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FinCast's financial model will compute your financial balance in yearly buckets going out 20 years. It will take the ending balance of the previous year, add all the sources of funds reduced by the uses of funds and update the next year balance. All of your extraordinary purchases and income along with inflation and depreciation considerations ate computed.

Steps

  • Enter your data using guidance from the Help with Data Entry column
  • Click on contact form and submit

Standard Analysis Form

This field is for validation purposes and should be left unchanged.
Name

Sources of Term Funds (These Have a Beginning Year and Ending Year)
Uses of Funds (Recurring)-rent, Food, Dining, Entertainment, Insurance, Mortgage, Etc.
Uses of Funds (One Time)-examples: (Purchase of Car, Real Estate, College Tuition)
Assumptions

Help With Data Entry

Refering to line #, just enter the info where asked. All dollar values are after tax amounts

Line1. Add up your investment accounts. Including IRA, Roth, Individual, pension and enter the value on line 1 the green box.

Line2. Add up the real estate you own and enter the total in line 2 Lime green

Line3. Lasting funds are incomes that do not end. Like social security, perhaps pensions, annuities and the like. Enter the sum of these on line 3, yellow.

Line4. Perhaps you may have an income source that starts and ends at a point in time. There is allowance to enter 2 such events. Enter the amount of income in line 4.

Line5. Enter beginning year

Line 6. Enter ending year

Line 7,8,9. repeat if needed

Line 10. You have recurring expenses every year like food, rent, mortgage, eat out, insurance, clothing, etc. Enter the total sum at line 10.

Lines 11 to 16
You may have one time expenses for example: Purchase of a car, real estate, college expense, vacation, second home. These are just examples. Enter these here. We need the dollar amount and the year of expense.

Lines 17 to20
These are the assumptions of economic forces. Like

  • Real Estate appreciation rate %
  • Percent of gain in your investment accounts
  • Cost of living inflation rate %
  • Income inflation rate
  • Income inflation rate. If you have an income stream you may consider it increasing annually. So you may input a percent adjustment.

But NOT to worry, we have default adjustments so no input is required.

Please provide you thoughts in the comments box to respond to you specific needs for or questions. Please provide your thoughts in the message box so we can respond to your specific needs or questions. The message box is found at the contact page.

Discussion of Taxes

FinCast calculates the funds required to meet expenses by withdrawn from the investment accounts. FinCast does not attempt to estimate your taxes. You are asked to input after tax amounts in the data input form.

When a withdrawal is made from an investment account the tax rate can be from zero % (long term capital gains, Roth, cash account) to your tax bracket (IRA,401K, short term gains). Furthermore, the future of tax rates is unknown. Therefore, we apply an estimated average rate of 7% to your withdrawals. Change this rate at line 21 of the Standard Analysis Form.