Find an App for Retirement
Developing a retirement strategy can be burdensome. Fortunately, however, in today's hyperconnected world, there are many tools available to make retirement planning easier. They typically contain tips, goals, and progress reports.
Key Findings
- Retirement planning can be facilitated by a variety of internet resources and applications.
- While all of these apps are designed with retirement planning in mind, each provides different services and methods to achieve this goal.
- It's worth keeping searching until you find a tool that suits your needs and makes retirement planning easy and almost painless.
Here we present an overview of some of the best retirement planning apps available right now.
1. Application “Pension plan”
This free Android app is a useful tool when you're deciding how to structure your retirement savings. This app allows you to compare predictions for investing in a 401(k), Roth 401(k), Roth IRA, or traditional IRA.
The Retirement Planner app also shows you how saving today will affect your retirement income in the future. Finally, it allows you to see if you have reached your retirement goals or if you should reevaluate your long-term plan.
2. Mint
You can establish and track your retirement goals with this free, well-known financial tracking application online or on an iOS or Android device. Mint is typically used to track expenses and budgets, but it also shows your net worth and long-term trends, and keeps track of your investments in one place.
Mint also makes it easy to set financial goals (including retirement savings goals), giving you regular monthly savings updates and helping you visually track your progress with graphics and other visual aids.
Short review
A retirement app can be helpful, but if you have questions about your retirement portfolio, it may be wise to consult with a financial planner.
3. Financial Engines social security planner
This app is available for free online at the Financial Engines website. It requires you to enter a fairly simple set of information and then gives you recommendations on how to maximize your Social Security benefits. The app uses mathematical algorithms to avoid guessing when to start receiving benefits.
Deciding when to start claiming benefits is often a balancing act between waiting for higher benefits and using more years of Social Security income, and this app will help you make decisions to maximize your benefits. This is especially helpful if you or your spouse has the flexibility to choose when you can start receiving Social Security benefits.
4. Vanguard Retirement Egg Calculator
This free online application is designed for people who are approaching or have already retired to help determine if their portfolio will cover the number of years they expect to retire. It is statistically rigorous and uses Monte analysis. -Carlo to determine if the users' retirement savings and portfolio will last for the duration of their retirement.
5. Retirement target planning system
This free iPad app is based on behavioral economics to help you understand your own preferences when tackling the complex problem of retirement planning. It breaks down the problem into “thinking steps.” After completing the program, you will receive a personalized set of retirement goals that you can use to draw up your own retirement plan or share it with a financial planner.
6. Assessing your retirement prospects
This simple online or free iOS app adds charm to the retirement planning process. After entering basic information, the app provides you with a "weather forecast" with an analysis of your savings plan - your forecast can be rainy, cloudy, partly cloudy or sunny - along with expected dollar amounts for retirement income.
This app also gives you tips on how your outlook on things will change if you invest more or less each year.
7. ING STRUCT® app (for UK residents)
This app is unique because it's built like a game, not a tool. The purpose of the STRUCT game is to explore the concepts of risk, diversification, goal setting and long-term progress. The elements of the game are investments in cash, bonds and stocks, and the player can choose to play as a conservative, moderate or risk-loving investor.
While this app may not be helpful for those who want to keep track of their own retirement investments, it helps to understand retirement planning concepts and helps people identify the types of investments and risks they are interested in in their financial future. This app is available for free for iOS systems, but only on the UK app store.
essence
There are many apps available to help you plan for your retirement. From fun educational games to apps to help you set your priorities, from accurate statistics to simple charts, there's an app for every style of planning. It's worth keeping searching until you find a tool that suits your needs and makes retirement planning easy and almost painless.
Comments
Post a Comment