Posts Tagged ‘financial planning’
eFinPLAN is an online financial planning software that I have been using for the past few months. If you are interested in a review, you can check out my eFinPLAN Financial Planning Software Review. Over the next few days, I’ll be doing a review of the resulting financial plan produced by eFinPLAN so [...]
In the past few years, Americans average savings rate has declined precipitously — in fact the current savings rate is practically zero. This means that as a society, we are not saving any money. Worse, we have a habit of borrowing to fuel our consumption. We are spending more than [...]
Money management is a tedious endeavor for many of us. It takes a significant amount of time and energy to keep track of expenses, come up with a balanced budget, and figure out ways to save money. Personally, I put my finances on autopilot and don’t worry about these things. However, I [...]
Kent Irwin, who recently wrote a guest article: Is Suze Orman Right, Can You Be Your Own Financial Planner?, sent me a free license to use his eFinPLAN online financial planning software. In this post, I am going to provide you with my initial experience, and I will follow up with a second post [...]
Many of us are working toward a comfortable retirement so that we can relax and enjoy our golden years. Money experts often give advice on how to reduce debt and retire early, yet they overlook the people who have already reached retirement age. There are plenty of seniors who are still in need of some [...]
About the Author: This is a guest post by Kent E. Irwin. He is founder of eFinplan.com, online comprehensive financial planning software for consumers. He is also a Chartered Financial Consultant (ChFC), a Chartered Advisor in Philanthropy (CAP) and a Chartered Life Underwriter (CLU). He can be reached at kirwin [at] efinplan [dot] com.
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In “7 Costly Retirement Savings Mistakes to Avoid,” I had mentioned that waiting too long is the number one mistake. I am afraid I didn’t demonstrate it well, so here is a different look at the concept.
Assume that in each scenario, the investment grows at 10% per year*.
* Based on historical data, investment gain [...]
