This blog is about financial apps called 'FinApps' that runs inside Yodlee Moneycenter - a suite of Personal Financial Management and Money Movement applications.
Wealth Maximizer - 401k FinApp
Wealth Maximizer is a 401k FinApp that help users to manage and track all of their 401k account holdings. the app shows the trend of the account from the date of aggregation. It helps to determine the increase in savings at retirement with increased contributions towards 401k account each year from today until retirement. it automatically uses the current balance for calculation purposes. it enables to model based on different rates, different employee and corresponding employer contributions (if available) to calculate the final balance at retirement. it comes with two calculators to help with calculating the rate of return and balance at retirement.
See the screenshots below:
track all of your aggregated 401k account(s)..yours and your spouse's.
track account holdings..click a holding to view details on Yahoo Finance..
find out % distribution across different asset classes like stock, mutual fund, bonds etc.,
determine earnings at retirement using current balance...
find out how much more you can earn with increased yearly contributions towards 401k..
use a calculator to find the final value at retirement..
