Sample Personal Balance Sheet Template (Excel file)
Medscape Physician Debt and Net Worth Report 2016 (Medscape.com Medscape has more recent reports, by year, gender, location, and specialty. The 2016 version is provided because it is publicly available and does not require registration on the site. You should be able to create login credentials to access more recent materials.
Car purchase vs lease:
Merrill Edge Refinancing Calculator Estimates total impact of refinancing a mortgage. Lays out impact of changes in term, interest rates, closing points and fees on total repayment, principal repayment and interest repayments.
Schwab College Savings Calculator Estimates projected costs of a college education for multiple students based on attendance timeframe. Estimates monthly savings required to be able to fund a specified portion of the total cost per student.
Merrill Edge College Planning Calculator Estimates the projected costs of a college education for multiple students based on attendance timeframe. Estimates monthly savings required to achieve goals.
Merrill Edge 529 Plan State Tax Calculator Estimates state tax savings net of federal tax, of saving in a 529 Plan by state.
Vanguard College Savings Planner Tool to estimate the projected costs of a college education for multiple students based on attendance timeframe and current age. Estimates monthly savings required to be able to fund a specified portion of the total cost per student.
Schwab Investor Profile Questionnaire Questionnaire to help investors assess their investment timeline and risk tolerance and select an investment strategy in line with these.
A Different Perspective on Stock Returns from an Active Asset Manager. This link is not provided to encourage you to become an active investor. It's simply here to introduce you to more information. I have personally known the author for over ten years and interviewed him for an MBA portfolio management class offered at the Johns Hopkins Carey Business School.
Fidelity Social Security Benefits Calculator Estimates monthly and lifetime benefits at different claiming ages and models the effect of factors such as current salary on benefits amount.
Merrill Edge Personal Retirement Calculator Provides retirement projection based on current income, investments and retirement goals. The effect of strategy changes can be modelled.
Schwab Retirement Income Quiz Very basic quiz designed to educate investors on retirement planning concepts.
The Fidelity Retirement Score(SM) Provides an estimate of monthly retirement income and a retirement plan rating (0-150). Effect of changing retirement age and monthly contributions can also be modelled.
TD Ameritrade Retirement Calculator Calculates likelihood of a specified amount of money lasting throughout retirement based on estimated life expectancy, retirement spending goals, assets in existing retirement accounts and planned additions. Tool also demonstrates the effect of a market crash on value of a portfolio and provides recommended next steps to improve likelihood of money lasting throughout retirement.
Vanguard Retirement Income Calculator Visual representation of predicted monthly income in retirement compared to projected monthly needs. Projection is calculated using current age, planned retirement age, current salary, predicted % of current salary needed for retirement, existing retirement savings, current annual retirement savings, estimated return on investment, estimated Social Security benefit and pension benefits.
Vanguard Retirement Nest Egg Calculator Calculates the likelihood of retirement savings lasting for a specified period, using current savings balance, projected annual expenditure and investment allocation.
Contribution Limits by Account Type:
Merrill Edge IRA Selector Tool Shows investors the maximum amount they can contribute to a Traditional or Roth IRA in a given tax year and provides information on the different features of these accounts. Note: calculator may still assume RMDs must begin at age 70.5. Recent tax-law changed this age to 72.
TD Ameritrade IRA Selection Tool Not a very sophisticated tool. Provides maximum contributions in a specified tax year to Roth and Traditional IRAs, depending on the investor’s income, filing status and age. Shows what contributions to a Traditional IRA are tax deductible.
Schwab RMD Calculator Separate calculators for Traditional/Rollover/SEP/SIMPLE IRAs and Inherited IRAs, allow investors to calculate the minimum annual distribution required from their retirement account once they reach 70.5 years of age. Note calculator may still assume RMDs must begin at age 70.5. Recent tax-law changed this age to 72.
Fidelity Required Minimum Distribution Calculator Estimates minimum annual required distribution from retirement saving once the retirement account holder is over 70.5. Keep in mind some providers have not updated their calculators to account for the higher age (72) at which RMDs must begin.
Fidelity Inherited IRA RMD Calculator Calculates the minimum required distribution from retirement saving for holders of inherited IRA accounts. Keep in mind some providers have not updated their calculators to account for the higher age (72) at which RMDs must begin.
Schwab Roth IRA Conversion Calculator Models out tax effects of converting a Traditional IRA to a Roth IRA. This requires a number of assumptions, including estimate of federal tax rate when you retire, number of years to retirement, and annual expected return on IRA investments.
Fidelity Roth Conversion Calculator Tool calculating the tax effect of converting money from another IRA type (e.g. SEP) to a Roth IRA vs leaving the money in the original account. Tool requires a number of assumptions.
Boglehads on Tax-efficient Fund Placement This article addresses some considerations when you have multiple investing accounts, including taxable and tax-advantaged accounts. Deciding in which account to hold which assets is known as Asset Location. Analysis can get quite detailed and contingent on many assumptions.
If you insist on going down the rabbit hole on asset location: Kitces on Asset Location
MIB Group, Inc. (“MIB”) is a membership corporation owned by over 400 member insurance companies in the US and Canada. Information you share with an insurer will be added to MIB’s database, where it will be accessible to insurance underwriters across the industry. Thus, if you were flagged with any past or existing conditions, these will be known, or accessible, to all insurers. I recommend requesting your MIB Consumer File at the bottom of this page.
Lemonade Inc. is a Public Benefit Corporation (B-Corp) providing home and renters insurance. According to the company's website, "Social impact is part of our legal mission and business model - not just marketing fluff."
Here are some potential sources of Term Life Insurance quotes:
Does genetic testing affect life insurance?
How does pregnancy affect life insurance?
Life Insurance and suicide
Links to Check Advisor Background:
Fee-Only Financial Advisors:
National Association of Personal Financial Advisors (NAPFA) – Fee-only financial advisors who take a fiduciary oath each year.
Garrett Planning Network – A network of fee-only financial planners
Government Regulators and Self-Regulating Agency Links:
Consumer Financial Protection Bureau (CFPB, 2011).
Medical Malpractice Insurance:
MedMal 101 basics provided by Diederich Healthcare (Inclusion herein is not an endorsement of Diederich Healthcare offerings)
NEJM on Employment Contracting and Interviewing Skills: