During the course of your career, you may need to borrow from your 401(k) plan for a major purchase or unplanned expense. The amortization calculator helps you determine the periodic payment you will have to make to repay a loan in a specified time. Each payment includes both a partial repayment of the face value of the loan (principal) and a partial repayment of the interest due on the loan. The maximum term available for loans on 401(k) plans is 5 years. Longer repayment periods may reduce the amount of each payment but they also will increase the amount of interest you will pay on the loan.
Retirement
Savings Calculator
This calculator will guide you through the process of estimating:
· Your annual retirement income.
· The total savings you'll need at retirement.
· The value of your current savings at retirement
based on your assumptions.
· If you'll need additional savings to meet your
retirement income goal.
College Tuition
Planner
A good education comes with a price. Clearly, the better financially prepared
you are before your children begin college, the better off you will be
when they receive their diplomas. The College Tuition Planner gives you
a good idea of what to expect in tuition costs based on the assumptions
you enter. Simply complete the planner based on your knowledge of the
current annual costs of the schools your children plan to attend.