Planwithvoyant.com tool

Another site, Planwithvoyant.com, from Voyant Inc. of Austin, Texas, helps investors forecast the impact of unforeseen events. Step-by-step wizards guide you through the initial preparation of a financial plan, such as identifying your goals and entering income information and expenses. Then charts and graphs show your current financial condition and allow you to test the financial effect of what-if scenarios, such as an unexpected pregnancy or an early retirement. You can also run simulations on how to mitigate those risks, say, by adding insurance or altering your investment strategy.

For specific questions and advice, you can reach out to Voyant’s online community forum or check in with a financial professional in your area. If you choose this free option, you’re presented with a list of local advisers, where you can check out their credentials and choose to ask one of them for feedback. (The site says advisers in this service must be registered with the Financial Industry Regulatory Authority, or Finra. They pay for subscriptions to the service, and offer help, as a way to drive new business.)

via The Best Online Tools for Personal Finance – WSJ.com.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s