For example, income inputs seem quite accurate, and it's easy to see where the numbers are coming from. This tool is extensive, and its ability to customize input allows for more accurate output, but some portions are easier to assess than others. Overall Score: Excellent, scoring 2.8 out of 3Īccuracy: High, scoring 3 out of 3. It also provides in-depth analysis, potential next steps, and educational material, and it's meant to be revisited regularly by users. The program gives results in a goals-based format, using a timeline to determine how far off you are from retiring when you want. Users create a profile, enter a ton of personal financial data and goals, and they can explore the results. New Retirement is a website that seeks to be an online, complete retirement planning solution. For pensions, it doesn’t look like you can specify payout type: single life, 100% to survivor, etc.Quite a wide range (possibly unrealistic), as the economic time period you invest in has more impact on your rate of return than almost anything else. The rate of return range you may select from is -20% to 20% in.Calculates the amount of life insurance you should have.Can add in certain special circumstances, such as paying for college for somebody.Can set a different retirement age between you and your spouse.Can select where you are in the retirement process: saving for, pre-retirement, or retired.May take a few minutes but gathers a few personal details (like DOB) so the output is more accurate.
Tradestops magic calculator reviews software#
The program could do a better job of advising users on next steps, but I'm sure the premium versions of the software are better at this. Assumptions and results are explained clearly. The help features effectively guide the user by explaining what inputs mean. The website is easy to navigate, and you can save the plan and return later-a huge plus. It's very flexible, because it doesn't require many of the more complex aspects, so it's ideal for less experienced users and detailed planners. MaxiFi does this part right, so if the inputs are done correctly, you can trust the results as quite accurate. Most calculators fail in this area by ignoring or making simplified assumptions about certain critical aspects of retirement, such as taxes. Overall Score: Excellent, scoring 3 out of 3 You input income sources such as Social Security and pensions (amounts and when they will start), as well as savings and investment values, and it projects how much money you will need to save (or what your pre-retirement spending can be) from now throughout retirement to keep your discretionary spending after retirement at the target you set. Why? It does things none of the other retirement calculators do, and it ranks high on our retirement calculator scorecard in all three categories of accuracy, usability, and education.
Tradestops magic calculator reviews free#
MaxiFi, formerly the free ESPlanner Basic, is the best retirement calculator we could find.
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