Retirement planning programs

I hope that you will take advantage of this and learn more about how well you are prepared for the retirement lifestyle that you dream about! Keep in mind that the results are a 10,foot view report.

As the owner of this software, I can do all of the above and much more. Let me know if you have any questions, OK? Anyway, have fun experiencing the software!! Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance.

Develop and improve products. List of Partners vendors. Investing Retirement Planning. Part of. By Melissa Phipps Full Bio LinkedIn Twitter Melissa Phipps is a retirement planning and investing expert who has covered those topics for more than 20 years as a writer, editor, and author. Learn about our editorial policies. Reviewed by Andy Smith. Learn about our Financial Review Board. Fact checked by Emily Ernsberger. Emily Ernsberger is a fact-checker and award-winning former newspaper reporter with experience covering local government and court cases.

She also served as an editor for a weekly print publication. Her stint as a legal assistant at a law firm equipped her to track down legal, policy and financial information. Article Sources. From there, you are better able to calculate how much to save in order to retire comfortably.

Discover Your Net Worth Today. Well, the great news is that the investment management software from Personal Capital can do that, too. A Team-Based Approach to Innovation.

Personal Capital is overseen by an executive team that boasts decades of investment planning and wealth management experience.

In addition to its experience, the firm has a panel of experts that help make Personal Capital the number one provider of retirement planning tools. To ensure that Personal Capital continues to provide the best retirement planning software , it established a Board of Advisors that includes Shlomo Benartzi, a famous behavioral economist, and Harry Markowitz, a Nobel Prize winner in Economic Sciences and the creator of modern portfolio theory.

The executive team, together with this high-caliber panel of advisors, constantly seeks ways to innovate. This can mean exploring how to make its personal retirement planning software more accessible to needy consumers. No matter the details, we liked that Personal Capital is always bettering its customer care, services, and strategy. Industry Recognition. Fiduciary Approach for Free or for a Flat Fee.

Costs associated with Personal Capital vary and are contingent on the extent to which you utilize its services. For example, you pay nothing for its free retirement planning software. It does this because it approaches customer service from a fiduciary perspective. They want to see you reach your financial goals, and to achieve this, they make available their suite of financial planning tools.

Indeed, this commitment to the fiduciary standard extends to investment clients, as well. Personal Capital evidences this, in part, by its open fee structure.

To clients who invest through the firm, it assigns a percentage of AUM assets under management , whether the clients are Private Clients or otherwise.

In keeping with its fiduciary operating philosophy, it does not assign extra fees, hidden commissions or anything that would introduce a conflict of interest into its services. Why is that? This includes uncovering hidden fees — an unfortunate practice of many financial institutions today. You may be charged hidden custodial fees, 12b-1 fees or inactivity fees while planning for retirement.

Do the math, and these fees can put a pretty big dent into your savings. Instead, Personal Capital helps you see how the hidden fees in your own accounts may be working against your retirement goals. This includes every possible fee type — account opening fees, service fees, maintenance fees, trading fees, taxes, management fees, and expense ratio fees on your mutual funds.

Level Money Review. Powerful Suite of Free Services. Personal Capital offers a wide range of free services , all to help you gain a better understanding of your financial health and needs.

Personal Capital focuses on your net worth. This provides the clearest picture of financial health and the best foundation for consulting on how to maximize your retirement planning. To accomplish this, Personal Capital links all your accounts — mortgage, credit cards, investment accounts, and more — on your Personal Capital Dashboard.

From there, you enjoy access to weekly, monthly or yearly reports that detail your spending and transactions. Fee Analyzer. As mentioned previously, Personal Capital is transparent and open with each client.

To this end, it offers its Fee Analyzer tool to help you scour your existing investments for those hidden fees and costs that could be sapping money from your future. Recommendations for reducing or eliminating these fees are also offered with this tool.

Investment Checkup. The tool evaluates your investments before recommending adjustments that will meet your long-term goals. Investment Checkup holds up your current asset allocation with the ideal allocation to show your potential savings and returns.

The comprehensive nature of this tool allows your portfolio to operate as tax-efficiently as possible within your appropriate risk tolerance. To top off this multifaceted retirement planning tool, Personal Capital allows you to compare the past performances of your old and revamped portfolios. Your Portfolio Deserves a Second Opinion!

Retirement Planner. The free Retirement Planner tool helps you see how your expenditures affect your retirement goals. These expenditures can be unforeseen circumstances, such as illness, property damage, loss of income, and the like.

You can maximize your savings by adjusting how you spend money and staying on track to meet your retirement goals. Perhaps best of all, your retirement plan is tailored to you and your specific needs. In addition, you have the support of live financial advisors to assist as needed. Private Client Services. It only makes sense that the more money you make, the harder it can become to track your own finances. This is especially true for investors who possess a significant amount of money to invest.

In order to provide its high-net-worth clients with exceptional attention and care, Personal Capital offers its Private Client service. The perks of being a Private Client include:. Evaluate Your Spending! In addition to these services, Personal Capital can coordinate with your existing team of consultants.

As a top personal finance software, Personal Capital can also help set up lines of credit, check writing or debit card services from your account through its strategic partnership with Bank of New York Mellon.

Trust planning services are available to Private Clients, as well. For these services, Private Clients pay no additional fees, only the standard fee for advisory services. The fee structure for Private Clients is as follows:. Next, you answer a series of intake questions designed to provide Personal Capital with an accurate picture of your finances. From there, two licensed financial advisors are assigned to your new account.

Personal Capital advisors bring years of experience in assisting both institutions and affluent clients. As an added level of customer care, your advisors have an open door policy, gladly fielding your questions and concerns at any time. They are available by phone, email or through an in-person meeting. Your advisors then schedule a discovery meeting with you to discuss your long-term goals, retirement planning, lifestyle management, and risk tolerance, among other topics.

After getting the requisite information, your advisors collaborate with the Personal Capital Investment Team to craft your personalized investment strategy. If, after reviewing your investment needs and goals, Personal Capital decides it is a good match for you, it will open an account in your name with Pershing, its third-party custodian. From there, your advisors and the team at Personal Capital implement your investment strategy.

They monitor and rebalance your investments, keeping you on target for your long-term goals as well as further minimizing taxes.

To achieve tax-efficiency, Personal Capital performs regular tax-loss harvesting and reallocates your investments to tax-deferred accounts. Personal Capital buffers you against loss through a number of additional applications, including:.

Personal Capital Investment Principles. Another thing we liked about Personal Capital when we performed our retirement planning software reviews, was how stringent and disciplined it was in its approach to investing. Personal Capital operates according to model portfolio theory. It optimizes your portfolio by orienting your assets around minimal risk and maximal yield. Your advisors and the Personal Capital Investment Team do not select assets in isolation. Instead, they review how each asset will perform alongside every other investment in your account.

Personal Capital also balances your portfolio based on sector, style, and size of assets. Furthermore, your ratio of stocks ranges from 70 to According to Personal Capital, this range has been proven to minimize stock risk. To further maximize your returns, Personal Capital hones your investments into six specific asset classes. Note that this spreadsheet is configured in British Pounds, but you can change the currency in Google Sheets.

Learn More Download the Google Sheet. The website has several other useful financial planning spreadsheets. The FIRE movement is all about financial independence and early retirement. The very active FIRE community on Reddit has produced several excellent spreadsheets to accomplish the goal. Take a look at this popular detailed spreadsheet for lots of detailed planning and an emphasis on FIRE principles. Learn More Open Google Sheet. This is an easy, simple retirement calculator in Google Sheets to help you see what your financial situation might look like based on several customizable factors like desired yearly spending and current retirement Stash.

Open Google Sheet. Whether your goal is to retire at 35 or 75, tracking your net worth can keep you organized and speed your progress. Indeed, tracking your net worth is a powerful way to stay aware of your financial standing, making it easier to prepare for retirement. It can also help you make smarter money decisions for your long-term financial health.