After years of hard work, you deserve and look forward to a happy retirement. There are many decisions and issues to consider during the planning process, including when to retire, where to live, what will my guaranteed monthly income be, what will my monthly expenses be, have I saved enough, how long will my savings last, when can I start collecting Social Security benefits, etc. The goal of the Retirement Planning Toolkit is to help you plan for retirement and provide you with the information needed to achieve financial security in retirement. The Retirement Planning Toolkit gives you access to 19 calculators, worksheets, and checklists to help you in your planning. It gives you information so you can make timely decisions before retirement.
You have access to multiple retirement planning calculators including calculators to compute the future value of an account balance plus periodic deposits so you can see how your money grows over time, compute how much money you need to withdraw from your retirement savings each year, and whether or not you have saved enough for retirement, or compute how long an investment amount will last in years given the present value of the investment at the start, the compounding interest rate for the investment, an annual withdrawal rate, and an annual inflation rate.
You have access to multiple loan, mortgage, and mortgage refinancing calculators to help estimate, analyze, and track all your loans. Determine your monthly payment on a fixed-rate mortgage or conventional loan and generate an amortization schedule with a specified loan start date, or make additional periodic payments or a onetime payment to reduce the principal, total interest paid, and the loan term. Use the mortgage refinance calculator to provide information on whether to refinance your existing mortgage at a lower interest rate, and to determine the number of months to recoup your costs and fees. Determine the amount of interest and the number of payments saved with early loan payoff.
Calculators include the retirement planner, investment withdrawal, future value, compounding interest, loan payment, loan reduction using additional periodic payments or a onetime payment, early loan payoff to help reduce the total interest paid and the number of payments required, home down payment and monthly mortgage payment, mortgage refinance
You have access to multiple checklists including checklists to help you start the planning process, a list of age milestones to consider before and during retirement, and a list of items to consider when creating an estate plan. Checklists include pre-retirement planning, retirement age milestones, and estate planning.
Worksheets include document location summary, financial information recording, investment information recording, retirement information recording, cash flow analysis, networth analysis, and total gross estate analysis.
Use the Backup and Restore functions to create safety copies of all your toolkit data files. Your toolkit data and backup files are encrypted using Zipped files with AES-256 encryption to protect your data.
The Retirement Planning Toolkit includes advanced report generation capability allowing you to create, view, print, and save reports for all calculators, worksheets, and checklists.
System Requirement: Java 7 or higher is required (free download from Oracle Corporation website). Windows XP is no longer an officially supported platform. Users may use Java 7 on Windows XP at their own risk, we recommend Windows Vista or later.