VeriPlan allows you to analyze multiple personal financial decisions simultaneously
Personal financial and investment decisions are complex, because so many different factors are in play simultaneously. When an integrated financial software application like VeriPlan is developed by people who understand scientific financial projection methods, all these different factors can be measured and automated on a modern personal computer. When the important, but gritty, details about your financial situation have been automated in the background, you can finally concentrate on evaluating alternative decisions. VeriPlan does exactly this for you. VeriPlan automates all significant financial factors that reasonably can be automated for you.
Because VeriPlan is fully integrated and fully automated, you can evaluate multiple financial decisions simultaneously. Unlike simplistic financial calculators, VeriPlan reflect all of your personal financial information and plans. VeriPlan can simultaneously and instantly compute customized projections for you using hundreds of different settings for your income, assets, debts, taxes, pensions, annuities, real estate, investment strategies, investment risk, asset allocation, etc.
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For example, you could change any or all of the following factors to understand multiple financial decisions simultaneously: 1) annual expenditures and rates of growth, 2) retirement ages, 3) plans to buy a first, second, or third house, 4) retirement contribution rates, 5) Roth plan contribution percentages, 6) sending multiple kids to private schools and college, 7) charitable contributions, 8 expected Social Security retirement payments, 9) financial asset allocations, 10) returning to school for mid-career education, 11) different investment costs, 12) different asset return rates varied upward or downward — systematically or arbitrarily, 13) multiple annuities purchases, 14) different federal, state, and local income and other tax rates and limits, 15) acceleration of any or all debt repayments… etc. You could also make numerous other changes in addition to those listed above. (See: Executive Summary of VeriPlan and VeriPlan’s 10 Personal Financial Decision Tools)
Hopefully, this makes the point that when we say that VeriPlan is fully integrated, we mean that it is fully integrated. VeriPlan is not a trivial retirement or college savings calculator that measures two or three variables and ignores everything else. VeriPlan will model as many financial details as you decide to throw at it. If you want to evaluate the lifecycle impact of being unemployed for six months twelve years in the future and also plan to take a cruise around the world [...]