What Our Planning Tools Do
They can help you begin planning for your financial future. Simply by inputting some basic financial information and assumptions, you’ll take the first steps to meeting important financial goals.
And What They Won’t…
They cannot provide you with any final answers. Purely mechanical devices, calculators allow you to perform "hypotheticals," recalculating and generating new results as you input differently and make new assumptions. But they can’t take every assumption into account, they can’t consider all the information relevant to your needs, and they obviously can’t make decisions for you. For that, you’ll want to learn more about the issues.
Using these tools and educating yourself on the workings of life insurance and other financial products can help you feel more comfortable when discussing your needs with such professionals as your New York Life agent.
Please note: clicking on these links means you will be leaving this Web site and you assume total responsibility and risk for your use of the site(s) you are visiting. This information is being provided strictly as a courtesy.
- Links to Outside Calculators
How much Life Insurance do I need?
Will I save money if I pay my premium in a lump sum or in installments?
Taxable vs. tax-advantaged savings?
What are my needs for burial and final expenses?
What are the tax advantages of an annuity?
What is the future value of an annuity?
Are my current retirement savings sufficient?
I'm retired, how long will my savings last?
Will I be able to pay back my student loans?
How much should I save to reach my goal?
How much am I spending?
Do you know what yours is?
Business calculators and other tools including: Starting Costs Calculator, Investor Offering Calculator, Email ROI Calculator, Pay Per Click ROI Calculator, Cash Flow Calculator...
The calculators will show your retirement benefits as well as disability and survivor benefit amounts on your record if you should become disabled or die today.
The Office of the Actuary, Social Security Administration, produces a Social Security Benefit Calculator. It produces the Social Security benefit for an old-age, survivor, or disability claim, given the characteristics of a particular worker (such as birth date, past earnings, and type of benefit). It also produces the "primary insurance amount" (PIA), "maximum family benefit," the actuarial reduction or increment factor (for early or delayed retirement), and the monthly benefit amount (MBA).
Benefit estimates depend on your date of birth and on your earnings history. For security, the "Quick Calculator" can not access your earnings record; instead, it will estimate your earnings based on information you provide.
The Ballpark Estimate is an easy-to-use, one-page worksheet that helps you quickly identify approximately how much you need to save to fund a comfortable retirement.
The purpose of this application is to help employees ensure that they do not have too much or too little income tax withheld from their pay.
The CPI inflation calculator allows customers to calculate the value of current dollars in an earlier period, or to calculate the current value of dollar amounts from years ago.
The Mutual Fund Cost Calculator enables investors to easily estimate and compare the costs of owning mutual funds.
This analyzer calculates the future value of your savings plan based on the savings information that you designate.