From www.theskilledinvestor.com, the home of VeriPlan, the do it yourself financial planning calculator for lifetime budgeting, savings, investing, taxes, and retirement
VeriPlan's personal financial planning software helps you to evaluate the financial tradeoffs associated with mid-career education
Category : How VeriPlan Helps You To Plan Your Lifecycle Finances
Published by The Skilled Investor on Nov/27/2006



VeriPlan's personal financial planning software helps you to evaluate the financial tradeoffs associated with mid-career education


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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 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 tradeoffs associated with attending or returning to college or graduate school for career advancement. When you use VeriPlan as a mid-career education planning tool, you can:

1) experiment with changes to your future earnings potential, including different future earned income growth rates

2) model any earned income lost or any changes in your living expenses, during your return to school

3) grow your future educational expenses at rates that may equal or differ from expected inflation

4) offset expected education costs by any anticipated employer tuition reimbursement, scholarships, and educational loans

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DISCLAIMER: This information is solely for your personal household finance purposes and is subject to the Terms of Use. It does not constitute financial, investment, or retirement planning advice. It is not a solicitation or offer to sell advisory services in any jurisdiction. You should seek professional advice, if you need help with budgeting, savings, investing, asset allocation, or asset management, including help in analyzing calculator returns, discounted cash flow, compound interest growth, return on investment, net present value, future values, net worth, or any other output of our calculators.