Find the Best Combined Lifetime Financial Planning Software and Retirement Planning Software
In this series of short articles, The Skilled Investor compares the functionality of the Quicken and VeriPlan financial lifecycle planners. At the bottom of this article you will find links to the previous topic and the next topic. A link is also provided that returns you to the main topic listing of this comparison.*
VeriPlan Personal Financial Lifecycle Planner
While you are employed, VeriPlan automatically applies Social Security (FICA) and Medicare taxes, and projects both employee or self-employment tax rates and limits, as appropriate. When you are retired, VeriPlan automatically calculates taxes on Social Security retirement payments, if taxes are applicable. (See: VeriPlan projects your US federal state and local lifecycle taxes)
Quicken Retirement Planner
The Quicken Retirement Planner has similar functionality related to deductions from current income. However, in retirement the Quicken Retirement Planner does not take into account taxes on Social Security income that may vary by income level, because it applies a single average tax rate assumption to all income and asset distributions.
<< Previous Topic* Lawrence Russell and Company is the publisher of The Skilled Investor and the developer of VeriPlan. The Skilled Investor has made an attempt to characterize factually the functionality of both the Quicken Retirement Planner and VeriPlan.
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