FI Toolkit
For iPhone and iPad
For all people interested in their financial health and well being, FI Toolkit can help with understanding the terminology and financial interrelationships for planning a future where “Earn – Save – Invest” is a priority for financial security. And, the app provides the visual aids and calculation metrics to know when success is likely achievable. The questions “When will we become Financially Independent?” and “How long will our money last?” being critically important to answer...

You start by entering basic financial information, what you earn, what you save, and what you generally spend. With Financial Independence as the goal, the app projects forward in time to calculate and display your estimated future Account Balance (detailed in a chart and supporting Spreadsheet). By refining your inputs to reflect changes in your “Earn – Save – Invest” strategy, you can investigate the impact on a likely future Account Balance profile and estimate when your money will run out. The app provides a means to quickly model different lifestyle directions you may choose to pursue.

A few of the capabilities to help model your projected financial future includes:

  • Determine contributions made to retirement accounts based on current and projected IRS rules
  • Deposit and maintain an emergency fund in a savings account
  • Define other income sources and durations
  • Account for Social Security benefits for yourself and spouse
  • Estimate Federal taxes based on simplified assumptions and current tax laws
  • Estimate State taxes based on current tax laws
  • Tally current expenses and project (with inflation) into future years
  • Compare expenses to net income for deposit into investment accounts

In Retirement:

  • Determine distributions required to cover expenses
  • Calculate Rate-of-Withdrawal during retirement years
  • Compute Required Minimum Distributions (RMDs)

The app provides login security features (including FaceID) and synchronizes with your other iOS devices.

The FI Toolkit Icon
For purchase at the App Store, look for this icon

FI Toolkit
A Toolkit for your Financial Independence

Define income and expenses

Define multiple scenarios

View account balance projections

View account spreadsheet projections

Synchronize with your devices