Many of us worry about our financial future, particularly when it comes to our retirement options. The only way to deal with these anxieties is to get organized, assess your finances, and start making plans for your retirement. The great news is there are several retirement apps that can help you to get organized and ease the stress.
1. Retirement Planner App
With the help of the Retirement Planner app, you can figure out how much you’ll need during retirement, to maintain the lifestyle you require. You’ll need to input your age, retirement age, and monthly expenses. The app will also ask for your expected inflation, info about returns on your investments, and the associated rates. The app provides a chart that shows retirement income, end of year balance, and monthly investments.
The app helps you to compare options for a traditional IRA, 401K, or a Roth 401K. Using the Retirement Planner you can check how your current savings will have an impact on your retirement goals.
2. Retirement Outlook Calculator
With the Retirement Outlook app users are prompted to answer some questions about their savings, investments, and what they expect for retirement. Using your data, the app can help you to figure out how long your savings will last. Here you can learn about any changes you need to make, to improve your lifestyle in retirement. We’ll all have goals and expectations for retirement, and with apps like these, you can move that little bit closer to achieving your goals.
3. Personal Capital
Personal Capital is a powerful financial planning app, helping you to keep on top of your money. Using the app you can link up to thousands of financial situations, to gain a full picture of your finances. The app offers an excellent set of retirement planning features, such as advisory tools, spending analysis, growth projections, and deposit info.
Users can also take advantage of the budgeting features, helping you to connect all your debit and credit cards. From managing your investments to setting your retirement goals, there’s so much you can do with the Personal Capital app. With these excellent budgeting features, it’s easier to deal with money struggles, and reassess your spending.
Wealthsimple is a retirement planning application that offers realistic account minimums, and low fees. As well as the retirement planning features, the app offers investment options and investment management. This tool is suitable for investors who are looking to build up a unique portfolio. With the help of this app, you can visualize your progress towards your retirement goals, using simple charts and graphs.
Planning your finances relies upon budgeting your income, to increase your savings. Unfortunately, sometimes you just don’t have the income to meet all your expenses. When you’re experiencing financial difficulties, you might like to check out LoanOnYourCar.com. The service allows you to increase your income by withdrawing cash from your car. With a little extra financial support, you’ll help to stretch your budget that little bit further.