Recommended Resources:

Accounting & Wealth Building Resources- CPAs - Certified Public Accountants in Medford, OregonWe have compiled a handy list of online resources we trust and explanations for the use of each to benefit our clients in their quests to develop their financial legacy. Click on each resource heading to learn more. When you click on the link to each resource below the instruction, it will open in a separate browser tab so you can easily close it when you are finished and return to our site.

Present Value & Future Value Calculators:

 It is important to determine the impact our decisions about purchases or investments will have on our bottom line and financial legacy.  These two calculators are a great place to start:

Medford, Oregon Certified Public Acccountants
Present Value

This handy calculator will help you in planning. Perhaps you know you need $3,000 cash exactly 5 years from now for a down payment on a car purchase.  If you expected you could make exactly 5% annually on your savings, how much money would you need to invest today in order to have it become the amount you needed 5 years from now?

  • The amount you invest Today is the PRESENT VALUE
  • The annual earnings rate is the DISCOUNT RATE
  • The amount required in 5 years is the FUTURE VALUE

If you input the FUTURE VALUE; The DISCOUNT RATE; and the Years, the calculator will compute for you’re the PRESENT VALUE.

Go to the Present Value Calculator here.

Future Value

This handy calculator will also help you in Planning. Similar to the Present Value Calculator, The Future Value calculator will help you determine what a regular amount of savings at an expected rate of return will grow to become in the future. Suppose you determine you can save $100 monthly to add to your mutual fund which simulates the S & P 500.  If you believe the rate of return will be 6% for the next Five years, how much money would have at the end of that time?

  • Only one of the first two can be zero.
  • The amount you invest Monthly is the PAYMENT AMOUNT
  • The amount you initially start with is the PRESENT VALUE
  • The annual earnings rate is the RATE
  • The amount accumulated in 5 years is the FUTURE VALUE

If any three of these amounts are entered, the calculator will compute the remaining amount for you.

 Go to the Future Value Calculator here.

Other Useful Topics:

Tax Fact Sheet

It is very important to keep up to date with the ever changing tax world.  The Tax Fact sheet is a quick reference for our clients:

Tax Fact Sheet / Guide here (PDF).

Mint Website

Once you have graduated from basic budget school, Mint.com can be a great method of keeping track of your monthly expenses. If you’re looking for a way to get started tracking what you spend, but you want to spend as little time on it as possible, consider using Mint.com.  If you choose to use it – you open an account on that website, and provide to them your bank account information.  Mint.com will then accumulate your transactions and make its best guess as to what type of transaction they were (i.e. groceries, gasoline, etc.) and provide you a regular report of how you spent your money.  If you choose to go on the site and correct its choices when it guesses wrong about the type of transaction, it will remember you correction and report it properly the next time.  You can, if you choose to do so, use the “budget” feature of the website to input what your planned / allowable spending is for each category monthly, and Mint will then provide you a regular report comparing what you ACTUALLY spent versus what you had PLANNED to spend.  This review and control of your detailed spending is THE CORNERSTONE of building your Financial Legacy.  Some folks find Mint.Com to be a helpful tool in getting started in that habit.

Go to the Mint.com website here.

NOTE: LEGACY FINANCIAL DOES NOT ENDORSE, RECOMMEND OR HAVE ANY CONTROL OR INPUT INTO MINT.COM.  WE MERELY INFORM YOU OF its EXISTENCE.  YOU MUST MAKE YOUR OWN PERSONAL EVALUATION OF THE SITE, IT’S VALUE, RISKS, AND BENEFITS, IF ANY.  IF YOU CHOOSE TO USE MINT.COM YOU DO SO ON YOUR OWN VOLITION AND LEGACY FINANCIAL IS NOT RESPONSIBLE FOR THE RESULTS AND OUTCOME OF SUCH, EITHER GOOD OR ILL.

Internal Revenue Service

This is a website which provides a lot of information about income taxes.  You may find it especially useful for tax forms.  Every tax form can be located on the website, and filled in and printed from the site.

Go to the www.IRS.gov website here.

Social Security Calculator

We all hope to have some type of Social Security to rely on when it comes time to retire.  You can check your status of where you are forecasted to be when that time comes. The Social Security administration has an extensive website for public use.

INSTRUCTIONS: Click the link below and then “Create an account.” Follow the instructions to set up your personal account.  The entire process usually takes less than 5 minutes. Once your account is set up, you can see at anytime the statement of your estimated benefit at various retirement ages.  A copy of the earnings credited to your account for your entire working lifetime, and various other services and informational items.

Go to the Social Security Administration website to set up an account here.

Basic Budget Form:

The building blocks to a great financial future are having a monthly plan for your paychecks.  With 70% of Americans living paycheck to paycheck these basic budget forms can be the start of a great plan:

Basic Budget Form here (XLS).