Financial Calculators
(Click on the titles below to select your calculator)

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.

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.

Should I Pay Down Debt Or Invest My Monthly Surplus?
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.

How Long Will My Money Last With Systematic Withdrawals?
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 transportation costs, etc. need to be considered.

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. Similarly, 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.

How Much Should I Be Saving For College?
With college costs increasing at twice the rate of inflation, it is important to start saving early. Interest working for you now in a regular savings program is much better than having interest work against you in the future in the form of education loans.

What Are The Advantages Of A 529 College Savings Plan?
Tax-deferral can have a dramatic effect on the growth of an investment. With a state-sponsored 529 College Savings Plan your contributions can grow tax-deferred (some states allow contributions to be partially or completely deductible) and distributed income tax-free as long as distributions are used for qualified education expenses such as tuition, fees, room and board at higher education institutions.

When Should I Begin Saving For Child's College?
When saving for college, compound interest can be your friend. However the longer you wait to start saving the less interest you will accumulate and the more you will have to save.

How Long Will It Take To Pay Off My Credit Card?
Americans today owe more money than ever before. The fact that 'interest never sleeps' means that the situation will continue to worsen unless steps are taken at the individual level to reduce or eliminate debt.

Should I Pay Off Debt or Invest?
When you receive some extra money it may be difficult to determine whether you should invest the funds or use them to pay towards liabilities. Financial theory recommends that if your after-tax return on investments is greater than your after-tax cost of debt then you should invest.

Should I transfer my credit card balances?
You might realize significant monthly interest savings by transferring your higher rate credit card balances to a lower rate credit card.

How Much Home Can I Afford?
When you're buying a home, mortgage lenders don't look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating.

Which is Better: Fixed or Adjustable-Rate Mortgage?
It is a difficult decision to decide between a fixed and an adjustable-rate mortgage. Factors such as loan duration, the index used by the lender, the number and timing of rate adjustments, and your assumption about the increase/decrease of future interest rates all have an impact.

Should I Refinance My Mortgage?
Over the last couple of years with interest rates at a 40-year low, many people refinanced their mortgages. Even though rates have crept up over the last couple of months, refinancing may make sense for you.

What Are The Tax Savings Generated By My Mortgage?
With the interest on a mortgage being deductible when you itemize deductions, it may surprise you how much you can save in taxes.

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.

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.

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.

What Are My Long-Term Care Needs?
There are basically three ways to fund your long-term care needs: self-insure, qualify for Medicaid, or obtain long-term care insurance.

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.

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.

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.

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.

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.

Certificate of Deposit (CD) laddering strategy
Typically you can receive higher crediting rates on a CD if you commit to leaving your money with the bank for a longer period of time. This lack of liquity causes many people to choose shorter-term CDs at the expense of receiving the higher interest rates. CD laddering is a strategy that gives you the benefit of receiving the higher-interest crediting rates of longer term CDs but still provide you with some liquidity.

Share Certificate analyzer
Use this calculator to help determine the potential interest growth and tax liability on your Share Certificate.

Convert My Salary To An Equivalent Hourly Wage
Use this calculator to determine what your hourly wage equates to when given your annual salary - it may surprise you what you make on an hourly basis.

Convert My Hourly Wage To An Equivalent Annual Salary
Use this calculator to determine your equivalent annual salary when given what you get paid per hour - it may surprise you what you make on a yearly basis.

How Much Will My Company Bonus Net After Taxes?
A bonus from your employer is always a good, however, you may want to estimate what you will actually take-home after federal withholding taxes, social security taxes and other deductions are taken out.

How Will Payroll Adjustments Affect My Take-Home Pay?
Many factors can affect your eligibility and contribution limits to either the Traditional IRA or Roth IRA - tax filing status, your current earned income level and whether or not you participate in a retirement plan at work.

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.

What Is The Impact Of Borrowing From My 401(k) Plan?
Some qualified retirement plans include the option for qualifying participants to a take a loan against their retirement account balance. Many people borrow from their retirement plan to pay off high-interest debt or to make a major purchase.

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.

Self-Employed Retirement Plan Maximum Contribution Calculator
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).

Should I Convert To A Roth IRA?
Roth IRA is a great way for clients to create tax-free income from their retirement assets. Yet, keep in mind that when you convert your taxable retirement assets into a Roth IRA you will generally pay ordinary income tax on the taxable amount that is converted.

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.

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.

Compare the 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.

How Much Should I Save to Reach My Goal?
What are you saving for: a computer, car, boat, summer home, down payment?

Becoming A Millionaire
It may surprise you how quickly you can accumulate a million dollars.

How Long Until My Savings Reach My Goal?
Compound interest can have a dramatic affect on the growth of a single deposit.

Federal Income Tax Estimator
Taxes are unavoidable and without planning, the annual tax liability can be very uncertain.

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.

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.

How Much Self-Employment Tax Will I Pay?

Self-employment taxes are comprised of two parts: Social Security and Medicare. For 2013, you and your employer each pay Social Security taxes of 6.2 percent on the first $106,800 of your covered wages.

Should I Lease or Purchase An Auto?
Leasing has become a very popular method of acquiring a new auto. Although the payments may seem attractive, it may not always be the best financial decision versus purchasing the vehicle outright and financing it with a low interest loan.

Auto Purchase: Loan Versus 0% Dealer Financing?
At first glance, 0% financing appears to be the best option when purchasing an auto. However, if you choose to finance through a bank or credit union you may be eligible for a dealer rebate.

What Would My Auto Payments Be?
Many factors go into determining the final loan amount for the purchase of a new or used vehicle. These factors include any manufacturer's rebate, the trade-in value of your old vehicle less any outstanding balance, your down payment, etc.

Should I Upgrade To A More Fuel Efficient Vehicle?
It may make financial sense for you to sell your current vehicle and purchase one with better gas mileage. Taking into account the monthly savings at the pump, the financial question is how many months will it take you to recover the out-of-pocket costs you incur with the purchase of a new vehicle.

What are the tax savings of a qualified retirement/cafeteria plan?
Implementation of a Qualified Plan and/or Section 125 Cafeteria Plan can result in significant tax savings and benefits to both the employer and employee.

What are my new business startup costs?
Before you launch a new venture, you should take the time to estimate the total capital that will be needed. Startup costs are divided into two main categories: one-time startup costs and recurring monthly expenses. Depending on when you expect to receive payments for your goods and services, it may be wise to begin with several months of working capital.

Should I pay or charge monthly, quarterly or annually?
Use this APR calculator to help determine whether it makes sense financially for you to pay your creditors and/or bill your customers either monthly, quarterly or semi-annually.

What is the value of my business?
Similar to bond or real estate valuations, the value of a business can be expressed as the present value of expected future earnings.

How many units do I need to sell to break even?
Given your profit margin, it is important to know how many units of a certain product that you will need to sell in order to cover your fixed/startup costs.

What are my tax savings with Section 179 deduction?
Section 179 of the IRS tax code gives businesses the opportunity to deduct the FULL purchase price of qualifying new and used equipment, and software placed into service during the tax year they were purchased or financed. This tax break encourages small businesses to invest in themselves and to purchase equipment sooner rather than later.