Equitable Reserve Association

Take the Guesswork Out of How Much Insurance You Need!

Planning to meet your financial needs is one of the most important and fundamental steps in creating a sound financial plan for you and your family.

It is important that you re-evaluate your financial preparedness on an ongoing basis. Changes in economic climate, inflation, achievable returns, and in your personal situation will impact your plan. To begin the planning process, simply click on one of the calculators below to help take the guess work out of your financial needs.

Then contact your local Agent to answer your questions and to assist you in selecting options to meet your individual financial goals.

Life Insurance Calculator

How much life insurance do you need? Enter your current assets, expenses, income and let us determine how much life insurance you need. You can also adjust the inflation rate and your expected rate of return to see how these variables can impact your insurance needs. Press the report button to see a year by year breakdown of your family's future income and expenses.

College Savings Calculator

Saving for your children's education requires a long-term plan. And, like saving for retirement, the earlier you start your plan the better. Use this calculator to help develop or fine-tune your education savings plan. Click the "View Report" button for a detailed look at the results.

Retirement Income

Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement. Your annual savings, expected rate of return and your current age all have an impact on your retirement's monthly income. View the full report to see a year by year break down of your retirement savings

72(t) Calculator

The IRS Rule 72(t) allows for penalty free, early withdrawals from retirement accounts. This allows you to begin receiving money from your retirement accounts before you turn age 59 1/2 without the normal 10% penalty. Use this calculator to determine your allowable 72(t) Distribution and how it can help fund your early retirement.

Required Minimum Distribution Calculator

The IRS requires that you withdraw at least a minimum amount - known as a Required Minimum Distribution - from your qualified retirement accounts annually, starting the year you turn age 70-1/2. Determining how much you are required to withdraw is an important issue in retirement planning. Use this calculator to determine your Required Minimum Distributions.