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How it works

Onboarding and Connecting Accounts

This article is about the differences between the onboarding steps to My Financial Plan, where you type in estimates of your financial details, and the connected state, when we have more detailed information based on the actual activity in the accounts you have linked directly to the tool. 

Buy a New Home

How to add a scenario that shows how the cost of a home will affect your plan, or understand how much you can afford with an optional savings goal.

Affordability in My Financial Plan

This document explains the calculations that we make behind the scene to estimate whether a client will be able to afford a particular event at a particular price, given everything else going on in their life.

Plan for Education

In the Plan for Education Costs life event, we help you calculate the expected educational costs for your dependents who are planning to attend college.

Monte Carlo

"Monte Carlo" is a methodology for projecting the future value of assets, especially equities. This post describes our approach to Monte Carlo projections.

End of Life

Planning for the unexpected isn't easy. The End of Life event will show you how your passing will affect loved ones, so you can plan for how to protect them now.

Step 2 - Building an Emergency Fund

Step 2 in the 7 Steps to Financial Independence is focused on building a financial cushion so that when the inevitable happens, you have reserves to fall back on.

Step 3 - Employer Matching Contributions

Step 3 helps you understand your potential benefits of employer matching and form a plan around it to make full use of this offering.

Step 4 - Paying Down Expensive Debt

In Step 4, we help you navigate through understanding and planning the payoff of your debt.

Step 5 - Setting Big Goals

Step 5 is where we help you to plan to finance your major upcoming life events.

Step 6 - Preparing to Retire

In Step 6, we help you form your own retirement goals, assess your progress, and chart a path to retirement for you. 

Step 7 - Seize the Day!

Step 7 is named “Seize the Day” because it is time to take hold of your life, the opportunities you have, and the path in front of you. 

Step 1 - Earning, Spending and Looking Ahead

Step 1 in the 7 Steps to Financial Independence starts at the very beginning, where we help you build a foundation and understand your earning and spending patterns.

7 Steps to Financial Independence

The 7 Steps to Financial Independence is a resource on your Plan page that helps you understand your financial landscape and plan accordingly through a series of guided action items. 

Data Security

We take great care in ensuring that all data entered by users is securely managed. This article gives an overview of our data security measures.

Life Insurance

When setting up your Estimate Life Insurance life event, the decision of how much to purchase could be a subjective one. This article explains a few approaches you can take to arrive at the most appropriate level for you.

Plan Action Items

This article provides an explanation of the various types of personalized recommendations you may see in your Plan page.

Danger Bar

The yellow or red lines that appear between Income and Expenses, Investments and Debts, and underneath the Net Worth chart are Danger Bars. These are provided to draw your attention to potential time periods where your plan needs to be adjusted. This article explains the calculations behind Danger Bars.


Income is calculated as the sum of all positive cash deposits for a particular period. These can be one-time events like a Windfall or recurring payments like a bi-weekly salary. This article explains how we help you track and model your income.


Expenses are all the various ways that cash leaves your account, including monthly spending. This article explains how we help you track and project various types of expenses.

Projecting the Future Value of Your Assets

Investment assets can be grouped in a few asset classes (stocks, bonds, mutual funds, etc.). This article explains our differentiated approaches to handling assets in each asset class.


Debts are contracts or commitments to borrow lump sums of money and repay them in the future, oftentimes with pre-determined premiums. We help users model debts and project debt obligations.


Your "Status" is displayed on the top left corner of your homepage upon logging in. This is a measure of the overall health of your financial plan. This article explains how we arrive at your Status.


The term "inflation" refers to the general tendency for prices to go up. This article explains our approach to inflation in our projections of your Income, Expenses, Assets and Debt.

Net Worth

We use the term Net Worth to mean your Assets minus your Debts. This article provides an explanation of how we calculate your Net Worth.

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