Vero Beach, FL – In a website post, East Coast Tax and Financial Planning announced that it had added financial calculators to the website to help locals prepare for retirement.
The team noted that the RMD financial planning calculator is a valuable tool for those who are nearing retirement age. It helps retired individuals who have reached the IRS age requirement calculate the amount of money they will be required to withdraw from their retirement accounts each year in order to meet the IRS minimum distribution requirements. This calculator takes into consideration factors such as age, account balance, and life expectancy to provide an estimate of the RMD amount.
The firm pointed out that the tax calculator is another valuable financial planning Vero Beach tool for those seeking to understand their tax obligations. It takes into account various factors, such as income, deductions, and credits, to provide a rough estimate of an individual’s tax liability. The firm emphasized this is not a tax preparation software. They recommend seeking a qualified tax professional to actually file returns and getting advice.
The comprehensive life insurance analysis calculator helps individuals determine the appropriate amount of life insurance coverage they need. It takes into account an individual’s current income, outstanding debts, future expenses, and desired legacy to calculate the ideal coverage for their unique situation. This tool aids individuals in making an informed decision when purchasing life insurance policies, ensuring they are adequately covered for unforeseen circumstances.
The company mentioned that the compound savings calculator is a beneficial tool for individuals looking to save and invest for the future. It takes into account variables such as initial investment, contribution amount, duration, and interest rate to estimate the potential growth of their savings over time. This tool is particularly helpful for individuals planning for major expenses, such as buying a house or sending their children to college. It allows them to plan and make informed decisions about their savings and investment strategies. It can also be useful to calculate how much money you will make on that bank CD you just purchased or other fixed-rate interest-bearing accounts.
Lastly, the financial advisor Vero Beach affirmed that the long-term care required savings calculator is a helpful tool for individuals planning for their long-term care needs. It considers factors such as current age, desired lifestyle, and expected costs of long-term care facilities to estimate the required savings to cover those costs. This tool assists individuals and their families in preparing for potential long-term care expenses, ensuring they do not face financial challenges in the future.
About East Coast Tax and Financial Planning
East Coast Tax and Financial Planning is a premier tax, investment, and financial planning firm. The addition of these financial calculators to their website showcases the firm’s commitment to helping locals in Vero Beach and the surrounding areas prepare for their financial future. The firm provides professional guidance and services in retirement planning, tax optimization, estate planning, and wealth management. The firm is committed to excellence and integrity in its dealings.
Disclosure: Wealth Management and Investment Advisory Services are offered through Truvestments Capital LLC, an SEC-registered investment advisor.
Media Contact
Company Name: East Coast Tax & Financial Planning
Contact Person: Danny Howes, EA, RFC
Email: Send Email
Phone: (772) 774-7970
Address:2945 Cardinal Dr
City: Vero Beach
State: FL 32963
Country: United States
Website: https://www.eastcoasttaxandfinancial.com/