Debt Payoff Software
Decide whether accelerated mortgage debt and other accelerated loan repayments make sense for you
The VeriPlan personal finance software allows you to evaluate different loan payoff strategies across your lifetime financial plan. You can model higher monthly payments that accelerate the repayment of any particular loan or all loans. VeriPlan will automatically shift some of your positive net earned income cash flow toward accelerated debt repayment and away from additional cash, bond, and stock investment portfolio assets.
VeriPlan’s fully integrated mortgage calculator, loan calculator, and debt payoff functionality functionality can automatically project interest and principal payments on up to 25 of your currently outstanding loans.
The VeriPlan lifetime personal financial planner will continue to deduct interest and principal payments from your projected annual after tax cash flow for as long as any unpaid principal on these debts would remain. VeriPlan’s debt payoff software handles mortgages, lines of credit, bank loans, student loans, revolving credit arrangements, credit cards, or other types of loans.
Test the overall impact of accelerated debt repayments within the context of your full lifetime income, expense budget, assets, and taxes.
For example, VeriPlan automatically takes into account the tax deductibility of your property tax payments and your mortgage and real estate line of credit interest payments, when it projects your federal income taxes, state income taxes, local income taxes, and property taxes.
People usually consider the question of accelerating debt repayments, when they expect to have steady positive net income or cash flow to cover their debt repayments. The VeriPlan personal financial planner does not require this. VeriPlan can automatically project the financial impacts of minimum required loan repayments and/or accelerated debt elimination payments on a loan by loan basis over multi-year periods with fluctuating positive and negative annual cash flows.
Furthermore, if your projected cash flow in any projection year would not be sufficient to meet either your required or accelerated debt payoff strategy, then VeriPlan would draw down your projected cash, bond, and equity assets. As required, VeriPlan would automatically project the liquidation of your projected financial assets in proportion to your chosen investment portfolio asset allocation.
VeriPlan is the most comprehensive, integrated, and automated financial planner and debt payoff software application that is available for personal use. It can easily help you to make better, more optimal financial decisions that take into account your full lifetime financial plan.
VeriPlan’s “Debt Payments” graphic provides a full lifetime picture of your annual debt payment obligations.
VeriPlan Debt Payments graphic, which is developed automatically for every projection, projects your annual debt repayment obligations according to your settings on VeriPlan’s ‘Your Debts’ worksheet. On VeriPlan’s ‘Your Debts’ worksheet, you also classify your debts as consumption-oriented or investment-oriented. Consumption-oriented debts represent past consumption that you have financed. Investment-oriented debts are those you take on with a rational expectation that they will enhance your human capital and/or portfolio assets.
The sample graphic below shows a projection for “Sue and Sam Saver”. In this scenario, VeriPlan projects that Sue and Sam would pay off their debts by their mid-60s. However, since their cash, bond, and stock assets would be gone in their mid-90s, VeriPlan would automatically accrue an unfunded consumption debt thereafter. Even though their financial assets are gone, but their living expenses would continue. (They might have other assets, such as real estate property, that could help them to avoid this future debt.)
Personal Financial Planning Software for Individuals
- 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 [...])
- Retirement Planning Software (Automate your retirement savings and retirement planning projections
VeriPlan's comprehensive and integrated retirement planning software helps you to plan your retirement much more easily. VeriPlan's retirement planning calculator tools automate the lifetime financial planning process for your retirement income, retirement pensions, retirement annuities, Social Security payments, retirement expense budget, retirement taxes, and tax-advantaged retirement plans.
VeriPlan's integrated [...])
- Asset Allocation Strategy (Post-financial crisis commentary on tactical versus strategic asset allocation
The best individual financial planning and investment rules and practices are enduring and should not change due to market cycles or a financial crisis. This article looks at asset allocation strategy in light of the recent credit crisis.
The credit crisis was a systemic, global financial event that [...])
- 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 [...])
- 2014-02: February 2014 What Works in Personal Finance Newsletter (
February 2014 Newsletter
Diversification and the credit crisis
For the full article, either click the title above or paste this address into your browser:
The best personal investment and financial planning practices are durable and should not change because of market cycles and financial crises. Nothing that has happened in the credit crisis changes the value of broad [...])
- Measure Your Investment Portfolio Diversification (Gauge the level of your portfolio’s overall diversification with this free on-line tool
Whenever you invest in multiple mutual funds and ETFs, you may wonder how broadly and appropriately diversified your aggregate portfolio might be. Have your investment holdings and mutual funds that you have chosen increased the global diversification of your personal financial asset portfolio? [...])
- 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 [...])
- What should your lifetime IRA, 401k, and Roth contribution strategies be? (VeriPlan helps you to decide what your lifetime IRA, 401k, Roth IRA, and Roth 401k contribution strategy should be
With IRA, 401k, and other tax-advantaged retirement investment portfolio accounts, you trade off the relative value of paying federal income taxes, state income taxes, and local income taxes now versus paying them either later or never. The [...])
- 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 [...])
- Lifetime Tax Planning Software (Automatically project your lifetime federal, state, and local income taxes, capital gains taxes, property taxes, and other taxes
VeriPlan's tax calculator software automatically projects your real dollar tax obligations using current tax rates and tax limits that would apply in your particular situation. For example, regarding your income taxes and income tax rates, the VeriPlan tax [...])
- College Savings Calculator (College savings calculator software helps you to plan college savings and other education expenses for you and your children
VeriPlan's fully integrated and automated financial calculators and financial software tools help you to determine whether your current savings rate would lead to a sustainable financial plan across your lifetime.
In addition, the VeriPlan lifetime retirement planning calculator [...])
- Traditional Versus Roth IRA Decisions (Roth retirement investment strategies have a long payback period
When financial planners, investment advisers, and brokers advise their clients to convert their traditional IRA assets into Roth assets or to make annual Roth contributions rather than make alternative tax-deductible retirement account contributions, are asking for a huge leap of faith. Such proposals suggest that it would [...])
- 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 5: Federal, State, and Local Tax Projections (VeriPlan Tax Calculator Overview: Part 5 of 7
The VeriPlan retirement planning calculator automatically projects your lifetime U.S. federal, state, and local taxes
With its fully integrated lifetime retirement tax calculator and income tax estimator features, the VeriPlan personal finance software automatically projects your lifetime tax obligations in eight different tax categories. VeriPlan automatically projects your financial [...])
- Retirement tax optimization strategy (Optimal asset "tax location" strategies and drawing down traditional tax-advantaged assets, while delaying Social Security retirement payments
Investment tax location and Social Security tax optimization strategies could improve your lifetime financial plan. To understand how VeriPlan manages the automatic: A) reinvestment of positive annual cash flows from net earned income and other non-asset cash flows and [...])
- ETFs are for experienced securities traders (ETFs are for experienced securities traders with open eyes
Some of my time, I work directly with paying clients to develop comprehensive lifetime financial plans and investment plans. I always explain the virtues of a globally diversified, fully passive, very low cost, index fund investment strategy. This is consistent with this website and with my other [...])
- Too few low cost mutual funds and ETFs (Too few low cost mutual funds and ETFs – Far too many high cost funds
In screening and selecting low cost mutual funds and ETFs, you should understand this involves sorting and screening thousands of mutual funds and ETFs using databases from data vendors such as Morningstar and/or Lipper. It is shameful just how few low cost [...])
- 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 [...])
- 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 [...])
- Where to buy investment funds (Where to purchase mutual funds and ETFs
Whenever possible, low cost no load mutual funds should be purchased directly from mutual fund families that deal with the public. Otherwise they should be acquired through some other low cost channel such as a discount brokerage account. It only makes sense to purchase funds through the most inexpensive [...])
« College Savings Calculator | PERSONAL FINANCE SOFTWARE | Home Buying Calculator »