FarPlanner aims to be a comprehensive financial planning tool. Because FarPlanner considers so many financial aspects at once, it can be a little overwhelming to start building out your own plan.
Don’t despair!
You can slowly pick away at your plan over time. When you first start a new planning project with FarPlanner, you can start to build out these items:
- Add yourself and your family members: Provide birthdays, estimated college & retirement years, typical expenses over the years
- Add your accounts: Provide all of your taxable, college, IRA, Roth and annuity retirement accounts. Include current balances and allocations.
- Add your current and planned automobiles: Provide financing and value amounts, typical expenses over the years
- Add your current and planned homes: Provide financing and value amounts, typical expenses over the years
- Import your actual financial info: Just do this for active accounts (e.g., checking, credit card). This info can improve FarPlanner’s forecasts
You don’t have to fill in all these details at once. You can edit and add information as you see fit. The more information you add, the more accurate FarPlanner’s forecast might become.