From
www.theskilledinvestor.com, the home of VeriPlan, the do it yourself financial planning calculator for lifetime budgeting, savings, investing, taxes, and retirement
VeriPlan Overview 1 -- Personal finance decisions with VeriPlan
Category : VeriPlan Overview
Personal Users VeriPlan helps self-directed personal users
to understand the possible future implications of current financial planning behaviors.
VeriPlan projections model the lifecycle finances of one or two adult users and
their dependents. Any family member who resides in the same household may use
VeriPlan.
Advisory Users VeriPlan is a valuable tool for financial advisors who serve the
fiduciary interests of their financial planning clients. Advisors can obtain a right-to-use
VeriPlan on behalf of their clients, when they provide VeriPlan to their
clients.
Career:
- What are the long-term economic benefits of
changing positions or employers?
- Would returning to school to
improve my career skills make economic sense?
Debt:
- What tradeoffs are associated with
accelerating mortgage loan payments or other debt repayments?
Education:
- Will I be have enough college savings to pay for my children’s education?
Estate:
- How could my savings rate and investment
strategy affect the size of my estate?
- After my living expenses, how much
could I give or bequeath to family and charities?
Insurance:
- How large might my exposures to insurable financial risks
be over time?
- How might different budgets for insurance
premiums affect my lifecycle financial plan?
Investment Costs:
- What investment returns might I earn net of investment costs?
- How much could I waste on unproductive
investment costs?
- How might I optimize my investment returns, while keeping costs to a minimum?
Investment Returns:
- How does my current investment strategy compare with a
scientific strategy focused on long-term, risk-adjusted
returns net of investment costs and capital gains tax?
Investment Risk:
- What returns might I expect from the balance of
expected investment returns and investment risks that I have chosen?
- Am I saving enough to stay in my investment
risk and return comfort zone and still reach my financial planning goals?
- If I were to lose income in the
future, how long would my liquid investment portfolio assets cover my projected expense budget?
New Business:
- What are the likely long-term benefits and risks, if I forego
current income to start a business?
- Could I self-fund my business venture
or would I need external capital?
Real Estate:
- When will I have sufficient capital for a real estate purchase?
- How would increased mortgage debt
affect my investment portfolio and other financial goals?
Retirement:
- Would I have sufficient investment assets to retire early?
- Would my investment assets be adequate to
cover my expenses, if I live a very long time?
- What is a relatively safe asset portfolio withdrawal
plan?
Savings:
- Am I saving at a sufficient rate to fund all our
future financial planning goals?
- How much benefit might I expect
from increasing my income and/or reducing my expense budget?
- What
is the long-term value of
saving most of my
bonus?
Taxation:
- Am I managing my investments from an income tax efficiency standpoint?
- How much should I put into either taxable, traditional retirement accounts, or Roth retirement accounts?
- Would my retirement portfolio assets be
adequate after my income taxes and other taxes are paid?
© Copyright 2005, 2006, or 2007 - Lawrence Russell and Company, All rights reserved worldwide.
The particular year of the copyright will depend upon the year of first publication.
"The Skilled Investor", "Skilled Investor", "VeriPlan", "Personal Finance Software for Your Lifetime", "Do it Yourself Financial Planning", and "Your Personal Financial Lifecycle Planner" are trademarks of Lawrence Russell and Company. All other trademarks and service marks are the properties of their respective owners.
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.