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MasteryPOINT — Financial Planning
Calculators MasteryPOINT's online Financial Planning Calculators allow qualified plan providers to add valuable, interactive content to their participant websites.
Test-drive MPT Financial Planning Calculators. Click here and then select “toolbox” to try a demo version of one of our Financial Planning Calculators. Available calculators include: Roth Analyzer Is it better to make traditional or Roth contributions to a 401(k) plan? The Roth Analyzer uses personal data to estimate plan balances and expected retirement income for both types of contributions. Users can choose whether to keep their take-home pay the same or keep their 401(k) savings the same. Gap Analyzer Is enough being saved for retirement? Using savings rate, income, and other simple data inputs, the Gap Analyzer estimates whether a participant's present savings rate is sufficient to meet post-retirement needs. Retirement Savings Calculator What could a participant's account balance grow to by retirement? The Retirement Savings Calculator projects a future balance based on current age and income, expected salary increases, savings rate, matching contributions, and projected investment return. Savings Goal Calculator How much must be saved each month to achieve a specific goal? The Savings Goal Calculator estimates how much someone must save to reach a specified goal based on current balance, anticipated annual return, and time frame. Paycheck Calculator How will pretax retirement plan contributions impact take-home pay? Using simple inputs of salary, withholding allowances, savings rate, etc., the Paycheck Calculator estimates a participant's net pay after making tax-deferred contributions to a retirement savings plan. The amount gained each pay period by saving pretax dollars is highlighted. Plan Loan Calculator What is the real, long-term cost of borrowing from a retirement plan account? The Plan Loan Calculator projects the total cost of taking a plan loan, including the difference in plan balance at retirement plus the missed growth from not investing the loan payments. Social Security Calculator How much income will Social Security provide? The Social Security Calculator estimates a monthly and annual benefit given current and projected salary and when the user intends to retire and begin receiving benefits. Qualified Plan Distribution Tools Depletion Calculator How quickly should retirement savings be withdrawn? The Depletion Calculator allows participants nearing retirement to estimate the amount they can afford to withdraw each year and how long their balance will last if a specified amount is withdrawn annually. The calculator also estimates the amount of savings required to meet retirement income needs. Distribution Planner Which retirement plan distribution option is best? The Distribution Planner compares the advantages, disadvantages, and estimated after-tax results of five retirement plan distribution choices. Substantially Equal Periodic Payment (SEPP) Calculator How much can a qualified plan participant or IRA owner periodically withdraw before age 59½ without a 10% tax penalty? The SEPP Calculator determines the allowable "substantially equal periodic payment" per year using the three IRS-approved methods - life expectancy, amortization, and annuity-plan. IRA Analyzer How do Roth and traditional IRAs compare? The IRA Analyzer compares the characteristics of the two types of IRAs and estimates how much a person could have in each type of account at retirement assuming equivalent contributions to each and the same hypothetical investment return. The calculator also analyzes whether converting a traditional IRA to a Roth IRA makes sense. IRA Comparison Tool Which type of IRA contribution is the better choice? The IRA Comparison Tool uses personal financial data, including expected contributions and present and post-retirement income-tax rates, to help individuals choose the appropriate IRA. Traditional IRA vs. Taxable Savings Tool Which savings strategy is better? Using personal tax rate, expected rate of return, and years to retirement, the Traditional IRA vs. Taxable Savings Tool compares the results of saving in a tax-deferred account and saving in a taxable account. Required Minimum Distribution Calculator How much must be withdrawn this year from tax-deferred savings accounts? Based on age and account balance, the Required Minimum Distribution Calculator determines the minimum amount that must be withdrawn from traditional IRAs and other tax-deferred accounts for the current year. Asset Allocation Calculator How are current investments allocated? The Asset Allocation Calculator determines the percentages of cash, bond, and stock investments in a portfolio. Asset Allocation Planner What asset allocation may be appropriate for retirement investments? Based on the user's age, anticipated retirement age, and answers to five questions, the Asset Allocation Planner determines risk profile and time horizon and suggests potential investment mixes. College Planner How much must be saved each month to reach a college savings goal? The College Planner estimates the monthly savings needed to meet future tuition expenses for up to 10 children using expected rates of savings growth and tuition inflation. Budget/Cash Flow Analyzer Is annual cash flow on target? The Budget/Cash Flow Analyzer tracks and summarizes income and expenses for the year and compares them with budgeted amounts. Loan Calculator What will the monthly payments be on a loan? How much can be borrowed given a specific payment amount? The Loan Calculator generates the information individuals need to make fact-based decisions about borrowing (excluding retirement plan loans). Monthly Spending Planner How does monthly spending compare with budgeted amounts? The Monthly Spending Planner allows individuals to establish monthly budget caps based on income, track actual spending, and quickly calculate differences between the two. Mortgage Loan Calculator How much can an individual borrow for a home loan? The Mortgage Loan Calculator determines how much an individual can borrow for a mortgage loan using the industry standard 28/36 qualifying ratio. Mortgage Payment Calculator What are the monthly payments for a given mortgage loan? The Mortgage Payment Calculator computes the monthly mortgage payment for a given loan amount, interest rate and loan term. The loan amortization schedule can also be computed and printed. Net Worth Calculator How much is left after subtracting debts from assets? The Net Worth Calculator estimates current net worth - positive or negative - based on personal asset and liability data. Retirement Budget Estimator What will income and expenses be in retirement? The Retirement Budget Estimator helps users create a realistic post-retirement budget by analyzing anticipated changes in income, taxes, and living expenses. Credit Card Payoff Calculator How long will it take to pay off a credit card balance? The Credit Card Payoff Calculator projects the number of months it will take to eliminate a debt based on interest rate, payment amount, and estimated new charges. It also shows the monthly payment necessary to pay off the balance in a specified number of months. Users can view a payment schedule.
Our Financial Planning Calculators have been developed by MasterPOINT Financial Technologis, a Newkirk subsidiary, and are provided by MasterPOINT and MP Advisory Services, LLP, a registered investment advisor. Click
here to request more information
on MPT ’s Financial Planning
Calculators. Or, contact Eliot Freeman
directly by phone at 518-862-3317. |
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