FREE NEWSLETTER
Go to main Forum page »
We have reached a point now we don’t need to use either free or paid tools or calculators for things like, figure when to claim social security, we have converted all our t-IRA accounts, so no RMD, nor NIIT, nor IRMAA. We have also done our estate planning and a letter of instruction, etc. We did very well with our budgeting with our spreadsheets. All that is left to figure out annually are our annual retirement cash flow/income, and an estimation for coming year tax liabilities. Our question is what do you use to estimate both? Thanks in advance for any input and insights.
I just used the IRS tax withholding estimator last week to estimate our taxes for 2026. You don’t have to have a W-4 to be able to use it, and it is already updated for 2026. It was helpful for us. I am sure some of the more knowledgeable people here will chime in also. Chris
Wow! What a great financial position to be in. Congratulations!
I’m not 100% sure this is what you are asking for, but here is what I use.
To track my expenses I primarily use two mechanisms:
Fidelity Full View – I linked all of my financial accounts to this about 3 years ago. For me, it does a great job of accumulating all income and expense flows and enables grouping by category with customizations. I can search for activity and look over a desired time period very easily.
Empower – I linked all of my financial accounts to this years ago and have years of history. This is my backup to Fidelity Full View.
I use a simple spreadsheet that I developed for myself which I update at the beginning of the year with any tax rule changes to predict what my tax bill will be at the end of the year.