Financial Tools
Managing your money
Managing finances can feel a little daunting sometimes. We want to make it simpler. Take advantage of the tools below to get ideas about handling your money, investments and plans. You can also use the results as conversation starters with a certified financial planner in a personal consult session. Let’s get you started. Browse the topics below.
Manage My Paycheck
After living expenses, where should your income go to make sure every dollar works for your future goals? These tools can help.
Student Loans
Evaluate several college loans with different interest rates to find the best approach to paying off student debt. The goal is to find the quickest path to payoff and track your progress.
Approximate time: 5 minutes
Emergency Fund
Create your must-have (we think) emergency fund for 1- to 6-months of expenses. There’s no better way to plan for the unexpected and prepare for whatever comes your way.
Approximate time: 5 minutes
Upcoming Goals
Got a shorter-term goal in mind? Learn the best way to save for a vacation, a celebration, a new home and more. The tool helps you know how much to save for goals less than ten years away.
Approximate time: 5 minutes
Health Savings Account
Enter your estimated yearly medical expenses to see how much to add to an HSA each year. This can help you cover costs now and future health care or other expenses in retirement.
Approximate time: 5 minutes
Retirement Fund
See how your contributions (and employer contributions, if available) can help you save for your future. Track contributions and see how different investments could impact your balance over time.
Approximate time: 5 minutes
Should I, or Shouldn’t I? Financial Products
We all face financial dilemmas about finding the right solutions. The more information you have about certain financial products, the easier your decisions may be. Analyze these five.
Spend vs. Borrow
Making a purchase is a big decision. So is how will you pay for it. This tool helps you understand the impact of liquidating an asset versus taking a loan to pay for a purchase.
Approximate time: 5 minutes
Mortgage Refinance
Is refinancing the right decision for you? When you need extra cash—or want to consolidate debt—use this tool to help you see if refinancing will be beneficial or a no-go.
Approximate time: 5 minutes
Impact Assessment
Get an environmental, social, governance (ESG) score for your current portfolio to see if it aligns with your personal values.
Approximate time: 5 minutes
Debt Consolidation
Select from four different debt strategies—personal loan, mortgage refinance, home equity line of credit and car loan refinance—to see if consolidating your debt might be advantageous to you.
Approximate time: 5 minutes
Am I Covered? Insurance Needs
Learn about different kinds of insurance and get help determining which ones may be necessary to cover you and your family’s needs.
Income Protection
Do you need guaranteed income? This tool helps break down the complex subject of annuities and explains how they may fit into an overall financial plan.
Approximate time: 5 minutes
Long-Term Care Analysis
Analyze long-term care costs and the likelihood you may incur these expenses. Real world examples tie potential costs with actual expenditures for home care, assisted living and nursing homes.
Approximate time: 5 minutes
Protect Your Family (Life Insurance)
This tool helps you determine if you need life insurance, how much and what it could cost. It’s a great way to know if your family is covered in the future.
Approximate time: 5 minutes
Am I Ready for Retirement?
Learn about different aspects to help you plan better for the retirement you want. From seeing if you’re on track to what you may expect to pay in health care expenses, use the tools to help you be ready.
Add high-level information about your retirement savings and find out the probability of meeting your goal. It’s a great way to see if you’re on track.
Approximate time: 5 minutes
Estimate future health care expenses, including Medicare costs, out-of-pocket expenses and private insurance prior to Medicare. Learn what to plan for in retirement.
Approximate time: 5 minutes
Knowing how long you may live is good for retirement planning. It can help you know how long your savings need to last after you quit working.
Approximate time: 5 minutes
The tool helps you know costs for home care, assisted living and nursing homes based on your gender, age, length of care and location. It can also help you know the likelihood of a long-term care event and associated expenses.
Approximate time: 5 minutes
Grab your significant other and determine if your expectations and goals around retirement match and where discussion may be needed. This can be a great starting point for a financial plan.
Approximate time: 5 minutes
Discover your true expectations around retirement and find areas to focus on as you plan for your ideal retirement. Topics include not having a paycheck, healthcare costs, longevity and more.
Approximate time: 5 minutes
Learn the impact timing has on taking Social Security and how much you receive. You can find out your benefit amount if you take it at different ages—and how to get the most from your benefit.
Approximate time: 5 minutes
Uncover what may be your top concerns about retirement, such as loss of income, health issues, parents needing care and more. Knowing what bugs you can help you plan better to address those concerns.
Approximate time: 5 minutes
Teach Me More. Financial Education
Learn more about financial topics, including uncovering your concerns, setting goals, and inflation. Knowing more can help you make better financial decisions.
Financial Concerns
What keeps you up at night about your finances? Self-diagnose concerns such as overspending, losing a job, buying and home and more. Knowing yourself can help you better focus your financial plans.
Approximate time: 5 minutes
Financial Goals
What are your financial goals? Do you know how to set them? Explore what you want to do with your money so you can create a better plan.
Approximate time: 5 minutes
Inflation
Take two quizzes to learn more about how inflation’s prices now and in the future. It’s a fun way to learn about a not-so-fun topic: inflation’s impact on your money.
Approximate time: 5 minutes
What Did It Cost? (Inflation)
Take the quiz to see what prices for common things were at a certain point in the past. You’ll see the results of inflation.
Approximate time: 5 minutes
What Will It Cost? (Inflation)
Take this quiz to see what common prices will be at a selected point in the future. You’ll see the results inflation can have on future spending.
Approximate time: 5 minutes
Related Topics for Seeking Financial Advice
This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.