You can use this calculator to discover how much you would save if you refinanced - and shows you if it's even wise to refinance. The Refinance Calculator dialogue box looks like this: The Refinance Calculator is also located in the Planning Tools button menu, just as the other calculators we've discussed. Just as with the Investment Savings Calculator, specify if you will increase your contribution to match inflation.Ĭlick Calculate when you're finished. This should be expressed as a percentage. In the Inflation box, type the inflation rate for college tuition.
Now, in the Annual Yield box, type the annual yield that you expect the savings to earn. In the Current College Savings field, type the amount you already have saved for college. In the Number of Years Enrolled, type a number that represents the number of years you estimate your child will be enrolled in college. Next, enter the number of years before your child will enroll in college. In the College Calculator dialogue box (pictured above), enter the annual college costs in the Annual College Costs box. Click on the Planning Tools button and select the College Calculator. To use the College Calculator, go to the Planning tab. It helps you plan how much you need to save in order to be able to pay for your child's education. The College Calculator works a lot like the Retirement Calculator. You can then look at the annual Retirement Income After Taxes field. This means the amount you save is untaxed, such as an IRA, annuity, or 401(k).Īfter you've entered all information, click the Calculate button. Specify whether you plan to save for your retirement in a tax-sheltered investment. In the Other Retirement Income, enter in any other income you expect to receive, such as Social Security. Now, just as with the Investment Savings Calculator, enter the anticipated inflation rate and the annual contribution amount. In the Annual Yield text box, enter the percentage number that you expect this account to earn. In the Current Savings box, enter how much you currently have in your retirement account. Frankly, this will be when you die most likely, so make the number fairly high. Next, enter the age for which you want to continue to withdraw from your retirement account. You will then see the Retirement Calculator dialogue box.Įnter your age in the Current Age box, then enter your retirement age in the Retirement Age box. Click on the Planning Tools button, then select Retirement Calculator. You can use it to plan for contributions to your 401(K) and other profit sharing plans to determine how much you need to put back and save for retirement. The Quicken Retirement Calculator can help you plan for your retirement. Put a check beside "Increase Based on Inflation Rate" if you will increase the amount annually to match the annual inflation rate.Ĭlick Calculate. If you're going to add to your investment each period, enter that amount in the Regular Contribution box. Now, enter the anticipated inflation rate in the Inflation Rate text box. In the Save For field, specify how long you plan to save.
Next, enter the Annual Yield you expect it to earn. In the Savings Calculator, enter your Starting Savings Balance. If you can't see the Planning tab, go to View>Tabs to Show>Planning. Click on the Planning Tools button and choose the Savings Calculator. You can use it to figure out how much money you'll have if you save X amount of dollars for X amount of years in a mutual fund that earns 10% annually. The Investment Savings Calculator is a fun little tool to play around with.
#Quicken for mac tax planner how to#
In this article, we're going to teach you how to plan for your financial future using the tools and calculators that Quicken provides. You can plan for investments, retirement, children's education, and etc. You can also use Quicken to help plan for future expenses and create a savings plan to reach your goals.
0 kommentar(er)
