A good financial plan also needs to include provisions for tracking the difference between your income and expenses (your savings), and how this difference grows over time.
It must also differentiate between tax-deferred (Roth IRAs, 401ks, annuities etc.) and taxable savings (interest income), so it can keep track of your average tax liabilities. The following link offers a savings report example, using REMY$ Financial Planner software.
You can get a good idea of how your personal savings are doing over time through REMY$ Financial Dashboard, which summarizes the result of calculating and projecting your personal savings (and your net worth) through the rest of your life expectancy.
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It must also differentiate between tax-deferred (Roth IRAs, 401ks, annuities etc.) and taxable savings (interest income), so it can keep track of your average tax liabilities. The following link offers a savings report example, using REMY$ Financial Planner software.
You can get a good idea of how your personal savings are doing over time through REMY$ Financial Dashboard, which summarizes the result of calculating and projecting your personal savings (and your net worth) through the rest of your life expectancy.
Next Topic