Share

Retirement planning is difficult for many people because of all of the unknowns that go into the calculations. Estimating incomes, inflation, and retirement account earnings can give you a good picture of how much you need to save for a secure retirement, but you will still need a plan for how to achieve your retirement savings goal. Fortunately, developers have created a number of great apps that can help with your retirement planning. Here are six that you should try.

Acorns – The Acorns app allows you to invest your spare change in low cost exchange-traded funds. The app works by rounding up purchases on your debit or credit charges to the next dollar and investing the difference. The funds are invested in one of six portfolios of your choosing. There are three tiers of fees for the service: $0 for all students and anyone under age 24, $1 per month for accounts under $5,000, and 0.25 percent per year for accounts over $5,000.

Level – Level is a personal finance app that provides guidance on a good amount to allocate for monthly spending and how much you should be saving for the future. The app calculates your monthly income and bills based on your banking and spending history, then makes suggestions on spending limits and savings goals.

Loan Calculator Pro – The Loan Calculator Pro app helps you figure out the best way to pay off your existing loans so you can eliminate your debt. Using the app, you can see what putting an extra $100 per month towards your car loan or credit card payment would do for your balances. The sooner you get out of debt, the more money you will have to put towards your retirement planning.

Mint – The Mint app helps you identify where your money is going so you can make adjustments according to your priorities. The app automatically categorizes your transactions so you can identify the areas where you need to cut back and reallocate that money towards boosting your retirement savings.

Personal CapitalPersonal Capital helps with retirement planning by giving you an overview of your investments and finances in general. With the free version of the app, you can sync all of your investment accounts track your net worth and manage your cash flow management. The app can also analyze your portfolio and fees, providing you with a detailed insight on your investments.

You Need a Budget – You Need a Budget is a great app to use if you are unclear on where your money is going each month. The app tracks what you spend, what you have left over and how much you could be stashing away for your future.

All of these technological tools to help with retirement planning can be set up in fifteen minutes or less, giving you the power to plan for your financial future with minimal effort. What might have taken hours before, now only takes minutes a day to track and adjust your finances to keep your retirement planning on track.

Join our newsletter

Screen_shot_2017-04-25_at_1.05.57_pm

Subscribe to get the latest "Engineer Your Finances" content via email.

Powered by ConvertKit
About the author

Join our newsletter

Subscribe to get the latest "Engineer Your Finances" content via email.

Powered by ConvertKit

ModestMoney.com Top Finance Blogs

Archives

SSCP   CAS-002   9L0-066   350-050   642-999   220-801   74-678   642-732   400-051   ICGB   c2010-652   70-413   101-400   220-902   350-080   210-260   70-246   1Z0-144   3002   AWS-SYSOPS   70-347   PEGACPBA71V1   220-901   70-534   LX0-104   070-461   HP0-S42   1Z0-061   000-105   70-486   70-177   N10-006   500-260   640-692   70-980   CISM   VCP550   70-532   200-101   000-080   PR000041   2V0-621   70-411   352-001   70-480   70-461   ICBB   000-089   70-410   350-029   1Z0-060   2V0-620   210-065   70-463   70-483   CRISC   MB6-703   1z0-808   220-802   ITILFND   1Z0-804   LX0-103   MB2-704   210-060   101   200-310   640-911   200-120   EX300   300-209   1Z0-803   350-001   400-201   9L0-012   70-488   JN0-102   640-916   70-270   100-101   MB5-705   JK0-022   350-060   300-320   1z0-434   350-018   400-101   350-030   000-106   ADM-201   300-135   300-208   EX200   PMP   NSE4   1Z0-051   c2010-657   C_TFIN52_66   300-115   70-417   9A0-385   70-243   300-075   70-487   NS0-157   MB2-707   70-533   CAP   OG0-093   M70-101   300-070   102-400   JN0-360   SY0-401   000-017   300-206   CCA-500   70-412   2V0-621D   70-178   810-403   70-462   OG0-091   1V0-601   200-355   000-104   700-501   70-346   CISSP   300-101   1Y0-201   200-125  , 200-125  , 100-105  , 100-105  , 1Z0-803  , 400-051   EX300  , CISM   100-105  , 000-106   400-201   642-732   220-902   70-410  , MB6-703   810-403   70-243  , CAS-002  , AWS-SYSOPS   70-462   70-410   2V0-621   LX0-103   70-461  , 220-902   1Z0-144   70-178   70-270   350-080  , 1Y0-201   1z0-808  , NSE4   102-400  , ADM-201   SSCP  , 200-125  , 640-911   000-104   640-692   300-320   350-060   000-089  , 000-017   1z0-808   700-501   1Z0-051  , 70-177   M70-101   300-209   70-461   3002   N10-006   VCP550   70-487   300-320  , 3002   700-501   NS0-157  , 1V0-601   CAS-002