Create a personalized financial planning report using similar inputs to that of the Tax-Free Retirement Calculator, and gather insights such as: • A snapshot of your current finances • A deep dive of your living expenses • A tax-free retirement scenario and financial outlook • Practical and implementation specific recommendations …
Using an advanced Tax-Free Retirement Calculator, we show how to implement a tax-optimized savings plan that will achieve ~0% tax at retirement. First, let us look at the Tax-Free Retirement Calculator from FinCrafters App. It is a more advanced version of the Retirement Planning Calculator discussed in “Retirement Scenarios.” It enables you to figure out …
Calculate how much you could withdraw in retirement based on your current income, savings and the value of your existing assets. The free Retirement Planning Calculator offered by the FinCrafters mobile app enables you to calculate how much you could withdraw in retirement based on your current income, savings and the value of your existing …
Calculate the maximum home loan you could qualify for based on your income and recurring monthly liabilities. We will use the Mortgage Loan Qualification Calculator from FinCrafters app to understand the criteria banks use to qualify borrowers for different types of home buys such as a Townhome, Single Family or a Duplex home. This tool …
Calculate your Internal Rate of Return (IRR), given a series of annual cash flows from a particular investment. Let us demonstrate the functionality of the Cash Flow IRR Calculator from FinCrafters app using a market investment that was held for 5 years. In our example, the initial investment of $100K in the market has appreciated …
Calculate annualized growth rate (or CAGR) and related metrics, given a series of yearly returns. Let us demonstrate the functionality of the Annualized Growth Calculator from FinCrafters app using the last 5-year return from the S&P 500 index including dividends. The annual returns from 2015 to 2019 are input as shown. The first metric calculated …
Calculate your Compounded Annualized Growth Rate (CAGR) or ending balance for an investment based on the holding period. The FinCrafters app has two versions of the CAGR calculator available based on what information is available and what needs to be computed. Use the Annualized Return Calculator if start and end balances, and investment period (in …
