There are plenty of free net worth trackers on the internet. For most of them, you enter the value of your assets and liabilities, and the calculator does the simple math to show you how much you’re worth. The best net worth calculators, however, do far more than simple math. They enable you to connect…
Retirement calculators can help us plan and prepare to retire. When we are years away, these online tools can help us determine how much we should be saving. As we approach our time to retire, they can help us understand how much we can spend each year in retirement without going broke. Not all retirement…
Mint was one of the first free online budgeting apps when it launched in 2007. I used it when it was first released. Intuit purchased Mint in 2009 and recently shut Mint.com down. Current users are now forced to find a replacement. Here are the 10 best Mint alternatives worth considering. My Favorites 1. Rocket…
Fee-only financial advisors are often touted as the most transparent and unbiased option for investment advice. They do not earn commissions and have a fiduciary duty to act in their clients’ best interests. However, even fee-only advisors have hidden costs and conflicts that can chip away at your investment returns over time. 1. The True…
You enter your income, expenses, investments and liabilities into your favorite retirement planner. You click a button, the software does some kind of calculation, and out pops a single number. It may be 87%. Maybe it’s 72%. Or it could be 15%. Whatever the number, you’re told it represents your retirement plan’s “Chance of Success.”…
Estimating the future returns of your investments is a key part of most retirement plans. It can help us understand our plan’s chance of success, but it can also be the most challenging. In this article, I’ll walk through my approach along with the tools and resources you can use in your own retirement plan….