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 retirement planning tools enable you to set and adjust your intended retirement ages. You can vary the planned retirement ages of either earner and plan to retire simultaneously or in separate years, when each earner reaches his or her planned retirement age. The VeriPlan retirement income calculator also supports user-adjustable real dollar income assumptions for persons who choose to continue to work beyond the normal retirement age.
Automated tax-advantaged retirement account projections
VeriPlan has automated the development of your lifetime projections by incorporating current tax laws and rules associated with tax-advantaged retirement investment incentive programs such as traditional IRA, Roth, 401k, 403b, SEP, Keogh, and other retirement plans. While simultaneously providing powerful “what-if” user retirement planning controls, the VeriPlan’s IRA retirement calculator and 401k retirement calculator functionality hides the complexity of the tax laws that are associated with these various personal retirement plans and employer-sponsored retirement plans.
For example, the VeriPlan IRA retirement calculator has fully automated the projection of your IRA contributions, deductions, asset growth, withdrawals, and taxes, regarding both traditional IRA accounts and Roth IRA accounts. VeriPlan also automatically projects required minimum distributions from traditional tax-advantaged accounts after age 70 and 1/2. If your projections indicate that you would need to take early withdrawals before age 59 and 1/2, the VeriPlan early retirement calculator automatically projects and extracts both ordinary income taxes and any federal and state early withdrawal penalties due, net of your tax basis is these accounts.
This is a sample of the VeriPlan lifetime retirement calculator graphic that shows projected balances in taxable investment accounts, traditional tax-advantaged retirement accounts, and Roth retirement accounts. This graphic, as well as all the others, is automatically developed for every lifetime planning scenario that you develop with VeriPlan:
Retirement pension and annuity projections
VeriPlan’s integrated retirement calculator with pension and retirement annuity calculator features will automatically track up to 10 pensions and annuities for you and your spouse across your lives. VeriPlan automatically projects for you the duration of your pension payments and annuity payments, whether your payments begin at you projected retirement date or a different age.
VeriPlan’s retirement annuity calculator and retirement pension calculator features automatically project taxes on your pension and annuity payments by integrating them into VeriPlan’s extensive federal, state, and local income tax projection functionality. Furthermore, the VeriPlan retirement spending calculator allows you to vary the purchasing power of your expected pension and annuity assets and payments relative to inflation both before and after payments begin.
VeriPlan’s comprehensive personal financial planning software automates the analysis of your retirement savings and Social Security income
With the VeriPlan retirement withdrawal calculator, you can adjust your expected ordinary living expense budget in retirement and set the growth rate of your retirement budgeting expenses. You can use VeriPlan’s Expense and Savings Tool to model additional retirement expenses that you might anticipate on a year-by-year basis. You can grow your budget for additional retirement expenses at rates that are below, above, or equal to expected rate of inflation. Furthermore, the integrated VeriPlan retirement investment calculator automatically projects your required annual lifetime investment portfolio asset withdrawal rates for you.
Concerning your Social Security retirement payments, with VeriPlan’s integrated Social Security retirement calculator, you can set current levels for those entitlements. You can adjust the age at which you would begin to receive Social Security payments, which could differ from the age that you actually stop working. Furthermore, VeriPlan allows you to scale back your Social Security payment expectations, given the significant uncertainty that surrounds the funding viability of the U.S. Social Security system.
Personal Financial Planning Software for Individuals
- Buying low cost mutual funds and ETFs (Do your mutual fund and ETF investment research – and do it BEFORE you buy
Screened mutual fund and ETF lists are very helpful to any investor who wishes to focus on low cost mutual funds and ETFs. However, this is just the beginning of the investment process and not the end. Always understand any security [...])
- 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 [...])
- Are ETF expenses really lower than mutual funds? (Are ETF management expenses really lower than mutual fund management expenses?
Yes and no. When you look at the full range of ETF management expense ratios, you find the most ETFs have a management expense ratio under 1% per year. In contrast, the average expense ratio for mutual funds exceeds 1%, so obviously the majority mutual [...])
- 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 [...])
- VeriPlan Overview 3: Your Income and Debt Projections (VeriPlan Overview: Part 3 of 7
Your income and debts in VeriPlan
The VeriPlan financial planning software with its wide variety of fully integrated financial calculators and investment calculators uses your inputs about your financial situation and investment portfolio to develop your current projection baseline. VeriPlan collects the following personal financial information:
Your Initial Ages:
VeriPlan is a lifetime projection [...])
- Investment Risk Tolerance Questionnaire (Investors with different appetites for investment risk tolerance are more satisfied with investment portfolio risk exposures that are more in line with their ability to cope with investment financial risk and rewards.
Investors who are more risk-averse are more satisfied with a less risky investment asset allocation – regardless of lower expected investment returns or the [...])
- Lifetime Savings Rate Calculator (Understand the current savings rate that is sufficient to meet your lifetime personal savings needs
If wealth were to be measured solely as assets currently owned, then financial and investment planning would be relatively simple. However, a much broader view is necessary. While higher income and more current assets obviously help, consumption differences between one person [...])
- 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 [...])
- 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 [...])
- 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 [...])
- 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 [...])
- The Value of Future versus Current Consumption (These are some thoughts that I provided to a client couple struggling to live within their means, while also saving and investing for their future:
The most important long-term topic we discussed was how you as a couple can find a way to balance current consumption, which presently exceeds your dual incomes, against the need to [...])
- 2013-11: November 2013 What Works in Personal Finance Newsletter (
November 2013 Newsletter
You are a financial industry profit center
For the full article, either click the title above or paste this address into your browser:
Why allow the financial industry to help itself to your money? In case you did not notice, the financial services industry has not done the world any favors lately. The financial industry [...])
- 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 [...])
- 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 [...])
- 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 [...])
- 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 [...])
- 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 [...])
- 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 [...])
- How to Use the VeriPlan Comprehensive Financial Planner (Developing a Family Financial Plan with VeriPlan
VeriPlan is personally customizable financial planning software that helps you develop your own comprehensive lifetime financial and investment plan for your family. Functioning as financial decision support software, it automates millions of integrated projection calculations behind the scenes. With VeriPlan you can improve your financial decision-making, because you are [...])
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