Master Your Finances with RetirePro's Tracking Tools

Retirement planning isn't just about your 401(k). It's about understanding your complete financial picture—where your money comes from, where it goes, and how your assets and debts evolve over time.

RetirePro includes four powerful financial tracking features that give you total visibility and control: Budget, Net Worth, Tax Planning, and Mortgage management.

Budget Tab: Control Your Cash Flow

The Budget tab is your monthly financial command center. Unlike simple expense trackers, RetirePro's budget tool is designed specifically for retirement planning.

Comprehensive Income Tracking

• Primary salary
• Spouse income
• Side hustles and freelance work
• Rental income
• Investment dividends
• Social Security (when applicable)

Expense Categories That Matter

Fixed Expenses:

• Housing (rent/mortgage payment)
• Utilities (electric, gas, water, internet)
• Insurance premiums (health, auto, life)
• Property taxes

Debt Payments:

• Credit cards
• Auto loans
• Student loans
• Personal loans

Subscriptions:

• Streaming services
• Gym memberships
• Software subscriptions
• News and magazines

Variable Expenses:

• Groceries
• Dining out
• Transportation/gas
• Entertainment
• Shopping

Savings Goals

• 401(k) contributions
• IRA contributions
• Emergency fund
• Vacation savings
• Other goals

Budget Analytics

RetirePro automatically calculates:

• Monthly Cash Flow: Income minus all expenses
• Savings Rate: Percentage of income going to savings
• Expense Breakdown: Visual pie charts by category
• Trends: Month-over-month spending patterns

🔥 Debt Payoff Optimizer

One of our most popular features! Enter your debts and compare:

• Avalanche Method: Pay highest interest first (saves the most money)
• Snowball Method: Pay smallest balance first (psychological wins)

See exactly how long until you're debt-free and how much interest you'll save.

Net Worth Tab: Track Your True Wealth

Your net worth is the single most important number in personal finance. The Net Worth tab gives you a complete picture of everything you own and owe.

Assets We Track

Real Estate:

• Primary residence
• Investment properties
• Vacation homes
• Land holdings

Vehicles:

• Cars, trucks, motorcycles
• Boats, RVs
• Current value and loan balance

Bank Accounts:

• Checking accounts
• Savings accounts
• Money market accounts
• CDs

Brokerage Accounts:

• Taxable investment accounts
• Trust accounts
• Joint accounts

Cryptocurrency:

• Bitcoin, Ethereum, and other holdings
• Current market values

Retirement Accounts:

• All accounts from Your Finances tab
• Automatically synced

Personal Assets:

• Jewelry and watches
• Art and collectibles
• Furniture
• Other valuables

Liabilities

Mortgages:

• Primary and secondary mortgages
• HELOCs

Auto Loans:

• Current balances

Other Debts:

• Credit cards
• Student loans
• Personal loans
• Medical debt

Net Worth Dashboard

• Total Assets: Sum of everything you own
• Total Liabilities: Sum of everything you owe
• Net Worth: Assets minus liabilities
• Visual Breakdown: Pie charts showing asset and liability composition
• Bar Charts: Compare asset categories side by side

Why Net Worth Matters

Your retirement savings are just one piece of the puzzle. A $1M portfolio means something very different if you have:

• Scenario A: $500K home equity + $1M portfolio = $1.5M net worth
• Scenario B: $200K debt + $1M portfolio = $800K net worth

RetirePro helps you see the full picture.

Tax Planning Tab: Keep More of What's Yours

Taxes are often the biggest expense in retirement. The Tax Planning tab helps you understand and minimize your tax burden.

Current Tax Situation

Enter your current income and see:

• Taxable Income: After standard deduction
• Federal Tax: Calculated using 2025 brackets
• State Tax: Based on your state tax rate
• Effective Tax Rate: Total tax / gross income
• Marginal Tax Rate: Your top tax bracket

2025 Federal Tax Brackets

RetirePro uses current IRS brackets:

Single Filers:

Married Filing Jointly:

FICA Taxes (Payroll Taxes)

We calculate your complete payroll tax picture:

• Social Security Tax: 6.2% up to $168,600 wage base
• Medicare Tax: 1.45% on all wages
• Additional Medicare: 0.9% on wages over $200K (single) / $250K (married)
• Employer Match: See what your employer pays too

Retirement Tax Projection

Compare your taxes now vs. in retirement:

• Current effective rate
• Projected retirement rate
• Potential savings from Roth conversions

Tax Optimization Strategies

The Analysis tab (covered in Part 3) lets you model:

• Roth conversion ladders
• Tax bracket filling
• Optimal withdrawal sequencing

Mortgage Tab: Real Estate Planning Made Easy

For most Americans, their home is their largest asset. The Mortgage tab helps you manage all your properties.

Track Multiple Properties

• Primary residence
• Investment properties
• Vacation homes
• Rental properties

Property Details

For each mortgage, enter:

• Property name and type
• Original loan amount
• Current balance
• Interest rate
• Loan term
• Start year
• Current home value

Additional Costs

Don't forget these monthly expenses:

• Property taxes
• Homeowner's insurance
• PMI (if applicable)
• HOA fees
• Extra principal payments

Mortgage Analytics

Equity Tracking:

• Home equity = Value - Balance
• LTV (Loan-to-Value) ratio
• Equity percentage

Payment Breakdown:

• Principal and interest
• Taxes and insurance
• Total monthly PITI

Amortization Schedule:

• View month-by-month payment breakdown
• See how extra payments accelerate payoff
• Visualize equity build-up over time

Payoff Strategies

See the impact of:

• Extra monthly payments
• Bi-weekly payments
• Lump sum payments

Integration with Retirement Planning

Your mortgage payoff timeline feeds directly into your retirement projections. If your mortgage pays off before retirement, that frees up cash flow. RetirePro accounts for this automatically.

How These Tools Work Together

The real power of RetirePro is integration. These financial tracking tools don't exist in isolation—they connect to your core retirement plan:

1. Budget → Savings: Your budget savings become retirement contributions
2. Net Worth → Assets: Real estate and investments count in projections
3. Tax Planning → Withdrawals: Understand after-tax retirement income
4. Mortgage → Cash Flow: Payoff timing affects retirement expenses

When you update one area, everything recalculates automatically.

Pro Tip: Use These Features Monthly

We recommend:

• Weekly: Review budget spending
• Monthly: Update net worth tracking
• Quarterly: Review tax situation
• Annually: Reassess mortgage strategy

Consistent tracking leads to better decisions.

Unlock These Features

The Budget, Net Worth, Tax Planning, and Mortgage tabs are available with RetirePro Pro ($9/month).

Upgrade to Pro →

In our final article, we'll explore RetirePro's most powerful tools: the Advanced calculators, What-If Analysis, and AI Advisor.

RetirePro provides educational tools to help you understand your finances. For complex tax situations, consult a qualified CPA or tax advisor.