Filed Under:Life Insurance, Sales Strategies

3 Apps For Determining Financial Needs

Image: FreeDigitalPhotos.net

Image: FreeDigitalPhotos.net

Unless you're Rain Man, chances are you can't calculate tons of complicated formulas in your head. At least, not if you want to come up with the right answer anyway. So what do you do when you're out having coffee with a client and he asks about the benefits of one investment over another? Sure, you could go all the way back to your office and hash out the details. Or you could just pull up one of these apps and order another round.

Looking for more cool apps? Check out the rest of this series:

3 Apps To Help You Stay Informed

6 Apps To Keep You Organized

4 Apps For Impressive Presentations

4 Apps for Life Insurance Agents


CompoundeeCompoundee

$2.99 for Apple devices

www.compoundee.com

 

Can’t compound interest in your head? Get Compoundee and you won’t have to. The financial calculator solves compound interest and time value of money equations with an easy user interface. Users can solve for any of five different investment variables and find outcomes for compounding daily, weekly, quarterly, semi-annually or annually. The calculator can spit out amounts adjusted for tax and inflation as well as create amortization schedules. Results can be e-mailed, and the calculator maintains a history of most recent entries for each input field.

 

 

powerOne FEpowerOne FE

$2.99 for Apple devices

www.infinitysw.com/products/iphone

 

Think of this app as a calculator on steroids. The powerOne calculator has hundreds of spreadsheet-like templates that can be used for serious analysis, whether you want an in-depth look at the numbers behind savings, profit margins or an auto loan. Its graphing capability lets users display the data as function graphs, bar charts or scatter plots to better illustrate results. The app also automatically saves a history of your calculations, and you can then name them, annotate them, share them or re-calculate.

 

 

NestEgg EstimatorNestEgg Estimator

$1.99, for Android devices

www.makethisapp.com/nestegg_info.html

 

This app bills itself as a “personal financial planner in your pocket,” and that’s actually pretty accurate. The app lets users view and chart year-by-year financial simulations of their income, expenses, assets, taxes and debt. The app can also organize and itemize expenses, calculate retirement savings, and project any taxes and penalties. The “Can I Afford It?” feature helps users decide whether moves like quitting a job, retiring early or going back to college are financially do-able.

 

More Resources

Comments

Advertisement. Closing in 15 seconds.