Comprehensive Financial Calculators

Insurance Calculators Investment Calculators Qualified Plans Calculators
Taxation Calculators Saving Calculators Cash Flow Calculators
Retirement Calculators Benefits Calculators
Insurance Calculators
How much life insurance do I need? Planning to meet the financial needs of your survivors is one of the most important and fundamental steps in creating a sound financial plan for you and your family. This step usually requires the purchase of a life insurance policy to ensure that your family’s needs will continue to be met, even after your untimely death cuts your earnings potential short.
What are my needs for burial and final expenses? Long gone are the days of being buried in a pinewood box. Funeral expenses can vary from several thousand dollars up to $15,000 and more depending on which services you select. Funeral homes and crematoriums provide a list of expenses some of which have been enumerated here. Use this calculator as a guideline to help estimate your burial and final expenses.
How much disability income insurance do I need? Your chances of becoming disabled are far greater than your chances of dying. It may surprise you that one out of three individuals will suffer a disabilty that lasts at least 90 days. One out of ten will be permanently disabled prior to age 65.
What are my long-term care insurance needs? There are basically three ways to fund your long-term care needs: self-insure, qualify for Medicaid, or obtain long-term care insurance. Use this calculator to determine your potential long-term care needs and how long your current assets might last.
What are the chances of becoming disabled? It may surprise you that 33.7 million non-institutionalized Americans (or 12.2 percent of the population) experience limitations in usual activities due to chronic conditions.* Use this calculator to determine your chances of becoming disabled.
How much will I earn in my lifetime? Most people earn a small fortune during their lifetime. Yet many of them are unaware of how their annual income adds up over the years.
What are the tax advantages of an annuity? Deposits into an annuity are not tax-deductible, however you don’t have to pay taxes on the interest earned until you begin making withdrawals. This tax-deferral period can have a dramatic affect on the growth of an investment. Use this calculator to compare the tax advantages of saving in an annuity versus an account where the interest is taxed each year such as a CD.
How long will my current life insurance proceeds last? You may think that you are adequately insured in the event of your death. It may surprise how quickly the tax-free insurance proceeds may be depleted by your survivor income needs.
What is the future value of an annuity? Unlike a taxable account, a fixed annuity enjoys the benefits of tax deferral. In addition, many annuity companies offer a higher first year bonus rate. To be able to offer these higher rates companies typically require you to keep the funds invested for a period of time or suffer a surrender penalty for early withdrawal. Use this calculator to help determine your annuity value in a given year and compare it to a taxable savings account like a CD.
Which Is Better, Comprehensive Plan Or High-Deductible Plan With HSA? Health Savings Accounts (HSAs) were created by the Medicare bill signed by President Bush on December 8, 2003. HSAs are a form of medical savings account that must be accompanied by a high-deductible health insurance plan. HSAs allow individuals/employers to set aside money on a pre-tax or tax-deductible basis and then withdraw the money tax-free to pay qualifying medical expenses. Use this calculator to help compare a traditional, low-deductible health plan to a high-deductible health plan accompanied by an HSA to cover out-of-pocket expenses.

Retirement Calculators
How will retirement impact my living expenses? Your living expenses may increase or decrease at retirement but will likely not stay the same. You may travel more, reduce business expenses such as eating out and transportation costs, perhaps your house will be paid off. Use this calculator to help compare living expenses now from the day you retire. This will also will help you to plan your saving requirements for the day you retire.
How much will I need to save for retirement? Retirement can be the saddest or happiest day of your life. This pre-retirement calculator will help you determine how well you have prepared and what you can do to improve your retirement outlook. It is important that you re-evaluate your preparedness on an ongoing basis. Changes in economic climate, inflation, achievable returns, and in your personal situation will impact your plan.
Are my current retirement savings sufficient? One method of retirement planning is to project what you are currently saving and have accumulated to date and see if you will have enough to meet your retirement objectives. Use this calculator to determine when/if the money will run out during retirement and it will recommend additional savings if required.
Social Security retirement income estimator Depending upon your current earnings, Social Security can be a significant part of your retirement income. However, many factors will impact the benefit you may receive. Use this calculator to approximate your Social Security benefit. For a more accurate estimate, taking into account your earnings history, contact the Social Security Administration at 1-800-772-1213 or visit www.ssa.gov.
How does inflation impact my retirement income needs? It may surprise you how fast inflation can erode purchasing power. Use this calculator to estimate how much more income you will need at retirement to keep your same standard of living that you have today.
I’m retired, how long will my savings last? Due to increasing life expectancies, many are running into the problem of outlasting their savings. Use this calculator to help determine when your retirement savings account may be depleted given a specified monthly income target. You may currently be in receipt of a company pension or other fixed income such as Social Security to help supplement your retirement savings account.
When should I begin saving for retirement? A penny saved is a penny earned, but a penny saved today is a penny earning more. Use this calculator to determine how much more you could accumulate at retirement by beginning your savings plan today rather than waiting.
Should I convert discretionary expenses to savings? It may surprise you how much you can accumulate for retirement simply by foregoing a few luxuries such as a one-time purchase of a boat or cabin, or trimming back recurring monthly expenses such as eating out, movies, magazine subscriptions, cable tv programming,video rentals, vending machines, etc. Use this calculator to determine how much you could accumulate for retirement by saving instead of spending.
How much retirement income may my 401(k) provide? It may surprise you how significant your retirement accumulation may become simply by saving a small percentage of your salary each month in your 401(k) plan. Further, it may be useful to estimate your future monthly income generated by these savings and what that means in today’s dollars.
Compare a Roth 401(k) to a Traditional 401(K) Your retirement income can vary widely depending on what type of account holds your savings and what assumptions you make about return and tax rates during the accumulation and withdrawal periods. Use this calculator to help compare employee contributions to the new after-tax Roth 401(k) and the current tax-deductible 401(k).

Taxation Calculators 
What is my potential estate tax liability? Federal estate tax rates go as high as 45% on taxable estates in years 2007-2009. This means that the federal government could ‘inherit’ a significant portion of your estate unless you take measures to preserve your wealth. Use this calculator to estimate your federal estate tax liability.
Federal Income Tax estimator As they say there is nothing more certain than death and taxes. Unfortunately, without planning the annual tax liability can be very uncertain. Use the following calculator to help determine your estimated tax liability along with your average and marginal tax rates.
Should I adjust my payroll withholdings? Each April many taxpayers are surprised as they realize that they have either over withheld or under withheld on their taxes. Use this calculator each year to help determine whether you are likely to be on target based on your current withholding status. Make adjustments to your employer W-4 form, if necessary, to more closely match your liability. In the event of a surplus, you may be able to increase your take home pay.
Will my investment interest be deductible? Interest paid on debts incurred in order to invest (such as ‘margin accounts’) is generally deductible to the extent that it offsets investment income (such as interest, dividends and short term capital gains). Interest payments in excess of investment income can be carried forward in hopes of offsetting future investment income. This calculator can help you better manage the use of debt as an investment tool, and more accurately time your income and interest payments to take best advantage of current deductibility laws and limitations.
How much self-employment tax will I pay? Self employment taxes are comprised of two parts: Social Security and Medicare. For 2007, you and your employer each pay Social Security taxes of 6.2 percent on the first $97,500 of your covered wages. You each also pay Medicare taxes of 1.45 percent on all your wages – no limit. If you are self-employed, your Social Security tax rate is 12.4 percent and your Medicare tax is 2.9 percent on those same amounts of earnings but you are able to deduct half of that as if you were your own employer. Use this calculator to estimate your self-employment taxes.
Capital gains (and losses) tax estimator Federal taxes on your net capital gain(s) will vary depending on your marginal income tax bracket and holding period of the asset. Use this calculator to help estimate capital gain taxes due on your transactions.
Compare taxable, tax-deferred, and tax-free growth? Many investments are taxed differently. For example with bonds, some may be taxed federally only, some may be taxed at the state level only, and some may be taxed both at the state and federal level. Use this calculator to help make an apple-to-apple comparison of varying investment returns.
How much of my social security benefit may be taxable? Did you know that the government may tax up to 85% of your Social Benefit? If this is the case you may want to reposition some of your other income to minimize how much of your Social Security is taxed and, thereby, maximize your retirement income.
What are the tax implications of paying interest? Interest paid may or may not be tax-deductible depending on the type of interest paid. Use this calculator to help determine what, if any, interest you pay this year may be deductible and to what extent it may save you on taxes.
Should I itemize or take the standard deduction? If you have numerous itemized deductions such as mortgage interest, charitable contributions, etc., it may make sense for you to itemize your deductions instead of using the standard deduction for your tax filing status. Use this calculator to help you make that decision.
What is my taxable-equivalent yield? Tax-free investments such as municipal bonds have lower yields due to their tax-exempt status. Use this calculator to determine an equivalent yield on a taxable investment. The higher your marginal tax bracket (state and federal), the higher the tax-equivalent yield.

Investment Calculators
How should I allocate my assets? Over 90 percent of investment returns are determined by how investors allocate their assets versus security selection, market timing and other factors.* Use this calculator to help determine your portfolio allocation based on your propensity for risk.
Compare taxable / tax-free investment return Many investments are taxed differently. For example with bonds, some may be taxed federally only, some may be taxed at the state level only, and some may be taxed both at the state and federal level. Use this calculator to help make an apple-to-apple comparison of varying investment returns.
What is the value of a bond? Bond values are very sensitive to market interest rates. For example, if you purchased bond with a stated/coupon rate of 10% and market rates had declined to 8% since you purchased the bond, then the value of your 10% bond in a market crediting 8% would be higher. Use this calculator to help determine the value of a bond.
What is the return on my real estate investment? Purchase price, loan terms, appreciation rate, taxes, expenses and other factors must be considered when you evaluate a real estate investment. Use this calculator to help you determine your potential IRR (internal rate of return) on a property.
What is the value of compound interest? Compound interest can have a dramatic effect on the growth of an investment. Use this calculator to illustrate the impact of compound interest on the future value of an asset.
What is the value of a call or put option? A Call option represents the right (but not the requirement) to purchase a set number of shares of stock at a pre-determined ‘strike price’ before the option reaches its expiration date. A call option is purchased in hopes that the underlying stock price will rise well above the strike price, at which point you may choose to exercise the option. Exercising a call option is the financial equivalent of simultaneously purchasing the shares at the strike price and immediately selling them at the now higher market price.
Taxable vs. tax-advantaged saving comparison. Tax-deferral can have a dramatic affect on the growth of an investment. Use this calculator to determine the future value of an investment being subject to income tax each year versus deferring the tax until withdrawal.
What is my risk tolerance? On your way home from work, do you drive in the slow lane or the fast lane? Each person has a different propensity for risk. When investing, this risk propensity can be used to determine the percentage of your portfolio that is exposed to equities. Complete the following questionnaire to help determine your risk profile.
What is the long-term impact of increased return? It may surprise you how much more you could accumulate in savings simply by repositioning assets to achieve a slightly higher return. Even one, two or three percent return over a short number of years can make a dramatic difference.
Certificate of Deposit (CD) analyzer Use this calculator to help determine the potential interest growth and tax liability on your Certificate of Deposit.
What is the dividend yield on a stock? Dividends paid by a corporation can make up a significant portion of the cash flow generated by a stock purchase. Use this calculator to help determine your pre-tax and after-tax yield on a particular stock.
How do expenses impact mutual fund returns? It may surprise you how sales charges, management fees and lost opportunity cost can erode the total return on your mutual fund. Use this calculator to estimate the impact these charges may have on the growth of your investment.
Currency Converter A currency tool that allows you to perform foreign exchange rate calculations on the Internet, using up-to-the-minute currency rates.

Saving Calculators
Becoming a millionaire It may surprise you how quickly you can accumulate a million dollars. Use this calculator to determine the annual amount you would have to set aside each year to reach a million dollars.
Income generated by a savings plan. Saving regularly can help you achieve your future income goals. Use this calculator to determine how much income an existing balance and/or a regular savings plan can provide.
How long will it take to double my money? Compound interest can have a dramatic affect on the growth of a single deposit. By dividing 72 by your investment return you can determine the amount of time required for your money to be worth about twice as much as it is today.
How long until my savings reach my goal? Compound interest can have a dramatic affect on the growth of a single deposit. Use this calculator to determine how many years an existing savings account will take to reach your stated objective.
Save now vs. save later A penny saved is a penny earned, but a penny saved today is a penny earning more. It is important to start saving as soon as possible for events such as retirement due to the impact of compounding. If you start saving now you will need to save considerably less than if you wait a few years. Use this calculator to determine how much extra you will need to save if you wait.
How much should I save to reach my goal? What are you saving for: a computer, car, boat, summer home, down payment? Use this calculator to determine what you need to save on a regular basis to have the funds ready when needed.
What will my current savings grow to? Compound interest can have a dramatic effect on the growth of series of regular savings and initial lump sum deposits. Use this calculator to determine the future value of your savings and lump sum.
Calculate rate of return The initial receipt or payment, the amount of subsequent receipts or payments, and any final payment or receipt, all play a factor in determining the return.
How do taxes and inflation impact my return? Taxes and inflation can have a dramatic effect on the growth of an investment. Use this calculator to determine the impact taxes and inflation can have on the purchasing power of your investment.
What is my effective annual yield? The number of compounding periods per year will affect the total interest earned on an investment. For example, if an investment compounds daily it will earn more than the same investment with the same stated/nominal rate compounding monthly. Use this calculator to determine the effective annual yield on an investment.

Qualified Plans Calculators
Evaluate my company pension payout options When you reach retirement, and if your company provides a pension program, you will be offered a number of payout options. Typically, they will be the Single Life and the Joint Survivor payout options. Single Life pays a higher monthly amount but stops paying once you die, whereas, the Joint Survivor will pay a lower monthly amount but will continue until both you and your spouse are deceased. This calculator will help evaluate total payout amounts under both scenarios given specified life expectancies.
How much can I contribute to an IRA? Many factors can affect your eligibility to contribute to an Individual Retirement Account (IRA) — including your marital status, availability of a retirement plan at work, current and future tax rates, investment returns, when you will withdraw the money, and how you will use the money.This calculator compares features and eligibility requirements for the Non-deductible IRA, the Traditional IRA and the Roth IRA, and it is designed to help you determine whether you are eligible to contribute to these retirement savings vehicles.
How much retirement income can my IRA provide? Your retirement income can vary widely depending on what type of IRA holds your savings and what assumptions you make about return and tax rates during the accumulation and withdrawal periods. Use this calculator to help estimate your monthly and annual income from various IRA types.
Should I convert to a Roth IRA? If your income is $100,000 or less and you are single or married, filing jointy, you may be eligible to convert your traditional IRAs to a Roth IRA in order to take advantage of federally tax-free earnings in the future.You will generally pay ordinary federal income tax (but not the 10% penalty tax) on the taxable amount that is converted. Your tax-free potential is maximized if you pay the taxes from your current income or personal savings, not your IRA.
What will my qualified plan be worth at retirement? It may surprise you how significant your retirement accumulation may be simply by contributing regularly to a qualified plan. Use this calculator to estimate how much you may accumulate by saving in a qualified plan.
What is my current year required minimum distribution? Current tax law specifies that once you reach age 70-1/2 you must begin making taxable withdrawals from your IRAs and many other retirement plans. These minimum distributions are calculated annually based on your age, plan balance at the end of the previous year, marital status and spouse’s age. If you do not meet the annual minimum distribution, you may be subject to a 50% penalty on your underpayment, plus ordinary income tax as the funds are withdrawn. You must be AT LEAST 70 1/2 years of age to use this calculator, younger plan owners are not subject to the required minimum distribution rules.
What is my projected required minimum distributions? Current tax law specifies that once you reach age 70-1/2 you must begin making taxable withdrawals from your IRAs and many other retirement plans. These minimum distributions are calculated annually based on your age, plan balance at the end of the previous year, marital status and spouse’s age. If you do not meet the annual minimum distribution, you may be subject to a 50% penalty on your underpayment, plus ordinary income tax as the funds are withdrawn.
What are my lump sum distribution options? You’ve spent a long time accumulating funds in your retirement account. When you retire and take distribution of your funds you have many options to consider.
How do I maximize my employer 401(k) match? Many employees are not taking full advantage of their employer’s matching contributions. If, for example, your contribution percentage is so high that you obtain the $15,000 limit (year 2007) in the first few months of the year then you have probably maximized your contribution but minimized your employer’s matching contribution. The goal is to reach the IRS limit while at the same time maximizing your employer’s matching contribution and thereby maximize take-home pay.
What is the impact of borrowing from my 401(k) plan? Many people borrow from their company-sponsored 401(k) plan to pay off high interest debt or to make a major purchase. Although the borrowing rates may be favorable, usually 1-2% above the prime rate, the impact on future retirement earnings needs to be taken into account. Use this calculator to help you make your decision.
What is the impact of early withdrawal from my 401(k)? Many people feel the need to withdraw funds from their 401(k) plan due to hardship or other emergency. Use this calculator to help determine the impact of lost contributions and retirement funds due to early withdrawal.
I’m self-employed, how much can I contribute to a retirement plan? Compensation for a self-employed individual (sole proprietor or partner) is that person’s ‘earned income.’* The starting point to determine the individual’s earned income is the net profit amount from the Schedule C (or Schedule K-1 for a partnership). Use this calculator to determine your maximum contribution amount for a Self-Employed 401(k), SIMPLE IRA and SEP.
Net Unrealized Appreciation (NUA) vs. IRA Rollover? The NUA is important if you are distributing highly appreciated company stock from your tax-deferred employee-sponsored retirement plan, such as a 401(k). Upon the distribution the NUA is not subject to ordinary income tax. For this reason it may be better to transfer the company stock to a regular taxable account instead of rolling the stock over to a tax-deferred IRA: that is, if rolled over to an IRA, the company stock’s NUA would eventually be taxed at your ordinary income tax rate (when you take distribution of the stocks).

Benefits Calculators
Should I exercise my “in-the-money” stock options? When your employee stock options become ‘in-the-money’, where the current price is greater than the strike price, you can choose from one of three basic sell strategies: Exercise your options, then hold the stock for sale at a later date (exercise and hold); hold your options and exercise them later (defer exercise); or exercise your options and immediately sell the stock (exercise and sell). This calculator will help you decide which choice will likely maximize your after-tax profits.
What may my 401(k) be worth? It may surprise you how significant your retirement accumulation may become simply by saving a small percentage of your salary each month in your 401(k) plan. Use this calculator to estimate how much your plan may accumulate for retirement.
What is the impact of increasing my 401(k) contribution? It may surprise you how significant your retirement accumulation may be simply by increasing the percent of your salary that you save each month in your 401(k). Use this calculator to estimate how much more you could accumulate taking into account any employer match (if applicable).

Cash Flow Calculators
Does inflation impact my standard of living? Where does all the money go? An itemization of your living expenses may help you budget better and plan for future expenses. Use this calculator to help you recall and itemize your living expenses.
How much am I spending? Where does all the money go? An itemization of your living expenses may help you budget better and plan for future expenses. Use this calculator to help you recall and itemize your living expenses.
How much do I need for emergencies? It is prudent planning to have at least three to six months of liquid/cash assets set aside in the event of a loss of job, medical emergency, short-term disability, etc. Use this calculator to help determine how much you need to set aside monthly or as a lump sum to create an emergency fund.
Should I pay down debt or invest more? When you receive some extra money it may be difficult to determine whether you should invest the funds or use them to retire debt. Financial theory recommends that if your after-tax return on investments is greater than your after-tax cost of debt then you should invest. However, remember to consider the inherent riskiness of the investment you select (i.e. you may lose the money you invest yet still have obligations to pay back the liability). Use this calculator to help analyze your situation.
How long will my money last? You have worked hard to accumulate your savings. Use this calculator to determine how long those funds will last given regular withdrawals.
Should my spouse enter the work force? A working spouse can provide additional needed household income. However, when making your decision, you need to look at the net income generated by a working spouse not simply the gross income. Factors such as health insurance savings, increased daycare expenses, additional transporation costs, etc. need to be considered. Use this calculator to help determine the potential additional take-home pay.
What is my current net worth? In order to get where you want to go, you need to know where you are. You can get a view of your financial position by generating a personal net worth statement. Over time your net worth will change as your assets earn interest or are depleted and your liabilities increase or decrease. Use this calculator to estimate what your net worth could be in the future based on specified growth rates.
What is my projected net worth? In order to get where you want to go, you need to know where you are. You can get a view of your financial position by generating a personal net worth statement. Over time your net worth will change as your assets earn interest or are depleted and your liabilities increase or decrease. Use this calculator to estimate what your net worth could be in the future based on specified growth rates.
What is my current cash flow? Businesses generate a sources and uses of cash statement to evaluate their income and expenses and to check profitability. Similary, a cash flow statement can help you evaluate your personal income and expenses and see if you are running ‘in the red or the black’ each month.
What is my projected cash flow? Businesses generate a sources and uses of cash statement to evaluate their income and expenses and to check profitability. They also create a proforma which is a projection of future cash flows based on assumptions about growth/decline of income and expenses. Similary, a projected cash flow statement can help you evaluate your personal income and expenses and see if you potentially may run ‘in the red or the black’ at a future date.
Value of reducing or foregoing expenses. Use this calculator to help determine what you could accumulate by not eating out as much, eliminating the newspaper, not renting as many videos and other discretionary monthly expenses.

This information may help you analyze your financial planning needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.


 

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