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Comprehensive Financial Planning

Financial planning is a very precise business. Creating a lifetime financial plan requires incorporating key inputs and making highly detailed annual tax and Social Security benefit calculations.

ESPlanner software includes the inputs, taxes, and benefits listed below in formulating its recommendations. Once you have set up a basic profile, you are off and running. You can copy it and then modify it to consider numerous "what if" scenarios and begin discovering ways to raise your living standard.

ESPlanner Inputs

  • Demographics
  • Wages
  • Self-Employment Earnings
  • Regular assets
  • Retirement accounts
  • Pensions
  • Life Insurance
  • Social Security
  • Estate plans
  • Annuities
  • College expenses
  • Gifts to children
  • Reserve fund
  • Primary home
  • Vacation home
  • Changes in taxes
  • Changes in Social Security
  • Future housing plans
  • Special receipts
  • Real estate
  • Portfolio allocations
  • And more

ESPlanner Incorporates

  • Federal income taxes
  • FICA taxes
  • State income taxes
  • Social Security retirement benefits
  • Social Security spousal benefits
  • Social Security survivor benefits
  • Social Security parent and child benefits
  • Medicare Part B premiums

ESPlanner's Tax Provisions

  • The Alternative Minimum Tax
  • Itemization decision
  • Tax credits
  • Deductions and exemptions
  • Capital gains and dividends
  • State-specific schedules
  • Social Security benefit taxation
  • Federal bracket indexation
  • Real estate depreciation
  • Capital gains on home sales
  • Municpal bond preference
  • Self-employment tax

ESPlanner's Social Security Provisions

  • Early retirement reduction
  • Delayed retirement credit
  • Earnings test
  • Recomputation of benefits
  • File and Suspend Strategy
  • Repaying and reapplying
  • Family benefit maximums
  • Average wage indexation
  • Inflation indexation
  • Government Pension Offset