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Like some of the advisor-focused programs on the market, WealthTrace also allows you to run scenarios on things like market downturns, life insurance needs and retirement income. And if you have questions, you can connect with a WealthTrace expert by phone, email or live chat to get help.

For help that is more comprehensive yet still mostly do-it-yourself, there are several financial planning software tools designed for individuals, including WealthTrace.

“Some believe that all Social Security benefits must automatically decline at this date and that there is no solution to the problem,” said Doug Carey, a chartered financial analyst and president of WealthTrace, a financial planning software company. “But that isn’t true. Congress can still shore up the fund by raising taxes or increasing the age when benefits begin. Although it is likely nothing we will be done in the short-term, they will have to address this as 2034 gets nearer.”

I was shocked at the level of detail that you can add and the reports that you get back. If you’ve used a retirement planner like Personal Capital it is like comparing Little League to an MLB All-Star. If you are looking to take control of your retirement, check out WealthTrace.

“If a couple makes $100,000 after taxes and spends $80,000, they can save $20,000 to their 401(k) plans,” Doug Carey, owner of Wealth Trace, which provides retirement and financial software for consumers, told The Epoch Times. “If their spending increases to $90,000 due to inflation and their salaries don’t move, they can now only save $10,000 to their 401(k) plans.”