VeriPlan Overview 1: Personal Finance Decisions
VeriPlan Overview: Part 1 of 7
Improving personal finance decisions with VeriPlan
VeriPlan gives you significant personal insight into your most important personal finance and investment portfolio decisions. Through comprehensive and customized lifetime projections, VeriPlan’s integrated financial calculators and investment calculators model your particular financial situation across your adult lifetime. VeriPlan projects fully integrated scenarios about your income, expense budget, debts, investment portfolio assets, investment returns, and investment costs within the context of the U.S. federal, state, and local income taxes that apply to you. VeriPlan presents all your personal lifetime financial modeling information in clear graphics and data tables.
You can easily customize any of your personal data and settings in VeriPlan. After you make any modification, VeriPlan’s financial calculators and investment calculators automatically and instantaneously revise your complete lifetime projection. As you use VeriPlan’s rich set of fully integrated “what if” financial modeling tools, you take control of your own financial, investment, and retirement planning.
Personal Users: VeriPlan helps self-directed personal users to understand the possible future implications of current financial planning behaviors. VeriPlan projections model the lifetime finances of one or two adult users and their dependents. Any family member who resides in the same household may use VeriPlan.
Advisory Users: VeriPlan is a valuable tool for financial advisors who serve the fiduciary interests of their financial planning clients. Advisors can obtain a right-to-use VeriPlan on behalf of their clients, when they provide VeriPlan to their clients.
VeriPlan can help you to analyze important personal finance decisions, including:
- What tradeoffs are associated with accelerating mortgage loan payments or other debt repayments?
- Will I be have enough college savings to pay for my children’s education?
- How could my savings rate and investment strategy affect the size of my estate?
- After my living expenses, how much could I give or bequeath to family and charities?
- How large might my exposures to insurable financial risks be over time?
- How might different budgets for insurance premiums affect my lifecycle financial plan?
Investment Cost Reduction:
- What investment returns might I earn net of investment costs?
- How much could I waste on unproductive investment costs?
- How might I optimize my investment returns, while keeping costs to a minimum?
- How does my current investment strategy compare with a scientific strategy focused on long-term, risk-adjusted returns net of investment costs and capital gains tax?
Investment Risk Management:
- What returns might I expect from the balance of expected investment returns and investment risks that I have chosen?
- Am I saving enough to stay in my investment risk and return comfort zone and still reach my financial planning goals?
- If I were to lose income in the future, how long would my liquid investment portfolio assets cover my projected expense budget?
New Business Ventures:
- What are the likely long-term benefits and risks, if I fore-go current income to start a business?
- Could I self-fund my business venture or would I need external capital?
Personal Career Planning:
- What are the long-term economic benefits of changing positions or employers?
- Would returning to school to improve my career skills make economic sense?
- Could starting a business lead to both entrepreneurial and financial success?
Real Estate Planning:
- When will I have sufficient capital for a real estate purchase?
- How would increased mortgage debt affect my investment portfolio and other financial goals?
- Would I have sufficient investment assets to retire early?
- Would my investment assets be adequate to cover my expenses, if I live a very long time?
- What is a relatively safe asset portfolio withdrawal plan?
- Am I saving at a sufficient rate to fund all our future financial planning goals?
- How much benefit might I expect from increasing my income and/or reducing my expense budget?
- What is the long-term value of saving most of my bonus?
- Am I managing my investments from an income tax efficiency standpoint?
- How much should I put into either taxable, traditional retirement accounts, or Roth retirement accounts?
- Would my retirement portfolio assets be adequate after my income taxes and other taxes are paid?
Personal Financial Planning Software for Individuals
- Protect Your Financial Security (The Only Real Protector of Your Financial Security Is You!
Reduce the Chances of Mail Theft
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This article provides information about low cost ETFs, which account for only a few percent of the thousand plus ETFs and other exchange-traded products (ETPs) available to US investors. This article covers certain topics related to ETFs that are important to the investor who intends to use very low cost [...])
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“Buyers Guide [...])
- Long-term compounded real dollar and inflationary returns for the U.S. cash, bond, and stock asset classes (Long-term U.S. cash, bond, and stock asset class compounded returns
Many investors would like to have a better understanding of long-term historical investment returns, so that they can have a more realistic understanding of what investment returns might be in the future. This article informs interested investors about historical inflationary and real dollar returns for the [...])
- Non-traded REITs – relatively lousy investments (Research demonstrates that excessive expenses, conflicts of interest, and lack of markets cause non-traded REITs to be inferior investments
Research reports clearly show that non-traded real estate investment trust (REIT) securities are lousy investments. They are lousy, because an investor always has the alternative to invest in publicly traded individual REITs and REIT mutual funds and [...])
- Evaluating Roth IRA Conversions (Evaluating Roth IRA Conversions
This is the second part of a three-part article on Roth conversions, including information about Roth IRA conversion calculators and Roth IRA investment calculators. This article could help you to make a more informed decision about your family's Roth investment strategy. Key to you making a better decision about your lifetime Roth [...])
- Best Investment Strategy (Personal investing seems incredibly complex, but the best investment strategy also tends to be a more simple investment strategy
The complexity of personal investment management is driven by the nature of investing in securities that have uncertain and unknowable future values. Nobody -- amateur or professional -- has a working crystal ball that can predict future [...])
- Monthly Budget Planner Worksheet (Monthly budget planner worksheet
VeriPlan is the best personal financial planning software for individuals and families who want to develop a comprehensive lifetime financial plan. VeriPlan also includes a monthly budget planner worksheet covering 24 months.
Expense tracking, expense budgeting, and budget variance spreadsheets
This monthly expense planner covers 24 months and allows you to define your [...])
- VeriPlan Overview 2: Organization and Graphics (VeriPlan Overview: Part 2 of 7
A well-organized lifetime financial planning application with extensive color graphics
The VeriPlan personal finance software provides thirty-four user accessible worksheets organized into groups that have the same colored tabs. VeriPlan provides extensive internal and external hyper-linking to help you to get around quickly. VeriPlan’s primary worksheet groupings and the number of [...])
- Tax-Advantaged Retirement Investment Planning (Tax-advantaged retirement savings plans
You may have the opportunity to make investments into both individual retirement accounts (IRA) and into employer or self-employed tax-advantaged retirement plans, such as a 401k, 403b, 457, Keogh, Simple, or other employer sponsored retirement plan. In general, if your net wage and salary earnings after living expenses will provide enough free [...])
- Municipal Bonds and Marginal Income Tax Rates (Municipal Bond Investments and Marginal Income Tax Rates
Some investors hold municipal bonds in an attempt to reduce their tax burden. This article discusses the relationships between tax-exempt municipal bonds, marginal tax rates, and investment asset tax location.
An investor’s marginal tax rate is important, when making tax-related investment portfolio decisions. By combining your federal, state, and [...])
- Savings and Withdrawal Rates (Understand how your current savings rate and retirement withdrawal rate would affect all of your lifetime personal financial planning goals
Along with your efforts to increase your earned income, your personal savings rate largely determines your lifelong financial planning success or failure by steadily and more substantially feeding your investment portfolio. The attempt to be clever [...])
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For the full article, either click the title above or paste this address into your browser:
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- Fixed Income Investing (Use the best bond investment calculator to understand the projected value of your bond and fixed income assets across your lifetime
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- Too few low cost mutual funds and ETFs (Too few low cost mutual funds and ETFs – Far too many high cost funds
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- 401k Fees and Expenses (401k Fees and Expenses
Finding information about the costs of employer-sponsored defined contribution plans is difficult, because for years weak regulations have allowed the financial industry to obscure these costs and gouge millions of retirement plan participants. This has made it difficult for both employers and plan participants to understand the true costs of these retirement [...])
- 2013-12: December 2013 What Works in Personal Finance Newsletter (
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Concentrated holdings increase portfolio risk
For the full article, either click the title above or paste this address into your browser:
A significant portion of a portfolio may sometimes become concentrated in a single investment entity, which dramatically increases the overall risk of the portfolio. For 99.9+% of investors, there is absolutely no good reason [...])
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- 2013-10: October 2013 What Works in Personal Finance Newsletter (
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Identity Theft Protection and Prevention
This is the web address of this article:
As a threat to your financial security, you should take the potential for identity theft very seriously. Identity theft sometimes entails a loss of your money. However, whether or not you lose money, identity theft usually takes a very large amount of [...])
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