Going Back to College
Evaluate the financial trade-offs associated with mid-career education
VeriPlan’s personal financial planning software helps you to evaluate the financial trade offs associated with mid-career education and going back to college. VeriPlan’s personal finance software helps you to determine whether your current personal earnings, savings rate, and investment strategy could lead to a sustainable personal financial plan over your lifetime. VeriPlan’s sophisticated and fully integrated personal financial management software also enables you to test how earning, spending, and saving more or less would affect the viability of your financial plan in the future.
In addition to projecting your ordinary living expenses across your lifetime, VeriPlan’s extensive future value calculator functionality also lets you plan for major expenditures, including mid-career education costs, which are intended to increase your lifetime career earnings potential. A separate section of VeriPlan’s Expense and Savings Tool provides a detailed example of how to use VeriPlan’s personal finance software as a Mid-Career Education Planning Tool to model the financial trade-offs associated with going back to college or graduate school for career advancement.
When you use VeriPlan as a mid-career education planning tool, you can:
- Experiment with changes to your future earnings potential, including different future earned income growth rates
- Model any earned income lost or any changes in your living expenses, during your return to school
- Grow your future educational expenses at rates that may equal or differ from expected inflation
- Offset expected education costs by any anticipated employer tuition reimbursement, scholarships, and educational loans
Personal Financial Planning Software for Individuals
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All mutual funds and ETFs are not created equally. Most are created to serve the business interests of the financial industry rather than to deliver investment vehicles that are likely to serve the best interests of individual investors.
Do not purchase any mutual funds or ETFs through [...])
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The 2017 version:
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2) Updates tax information related to traditional and Roth tax-advantaged IRA and employer-sponsored retirement plan contributions and withdrawals.
3) Updates user adjustable historical asset class returns, inflation, [...])
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- 2014-02: February 2014 What Works in Personal Finance Newsletter (
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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 [...])
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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 [...])
- 2013-12: December 2013 What Works in Personal Finance Newsletter (
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A significant portion of a portfolio may sometimes become concentrated in a single investment entity, which dramatically increases the overall risk of the portfolio. While generally undesirable, there sometimes are unavoidable reasons for investment concentration. Unavoidable reasons for lack of diversification can include owning a private business or being [...])
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VeriPlan can easily be used to analyze whether it is worth returning to school to improve one's earnings capacity. The following example explains the steps to take to analyze the value of obtaining additional education to further one's career by using VeriPlan as and education financial planning [...])
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