by CI Staff
Personal Finance Forecast is a tool that can be used to estimate annual cash and future net worth. Every calculation is explained, and descriptions of each function are built into the program to help you enter your information.
Once you download the program, you will begin to input your personal information. If you click on Setup, you will see the personal data page. The “first person” is whoever is using the program for analysis, but if you choose to add a second person (if you have a spouse, for example) you have that option as well. Users will enter their current age, employment start age, expected retirement age, expected private pension starting age and expected Social Security starting age. The ages that are entered are used in retirement, Social Security and tax-deferred savings distribution calculations.
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