast-free answers about their money.
- What is Personal CFO used for?
- Personal CFO is filed under AI Product Description Generator in the AITOOLIST index. Torv is a personal finance tool that computes financial statements, tax optimization, and retirement planning from tax law and your own numbers. It is for individuals who want precise, forecast-free answers about their money.
- Is Personal CFO a web app, an extension or a native app?
- Personal CFO is a web app.
Listed in the AITOOLIST index since 2024-02-19.