5 Money Management Apps to Make Retirement Affordable

By | April 14, 2016

canstockphoto27905600A lot of people dream of the day when they no longer have to go to work, but don’t dream quite as much about how they will pay for their new lifestyle. Although saving for retirement may seem like a big challenge, there are steps you can take to make it less stressful. You can manage your retirement accounts and even save extra money for your retirement using some of these five apps.


It’s never too early to plan for retirement, and RetirePlan is the first step in setting those goals. By entering all your pertinent information, such as yearly savings, age, and desired retirement age, you can use the slider to see different scenarios for retirement. RetirePlan also allows you to input features like your life expectancy and desired retirement income to allow you a better understanding of your options.

RetirePlan is one of the most comprehensive retirement apps available, and it even allows you to use contingencies like sending a child to college, getting married, buying a house, or removing social security. For $4.99, this iPad app provides a realistic idea of your options for retirement using your personal circumstances.

Personal Capital

Although Personal Capital wasn’t directly created to plan your retirement, it does give you a real-time look at your current assets and debts to understand your net worth and how it will affect your retirement. Personal Capital is a free app that connects to your banks, credit cards, and investment accounts to analyze your net worth and portfolio. This app can give you insight into your 401(k), and whether you’re paying too much in fees. If you’re planning for retirement, as you should be, knowing your current financial situation is an important first step.


To save money for your retirement, you not only need to have a handle on your current finances, you must make sure those funds are protected. BillGuard helps to do both. You can see all your accounts in one place and track all your spending, which helps you understand your current spending habits. The app then alerts you if an expense is unusual or if others have reported it as fraudulent.

Having your identity stolen can negatively impact your finances for many years, which in turn will affect your retirement. Protect your finances, and keep an eye on your spending with this free app, which you can download onto your tablet such as the Apple iPad Mini 4. The large Retina display and fast and intuitive iOS9 make it easy to access and see all the information in one place.

iMaximize Social Security

You’ve been paying into Social Security for your entire working life, so you want to make sure you make the most of those benefits. This app helps you to strategize your social security benefits by using your personal information. For $9.99, you can download this app and provide your age, marital status, and other pertinent information. You will then receive five reports offering different options with a list of filing strategies to maximize your benefits. Understanding and maximizing your social security is one of the most important aspects of retirement.

Stash Invest

If you want to broaden your portfolio, but you aren’t that market savvy, then Stash offers you an affordable way to invest in the stock market and save for your retirement. This app allows you to invest for as little as $1 per month subscription fee. You can invest as little as $5 at a time with no actual trading fees.

Stash has grouped stocks into easy-to-understand collections, allowing you to buy your stocks based on personal interests, other investors, and risk levels. This app helps you make long-term investments in the stock market to help save for retirement, rather than trading, so you don’t have to spend a fortune on trading fees or an investment firm.

Your retirement will depend on your ability to manage and save your money now. Download these apps to take control of your financial planning, and have all the information you need right on your mobile device.