VeriPlan Overview 6: Ten Automated Lifetime and Retirement Calculator Tools
VeriPlan Overview: Part 6 of 7
VeriPlan’s 10 financial planning tools and retirement planning calculators
Retirement Planning Calculator Tool:
With this retirement planning tool, you can set individual retirement ages for Earners 1 and 2. You can select whether or not to retire simultaneously. You can also adjust your expected ordinary living expense budget in retirement and the growth rate of those expenses. Concerning Social Security retirement calculator payments, you can set current levels of your entitlements and adjust the age at which you would first begin to receive Social Security payments. Furthermore, you can scale back the amount of your projected Social Security payments, if you wish. Finally, because much older workers can face significant erosion of real dollar wage rates, with this retirement income calculator you can adjust VeriPlan’s assumptions about real dollar wage erosion for earnings at ages over 65.
Tax-Advantaged Retirement Planning Calculator:
Your settings on this sophisticated combination retirement planning calculator, IRA retirement calculator, and 401k retirement calculator will control your projected tax-advantaged plan contributions that would be funded from your future positive net income and/or your future taxable investment portfolio assets, up to the current legal annual limits, which are user-adjustable. This retirement plan calculator tool allows you to determine the portion of your projected annual contributions that would be deposited automatically into either traditional retirement accounts or Roth IRA and other Roth retirement accounts. It also can easily handle 403b, 457, Simple, Keogh, and other types of defined contribution employer-sponsored retirement plans and pension plans.
- The Total Contribution Limitation Tool of this retirement fund calculator software allows you to set your personal limitation on overall tax-advantaged account deposits, as a percent of your future annual positive net cash flows.
- The Roth Contribution Limitation Tool of this retirement planning software allows you to set the percentage that Roth IRA and Roth 401k contributions would be of your total annual contributions into both traditional retirement accounts and Roth IRA and 401k retirement accounts. Designated Roth contributions for 403b and 457 plans can be projected, as well.
Living Expense and Retirement Savings Calculator:
This financial calculator allows you to change your current expense budget levels and future expense budgeting growth rates prior to and after retirement. VeriPlan’s budget planning worksheets also allow you to enter major planned expenses and their growth rates for any future years. You can also enter positive and negative expense adjustments and growth rates for any projection year. This education finance tool explains how VeriPlan can be used as a Children’s Education Expenditure and College Savings Tool. It also provides a section on how to use VeriPlan as a Mid-Career Education Planning Tool to model the financial trade-offs associated with returning to school for career advancement.
Real Estate Buying Calculator:
VeriPlan provides this real estate buying calculator and mortgage debt calculator for users who plan to purchase real estate in the future. For your future home purchases, this financial planning tool automatically takes into account: a) the planned purchase price, b) closing costs, c) settlement cash required, d) mortgage debt to be assumed, e) expected interim price changes, and f) subsequent expected price appreciation.
Automatic Asset Allocation Calculator:
Asset allocation strategies allows you to align the risk of your investment portfolio with your relative risk tolerance. The VeriPlan retirement investment calculator software provides five user selectable and adjustable asset management methods for your lifetime projections. Fixed, variable, and age-based asset allocation mechanisms are provided by this investment calculator tool. Re-allocations of your assets are performed automatically at the beginning of all subsequent projection years.
Investment Cost-Effectiveness Calculator:
Excessive investment costs are a huge problem for the average individual investor. VeriPlan’s automated and fully integrated financial planning calculators automatically analyze the impact of five types of investment expenses across your lifetime: 1) asset purchase fees, 2) asset management fees, 3) marketing fees, 4) securities trading costs, and 5) investment account custody fees. VeriPlan automates the comparison of your full lifetime investment costs. The VeriPlan cash flow analysis software compares the lifetime investment costs of your current financial asset portfolio to lifetime investment costs that you believe are reasonable to pay.
Historical Investment Returns Calculator:
VeriPlan’s automated “centerline” retirement planning projections are based on the very long-term, historical securities market rates of return that have been achieved in the cash, bond / fixed income, and stock / equity investment asset classes over approximately the past 75 years. You can adjust these projected rates of return, using VeriPlan’s portfolio risk investment calculator. VeriPlan’s future value calculator projections automatically deduct your taxes and investment costs from your investment asset returns. Furthermore, across your lifetime, the VeriPlan investment planning tool will automatically project the value of your real estate, property, and other assets, which are not priced currently on real-time securities markets. The VeriPlan investment planning tool will use the current fair market value and future growth rate estimates and adjustments that you provide for these real estate, property, and other assets.
Portfolio Risk Investment Projection Calculator:
VeriPlan provides two automatically combined methods to develop projections with asset class return assumptions that differ positively or negatively from VeriPlan’s “centerline” historical assumptions:
- The VeriPlan investment projection calculator Variance Tool allows you to vary asset class returns upward or downward automatically in proportion to their historical volatility or investment risk.
- The VeriPlan investment projection calculator Asset Class Return Adjuster allows you to vary investment portfolio growth rates automatically on a one-by-one basis.
The VeriPlan retirement investment calculator software also provides a Current Portfolio Revaluation Tool to help users understand the potential effects of substantial near-term changes in securities market values.
Portfolio Safety Investment Calculator:
Individual investors face a dilemma. Both less risky and more risky investment strategies may not achieve desired results for different reasons. When assessing investment strategies with different risk levels, it can be helpful to understand how the “safer” portion of your investment portfolio assets might evolve across your lifetime. VeriPlan’s Portfolio Safety Tool automatically projects how long your cash and shorter-term fixed income assets would cover your projected expense budget, if all your expected income sources ceased. This investment planning calculator tool automatically measures your projected financial capacity to weather financial planning risks that might materialize in the future.
Future Debt Calculator:
Excess consumption and the attendant costs of debt can be very destructive. This debt management calculator allows you to set an interest rate for future unfunded consumption. VeriPlan automatically accumulates an unfunded debt with unpaid interest, when your projected expense budget exceeds your projected income and your cash, bond / fixed income, and stock / equity investment assets are projected to be fully depleted. If subsequent positive net income becomes available, VeriPlan will automatically retire some or all of this unfunded consumption debt.
Regarding any current loans that you have, VeriPlan’s loan calculator automatically repays required interest and principal. You can also use this VeriPlan facility as a debt management calculator to analyze and plan for the accelerated repayment of any or all of your current loans.
Personal Financial Planning Software for Individuals
- VeriPlan Overview 4: Your Investment Portfolio Projections (VeriPlan Retirement Investment Calculator Overview: Part 4 of 7
Your investment portfolio and assets in VeriPlan
For each of your current investment portfolio asset holdings, the VeriPlan investment calculator software collects information about your share ownership amounts, values per share, investment costs, account taxability, and expected taxable capital gains distributions. The VeriPlan financial investment calculator automatically projects [...])
- Asset Allocation Calculator (Understand how your lifetime investment asset allocation strategy would affect the growth of your financial asset portfolio
Your tolerance for investment risk is a relative concept -- rather than an absolute concept. Your tolerance for investment risk is relative to the investment risk tolerance of all other investors. Few people like investment risk, but some can [...])
- 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 [...])
- Fixed Income Investing (Use the best bond investment calculator to understand the projected value of your bond and fixed income assets across your lifetime
To develop your lifetime and retirement calculator projections using VeriPlan's compound investment calculator software, you can enter as many as 24 separate bond and fixed income asset holdings. For each of your current bond and [...])
- Retirement Investment Calculator (Project your lifetime investment assets using a sophisticated, do-it-yourself retirement investment calculator
VeriPlan's lifetime compound investment calculator retirement software develops customized scenarios that are based on your current personal financial situation and on your goals and objectives for the future. VeriPlan is a sophisticated and fully integrated future value investment calculator that automatically projects the year-by-year [...])
- Whole stock market investments versus strategy skews (Whole stock market investments versus investment strategy skews
Investors who decide to pursue passive equity index strategies still have a few very important strategy decisions to make. They can choose to buy the whole stock market or to adopt a “strategy skew,” when choosing stock index investment funds.
If an investor buys the whole stock market, they [...])
- Diversification and the credit crisis (The best personal investment and financial planning practices are durable and should not change because of market cycles and financial crises.
Less diversified active strategies tend of be sub-optimal, involving greater portfolio volatility and risk accompanied by higher costs in term of expenses, taxes, time commitment, and stomach acid. The best investment strategy is to seek [...])
- Roth IRA Conversion Calculator (Best Roth Conversion Calculator
This is the first part of a three-part article on Roth retirement account contributions, Roth IRA contribution calculators, and traditional IRA to Roth IRA conversion calculators and strategies.
Part 2) Evaluating Roth IRA Conversions --->
Part 3) Roth IRA Calculators --->
The Roth IRA Conversion Media Storm
The Roth IRA conversion and designated Roth 401k conversion [...])
- Protect Your Financial Security (The Only Real Protector of Your Financial Security Is You!
Reduce the Chances of Mail Theft
Never leave any outgoing financial letters containing checks or sensitive information outside in public for the postman. To receive mail, you should have a mail drop slot rather than a mailbox on the outside of the house. Always mail your financial [...])
- Financial Planning and Identity Theft Prevention (Financial Planning Security and Identity Theft Prevention
You should take the potential for financial identity theft very seriously, as a threat to your financial security. Identity theft can sometimes entail loss of your financial assets, whether small or large. However, very often it requires taking a very large amount of your time to rectify an identity [...])
- Guard Your Credit from Financial Identity Theft (Guard Your Credit in the Event of Financial Identity Theft
Without becoming a victim of identity theft, you can get a free credit report from each of the three credit reporting agencies once a year. Federal law requires the three major credit reporting agencies to provide these free reports annually. To satisfy their obligations, Equifax, Experian, [...])
- 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, [...])
- 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 [...])
- IRA, 401k, and Roth IRA Retirement Planning (Deciding between traditional retirement plan contributions and Roth retirement plan contributions
Whether or not to make investments into "traditional" tax-advantaged employer accounts and IRAs versus investing in "Roth" tax-advantaged employer accounts and personal IRAs is never a straightforward nor simple financial planning decision. The decision on the trade offs happens to be one of the most [...])
- 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 [...])
- Instead of non-traded REITs, buy publicly-traded REIT index mutual funds and ETFs (Publicly-traded REIT index mutual funds and ETFs add can add far more cost-effective real estate exposure to your portfolio
If you really need to add real estate securities to your portfolio, the most sensible way to do so is to buy very low cost REIT index mutual funds or ETFs. This article will overview why and [...])
- Lifetime Income Projections (Understand your lifetime projected income from multiple sources after state and federal income taxes
VeriPlan's saving for retirement calculator software projects each of your income sources separately. Plus, it separately projects wage and salary and self-employment earnings for two different earners. With this sophisticated retirement savings calculator, you can control the growth for any income source [...])
- 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 [...])
- Home Buying Calculator (Plan the future purchase of homes with a sophisticated home buying calculator
VeriPlan's fully integrated and automated financial calculators and financial software tools deliver financial planning power to the individual. VeriPlan's home buying calculator tool automates the lifetime financial planning process associated with future residential home purchases. VeriPlan's home buyer calculator functionality automatically take into [...])
- 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 [...])
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