Financial Planning Software: Investment Software and Money Calculators.

Free Financial Planning Tips, Investment Advice, Tutorials, Primers, and Financial Planner Training

This is the Tools for Money home page. "Control-D" will put this site in your Favorites list

Professional financial planners and investment managers working with individual clients: This site offers almost everything your financial planning practice needs. These money tools were created by folks that actually live and work in your world, not by folks living in an academic ivory tower and have never met a client in person. We've personally made financial plans and managed money for thousands of people in the Real World, so we know what you want, need, and feel your frustrations every day. Read about us making professional financial plans for your clients, helping with investment portfolio management, consulting, creating custom software, or doing custom case writing work. See samples of what you'll get by downloading the free sample comprehensive financial plan.

Consumers and Investors: Get better financial plans than you'd get by hiring a sophisticated financial planner, and get better investment portfolio returns than you'd get by hiring a famous investment manager, both for a fraction of the cost. There are detailed instructions for most financial plan calculators so anyone with basic Microsoft Excel experience can use them. Compare this financial plan to what your financial advisor gave you, and then compare cost.

Why we're superior compared to other financial plan software vendors

Brief Financial Planning Software Descriptions

Featuring Our Flagship Product:

The Fully-Integrated Suite of Financial Planning Software: The Dual RWR retirement software, Budget and Cash Flow Projector, Net Worth Projector, 5-Student College Planner, and Comprehensive Asset Allocation Software are all hard-wired together for complete integration just like the major competitors. Now there is no reason to spend a fortune on other planners that have only a tiny fraction of the functionality, control, and power. This allows the creation of full-blown financial plans with minimal duplication of input, ease-of-use, and complete control of printed reports.

Retirement Planning Software (RWR - Real World Retirement): The most powerful and flexible retirement planning software ever created. Create a retirement plan with the power to simulate any Real World situation like no other program can. It's the same as doing a "mini financial plan" because it will take college expenses, unequal cash flows, and everything that happens in the Real World into account. Get total control of every number in every year. NaviPlan/Financial Profiles/Quicken/MS Money users: This is the solution if you're frustrated with their lack of functionality, detail, flexibility, and forecasting ability. Excel-based retirement savings software for projecting detailed goals, incomes, expenses, and asset values before and after retirement. RWR uses a superior Monte Carlo simulation methodology than other retirement planners.

Asset Allocation Software: Investment software to calculate, compare, and implement, the mix of asset classes/investments that you feel is best for you or your clients. The only asset allocator that treats all of one's assets together, like they should in the Real World, so you can evaluate the whole picture at once. Get total control over asset allocation (and every number) instead of being locked into what a software company thinks you should be doing. Input contributions/withdrawals, rate of return assumptions for each asset, or asset class, and see 75 years of estimated growth for all of the Current vs. Proposed allocation mixes. If you're a frustrated Financial Profiles/NaviPlan/Morningstar investment software user, this is for you. Investment software for do-it-yourself asset allocators and financial advisors working with high-net worth clients.

Investment Model Portfolios: Consumers and investors - this investment software is the solution if you, or your advisor, keeps losing too much money. Almost ten years of returns are shown for the Fee-based model and over five years for the All-no-load and All-load mutual fund models.

This is a superb turnkey system, for both the professional advisor and the individual investor, that want to build a long-term, low transaction, low risk, well-diversified and allocated portfolio that matches one's investment risk-tolerance.

It comes with the monthly updated professionally selected mutual funds to best represent all of the 16 asset classes. It also compares how the allocation models are doing compared to the same model of benchmark indices (the only proper way to compare portfolios to the markets). The five allocation mixes match the five most commonly used investor risk-tolerance categories (determined via the fact finding tool below: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive).

There are 11 versions of the model portfolios, for a total of 111 model allocations. Financial advisors: This is a marketing must if you practice asset allocation, use portfolio models, or want to start (and look like you've been doing it for years). Financial advisor software for constructing asset allocation models for low-to-medium-net worth clients. Download free enlightening text discussing mutual fund allocation, and how to use them to prospect for new investment management clients.

The model portfolios also include the Variable Annuity Optimizer.

Mutual Fund Picks (Open-end mutual fund screening): These are the actual recommended mutual funds selected for the 21 asset classes used with the asset allocator tools (for a total of 94 investment recommendations). Free advice on picking mutual funds and mutual fund screening. Updated monthly for use with professional money management programs. There is also a mutual fund recommendation, screening, and analysis service where you can get professional, unbiased, opinions on just about any open-end mutual fund, with no conflicts of interest.

Bond Calculators: The demo has the most functional FREE bond yield to maturity calculator to ever be on the web. This investment software has:

• Two 100-bond convexity and duration calculator sheets (the second is yield to call). Compute all of the usual modified duration and convexity numbers, and see how changes in interest rates change the price each bond, and the combined portfolio.

• Single bond convexity and duration calculator.

• Bond total return calculator using the most accurate method - Horizon Return.

• Multi-year bond calculator: Input up to 25 bonds and get an overall portfolio yield up to 50 years.

• Single-year bond calculator: Input up to 50 bonds and get a one-year overall portfolio yield (IRR).

• Calculate annual amortization of premium and discounts on up to 25 coupon bonds.

• Zero coupon bond accretion. Input up to 25 zero coupon bonds, and see the annual accretion, and taxes due, on all bonds.

• Calculate a coupon bond's current fair market value, and total return considering the reinvestment of coupons.

• Compute a zero coupon bond's current fair market value, and yield to maturity (or call).

• Muni vs. taxable bond breakeven rate calculator.

• Calculate different rates given different compounding periods (with graphs).

• T-bill yield and/or T-bill current market price finder.

• Bond equivalent yield - used to turn the 360-day T-bill rate into the 365-day rate.

• Simple current yield.

• CD equivalent yield (AKA money market equivalent yield - used to compare T-bills to 360-day money market instruments.

• Convertible bond calculators.

• Portfolio Yield Calculator: Calculates the combined average income/dividend yield on your total investment portfolio; see how much income, or paycheck, your total portfolio will produce on a daily, weekly, monthly, and annual basis.

Time Value of Money Calculator (Financial tools for the little jobs): Financial software that has the usual time value of money calculators: Present value, future value, interest rate, payment, net present value finders, plus:

• The first six sheets of the demo are a large collection of free financial calculators that perform all of the usual TVM functions (time value of money): Loan amortizer, present values, future values, payments, CD penalty calculator, rent vs. own a home calculator, cost of raising a child calculator, life expectancy calculator, etc.

• The most detailed mutual fund investment projector ever created. Input basic parameters, and see details about growth, shrinkage, taxes, basis, costs in percentages, etc.

• The most functional 401(k) and 403(b) calculators ever created.

• Asset growth and payout: The most detailed investor software ever created that grows and pays out income.

• 25-year dollar-weighted IRR calculator that tells the rate of return each year, and averages for multiple years, considering all of the unequal/separate monthly cash flows that happen with investment portfolios in the Real World: Dividends/capital gains/spent withdrawals, taxes on them, and contributions.

• 25-year time-weighted rate of return calculator: This is the same calculation methodology used by the CFA Institute, expensive software like Axys Advent, and brokerages when they prepare your financial statements. With this, you can get accurate returns on ALL of your investment accounts combined.

• Investment management fee calculator for investment advisors. If you have to calculate fees manually every quarter to tell your custodian how much to deduct from clients' cash accounts to pay you, then this will pay for itself with the first use. It has four tier schedules for determining both annual and quarterly fees.

• Investment Portfolio Yield Calculator: See the combined average income/dividend yield on your total investment portfolio.

• Employee stock option calculator.

• Age 70½ (and inherited IRA) IRS Required IRA Minimum Distribution Calculator (MDIB / MRD).

• All three versions of IRS 72(t) tax-qualified premature distribution calculators. Retire at age 50 and avoid pre-age-59.5 penalties.

• Average Tax Bracket Calculators.

• Six Social Security calculators compare and help decide when to start collecting benefits.

• Compound Interest rate comparator: Allows you to input and compare, on the same page, the growth (or shrinkage) of money given the three compound rates of return.

• Calculate difference interest rates given different compounding periods.

• Calculate simple IRR based on a series of up to 360 cash flows.

• Inflation Adjusted Income Stream Generator: It estimates how much you can withdraw every year without running out on money.

• Simple loan amortizing calculator for calculating payments, interest, principal payments, and payoff.

• Convertible bond calculators.

• Preferred stock yield to maturity and yield to call calculators.

Family Budget Software with 75-Year Cash Flow Projector (and Disability and Retirement Income Need Projector): This money calculator is used for tracking family expenses for normal times, and can also be used to estimate needs during disability or retirement. It has many uses, such as calculating how much you're really spending, comparing that to incomes, your average/effective tax bracket, categorizing expenses, gas mileage, etc.

The cash flow projector takes each expense in three categories - fixed, variable, and debt service; and then adds the inflation rate you input (globally or on each expense), and comes up with the next year's number.

You have total control over every item in every year, so you can project your household budget 75 years into the future down to the dollar (and then use these future numbers as inputs into your retirement plan).

Excel's built-in Goal Seek function makes both the budgeting tool and the cash flow projector by far the most flexible, powerful, and functional family budgeting tool ever created. You can do any "What If" scenario that any other budgeting software can do, plus dozens more they can't do.

Financial Planning Fact Finders (Data collection/discovery tools): Not for consumers.

Thousands of Real World financial planning and investment management clients, since 1988, went into making these by far the best client discovery tools on the market. Just print and give to clients or prospects, and it comes back filled out so you can input data into financial planning software. If your clients are computer literate, then they can follow the directions and you can get them back and forth via e-mail.

You can edit them any way you want to fit your practice. They are refined continually to qualify, and get all of the important information needed from basic to advanced financial planning and investment management, and also for input into the highest level of any comprehensive financial planning program.

Great for staying out of trouble and keeping compliance people happy too, because you'll have what they told you they wanted - suitability, risk tolerance, and all of these important things covered and on record in the clients' files.

Investment Comparator: The only investment software that with simple input, properly compares the most common 23 methods of investing with each other.

No more taking peoples' word that Roth IRAs are better than traditional IRA/401(k)s, or that using any tax-qualified plan will make or break your retirement, and that annuities are the solution to any problem.

Its other main function is to be able to do the most accurate comparison of "buy term life insurance and invest the difference vs. cash value life insurance."

This is the only investment software ever created that allows you to compare the long-term effects of all of the most popular ways to invest apples-to-apples with each other. See how traditional wisdom and what you've known for decades has been wrong. The proof is finally in the numbers, and flow so well and are so transparent, that anyone can figure out what's really going on.

Rental Real Estate Calculator: Want to see how a rental property (or a portfolio of up to five properties) has really done over its life, or estimate what it will do? Just a few minutes of input, and this program will give you IRR and NPV, for all properties - separately, combined, unweighted and weighted.

It considers all cash flows, taxes, depreciation, basis, purchases, sales, commissions, will handle one refinancing, and more.

See a property's net present value both pre-tax and post-tax, to see instantly if it's over- or under-priced. Control most every number in every year for unprecedented control and accuracy.

Net Worth Calculator (Balance sheet maker): By far the most powerful, functional, and flexible personal net worth calculator ever created.

It shows overall net worth listing everyone's assets and liabilities with a pie chart. An "all assets" sheet showing all assets, with up to 12 time frames where you can get percent changes (per asset and account). A sheet that just shows non-qualified assets, and another just showing qualified. A sheet that shows asset values, basis, and the after-tax values considering both ordinary income and capital gains taxes. A sheet that breaks out liabilities for each account and family member. A generic input sheet, and four input sheets for each family member. Input up to five accounts for each of the following: Client, spouse, jointly held/community property assets, and children's assets (for a total of 20 separate portfolio accounts). Calculate snapshots of assets and liabilities held by everyone, net worth, balance sheet, asset allocations, and after-tax asset values, for up to 500 assets.

75-Year Net Worth Projector: By far the most powerful, functional, and flexible personal net worth projector ever created.

Control every number in every year. Integrate with other retirement planners. It takes the data entered into the Net Worth Calculator (above), and then automatically forecasts everything into the future. You have total control over every number in the 75-year window.

In addition to everything on the Net Worth Calculator, the Net Worth Projector has: A presentation sheet that shows all of the twenty account's annual values for 75 years, both in table and graphic form. Assets are shown by all client accounts, all qualified, all personal, and total combined assets. Same for spouse, jointly held assets, and children's assets. An input sheet where you can control every year's value for all 500 assets, via year-by-year manual override for every asset's end of year market value, and rate of return.

Investment Policy Statement Template (IPS): Not for consumers, but a must-have for any investment portfolio manager working with individual clients.

Forget fancy-shmancy, hard-to-use, full of bugs and meaningless details, and way too expensive IPS tools. All you need to do is edit this Word document and print. It covers most everything other sophisticated programs have for individual clients. Can be used as a template, and can be customized for each client in minutes.

Prospect Marketing Seminar: Not for consumers. ~200-slide unprotected PowerPoint seminar covering financial planning, the money game, risk management, retirement planning, investments, asset allocation, portfolio optimization, and more.

Contains a script that suggests what to say for each slide. You can make any changes you want to it. Use it as a base to help build your own custom seminar, so you can say what you want and not be stuck with canned expensive presentations you can't customize.

Financial Planning eBook: An "uncensored" how-to money eBook to enlighten you the on the mysteries of the financial services, financial planning, estate planning, insurance, banking, and investment businesses.

Learn how to manage your own investment portfolios better than the pros.

If you're new to the business, this financial planning book could literally save your life. Learn what these businesses are really about, from an insider's point of view, so you can make informed decisions about your financial future. This is the one and only place you can learn how the industry is truly organized, motivated, and how to navigate it to make it work in your favor.

Life Insurance Needs Calculator: By far the most powerful, functional, and flexible life insurance needs calculator ever created for both financial professionals and consumers.

This life insurance software will tell you how much life insurance you and your family really need, by letting you input exactly what you want to insure for. This is the only life insurance software that calculates both current needs, and how much life insurance is needed every year, up to 75 years into the future.

It's also the only life insurance needs calculator that allows you to input exact figures into manual override columns, to account for changes in incomes, expenses, Social Security, declining debts like mortgages, etc.

Input all lump sum needs (it tells you what these are), and then input data to replace the breadwinner's income. It then calculates everything (taking into account Social Security benefits and all other sources of survivor's income). Control every number in every year so you can calculate your exact needs, so you can minimize the expense of maintaining costly life insurance.

College Planning Software: By far the most powerful, functional, and flexible college funding software ever created for calculating how much is needed to put one, or up to five students at a time, through college.

This will help you calculate how much money you need to invest, both lump sum, and/or monthly, to reach a future need (putting someone through college both now, and in the future).

You have total control over every number in every year. It also does a side-by-side comparison of two different scenarios (like public vs. private college) at the same time. This college savings software has the most detailed student budget calculator, and is the only program that allows you to input different expense inflation rates, so you account for things like tuition going up at a 10% annual rate, and rent going down at 1%.

It also has investment asset allocator sheets for managing the money set aside for college funding.

Only our college planners use a superior Monte Carlo simulation methodology (most don't have it at all).

Custom Benchmark Portfolios: Custom investment benchmarks are used to compare performance of actual portfolios to a portfolio comprised of indices, using the same weights and time frames, as the actual portfolio. This is the proper way to see how much value investment choices added to your money management strategy. If you want to know what the performance would have been using indices instead of the actual investments you picked (mutual funds, stocks, etc.), over a given time frame, then this is the only way to do it properly.

New Prospect Binder: Not for consumers. This is something everyone in the fee-based investment management business should have. You'll need a marketing / firm fact / bio package to either send to new people in the mail, or give them to take home after the first appointment. This page lists what you need, has some freebies, and offers two tools to help you get your financial planning marketing binder up to speed.

Personal Finance Calculator: A very scaled down version of RP. It's for those who want extreme power compacted into the smallest, quickest, and easiest to use retirement calculator ever created. It was inspired by the personal finance guru, Terry Savage, and has the same Monte Carlo capability as the other retirement planners.

RP Retirement Plan Calculator: Scaled-down retirement savings software. A less complex retirement plan calculator that lets you quickly and easily run retirement projections. It uses a superior Monte Carlo simulation methodology than other retirement planners.

Age 70 and a half IRS Required Minimum Distribution and 72(t) Calculators (AKA: MRD or Minimum Required Distribution calculators, and MDIB - Minimum Distribution Incidental Benefit Calculators)

Disclaimer: This financial plan software is designed to allow financial planners, investment managers, other financial services professionals, and investors, to demonstrate and evaluate various financial strategies in order to help achieve their clients', or their own financial goals. There are no guarantees that any of the software will perform this function. The investment choices and services on this site are provided as general information only, and are not intended to provide investment, tax, legal, financial planning, or other advice. This site is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security, which may be referred herein. Mutual fund recommendations made are suggestions only, and customers should evaluate the suitability of each fund for their own holdings on their own or seek professional advice. Consult with your financial, legal, or tax advisor with regard to your individual situation. Toolsformoney.com is not engaged in rendering legal, accounting, tax, or other professional advice. In no event shall Toolsformoney.com be liable to customers for any damages whatsoever, including lost profits or savings, missed gains, or other incidental or consequential damages arising out of the use, or inability to use, any of the software or information obtained from this website. Financial estimates are generated by using many assumptions made by the program, clients, and the user. No person or software program can predict the future with any degree of certainty. No warranty as to correctness is given and no liability is accepted for any error, or omission, or any loss which may arise from relying upon data generated from reports produced by this program. In no event shall Toolsformoney.com be liable to you or any other party, for any special, consequential or incidental damages suffered by you or such other party as a result of any problems that may arise because of the installation or improper use of this software or presentation of reports produced by this software. All reports generated by this financial software are only rough estimates of many possible future scenarios.

Use the custom deal form

Financial Software

Fully Integrated Financial Planning Software

Menu of Retirement Planning Software

Asset Allocation Tutorial with Our Historical Returns

Comprehensive Asset Allocation Software

Model Allocations with Our Historical Returns

Monthly Updated Mutual Fund Picks: 94 Investment Picks

Financial Plan Tools for the Little Things that Go Into Creating Financial Plans

Family Budgeting Calculator and 75-year Cash Flow Projector

Financial Planning Fact Finders for Financial Planners Gathering Data from Clients

Investment Policy Statement Software