Life Insurance
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Financial calculators and reference tables.
Explore retirement, Social Security, Roth conversion, income tax, Medicare and household planning tools. Use the numbers to organize your questions, then make important decisions with your complete financial picture in view.
Retirement planning calculators
Turn retirement questions into clearer next steps.
Compare Social Security claiming ages and estimate the tax tradeoff of a traditional IRA to Roth IRA conversion. These are useful starting points for retirement income planning, not a substitute for a coordinated recommendation.
Income tax calculators
Estimate income tax before a decision changes the number.
Use these federal and state income tax estimators to develop a preliminary view of taxable income and marginal rates. A withdrawal, bonus, investment sale, Roth conversion, business decision, or move can affect more than one line of a return.
Planning tool
Federal Income Tax Estimator
Use the 2026 federal tax brackets above to estimate your federal income tax on taxable income.
For planning only. This simplified estimate does not include credits, additional taxes, qualified dividends or capital-gains rates, self-employment tax, the alternative minimum tax, withholding, or other circumstances that can change a return.
Source: IRS Revenue Procedure 2025-32, tax rate tables for taxable years beginning in 2026.
Planning tool
State Income Tax Estimator
Estimate New Jersey individual income tax or confirm when a selected state has no broad individual income tax.
For planning only. This simplified estimate does not include exemptions, deductions, credits, withholding, local taxes, reciprocal agreements, special income types, or other circumstances that can change a return.
Sources: New Jersey Income Tax Rates and 2026 state income tax rate reference.
Financial planning calculator
Compare the cash-flow impact of buying versus leasing.
A vehicle decision affects monthly cash flow, savings capacity, insurance, taxes, and the flexibility to pursue other goals. Use the calculator to compare direct costs over the same ownership period.
Budget planning worksheet
Put today's spending beside the future you want to fund.
Use a budget to see where your income is going, give important goals the room they need, and prepare a better starting point for your planning conversation.
Planning resource
A budget gives every goal a place to live.
Knowing where income is going can make it easier to fund the priorities that matter, from building reserves to planning for retirement, education, a new home, or the next chapter of your career.
- Organize the spending that is easy to overlook.
- See what may need to change when life changes.
- Bring clearer numbers into a planning conversation.
Free checklist
Get MRA's printable Budget Checklist and open the interactive planning worksheet.
Insurance planning calculators
Estimate the protection a plan may need to provide.
Use these life insurance, long-term care, and disability insurance planning tools to identify questions about income, obligations, benefit periods, and cash reserves. They are educational estimates, not policy recommendations or insurance quotes.
Life Insurance
Protect the people and plans that depend on you.
Life insurance can help create financial breathing room if income is lost. The right structure depends on what needs protecting, how long it needs protection, and how the policy fits the rest of your plan.
Term Insurance
Coverage for a defined season.
Term life provides coverage for a selected period, often matching a mortgage, children’s education years, or income-replacement need. It generally does not build cash value.Permanent Insurance
Long-term protection.
Permanent policies are designed to provide coverage for life as long as required premiums are paid. They may include cash value and typically cost more than term coverage.Coverage Estimate
Start with the questions that shape the number.
Compare a practical needs-based estimate with an income-focused human-life-value estimate. Both are starting points for a conversation, not a policy recommendation.
Needs-Based Estimate
$1,770,000Income for the years selected, plus debt, future goals and final expenses, less savings and existing coverage.Human-Life-Value Estimate
$1,093,794The present value of the income selected over the years entered, using a 3% annual discount rate, less existing coverage.A full review considers household income, dependents, debt, employer benefits, health, policy design, affordability and changing goals.
Long-Term Care Insurance
Plan for care without losing sight of independence.
Long-term care insurance can help with the ongoing support a person may need because of chronic illness, disability, or cognitive impairment. It is designed for care at home, in the community, assisted living, or a nursing facility—not simply medical treatment.
Activities Of Daily Living
When hands-on support becomes part of the day.
Policies commonly use an inability to perform a specified number of these everyday activities—or a qualifying cognitive impairment—to determine when benefits may begin. The exact definition and trigger are set by the policy.
- Bathing
- Dressing
- Eating
- Toileting
- Transferring
- Continence
What To Compare
Policy choices that shape the protection.
Care settings and benefit triggers
Check whether home care, assisted living, adult day care, nursing care, and cognitive impairment are covered—and how eligibility is defined.
Daily or monthly benefit and benefit pool
Compare the amount available for care and how long it can last. A higher benefit or longer benefit period can increase premium cost.
Elimination period
This is the waiting period before benefits begin. You typically pay eligible care costs during that period, so understand whether it is measured by calendar days or service days.
Inflation protection
An inflation rider can increase the policy’s benefit amount over time to help keep pace with rising care costs. Ask how the increase works and what it costs.
Premiums, underwriting and policy terms
Review affordability, the insurer’s rate-increase history, health underwriting, exclusions, renewal terms, and any nonforfeiture or shared-care options.
Care Planning Estimate
See how benefits, time and inflation work together.
This tool illustrates a benefit design. It does not predict the cost or duration of care, determine eligibility, or represent an insurance quote.
Benefit Pool Today
$273,750Daily benefit × 365 days × selected benefit years.Illustrated Daily Benefit In Future Dollars
$389Daily benefit after the selected inflation assumption and years until care.Illustrated Future Benefit Pool
$426,494Future daily benefit × 365 days × selected benefit years.Estimated amount to plan for during the selected elimination period: $22,500.
Disability Insurance
Protect the income your life is built around.
Disability insurance can replace a portion of earned income when illness or injury keeps you from working. The right fit comes from understanding who owns the coverage, how benefits may be taxed, and how a policy defines disability.
Group vs. Individual
Know where the coverage lives.
Group coverage is offered through an employer and its plan terms, contribution rules and portability provisions control. Individual coverage is personally owned, subject to its policy terms and underwriting, and can stay with you if employment changes.Taxable vs. Non-Taxable
Look beyond the stated benefit.
Federal tax treatment generally follows how premiums were paid. Employer-paid or pre-tax premiums can make benefits taxable; benefits tied to employee after-tax premiums are generally not taxable. Mixed funding can create mixed treatment.Own Occupation vs. Any Occupation
Read the definition of disability.
An own-occupation definition focuses on your ability to perform the duties of your regular occupation. An any-occupation definition is typically stricter, looking at your ability to work in another occupation as defined by the policy.Social Security Integration
Understand the group-plan offset.
Many group long-term disability plans coordinate with Social Security disability benefits: if Social Security approves a benefit, the group plan may reduce what it pays by that amount. The combined income may not be the sum of both payments. Review the plan’s offset and repayment rules, especially if Social Security awards retroactive benefits.Income-Protection Estimate
Start with the income gap a disability could create.
Use this estimate to compare a monthly income-replacement target with other benefits and the cash reserve needed during a waiting period. It illustrates planning needs—it does not determine policy eligibility or an insurer’s maximum benefit.
Target Monthly Income Replacement
$5,00060% of the monthly earned income entered.Estimated Monthly Coverage Gap
$5,000Target monthly replacement less the other monthly disability benefits entered.Income Gap Over Selected Period
$120,000Estimated monthly coverage gap × selected income-replacement period.Estimated cash reserve for the selected elimination period: $16,500, based on essential monthly expenses.
Estate planning resources
Keep the people, documents, and decisions connected.
Estate planning can help organize the legal, financial, and personal decisions that affect the people you care about. Explore MRA's educational resources, then bring questions about your own circumstances to qualified professionals.
Start here
Estate planning articles
Explore practical education about beneficiaries, legacy decisions, and keeping important documents aligned with the rest of your financial life.
After a loss
When a loved one dies, start with a calmer checklist.
This guide covers organizing documents, financial notifications, benefits, taxes, professional contacts, online accounts, subscriptions, and social media.
Open the guide and checklistThe guide is a general educational resource, not legal, tax, or financial advice. Estate administration requirements vary by state and individual circumstances.
Tax and Medicare reference tables
Keep the current thresholds close at hand.
Use these 2026 federal income tax brackets and Medicare IRMAA amounts to see how income may affect a tax or health-care planning conversation. Rules, thresholds, and individual circumstances can change.
2026 reference
2026 Federal Income Tax Brackets
Federal marginal income tax brackets by filing status. Amounts shown are taxable income, not gross income.
Scroll horizontally to compare filing statuses.
| Rate | Single | Married filing jointly or surviving spouse | Married filing separately | Head of household |
|---|---|---|---|---|
| 10% | Up to $12,400 | Up to $24,800 | Up to $12,400 | Up to $17,700 |
| 12% | $12,401 to $50,400 | $24,801 to $100,800 | $12,401 to $50,400 | $17,701 to $67,450 |
| 22% | $50,401 to $105,700 | $100,801 to $211,400 | $50,401 to $105,700 | $67,451 to $105,700 |
| 24% | $105,701 to $201,775 | $211,401 to $403,550 | $105,701 to $201,775 | $105,701 to $201,750 |
| 32% | $201,776 to $256,225 | $403,551 to $512,450 | $201,776 to $256,225 | $201,751 to $256,200 |
| 35% | $256,226 to $640,600 | $403,551 to $768,700 | $256,226 to $384,350 | $256,201 to $640,600 |
| 37% | $640,601 and over | $768,701 and over | $384,351 and over | $640,601 and over |
Federal brackets apply marginal rates to taxable income. State taxes and individual circumstances may differ.
Source: IRS Revenue Procedure 2025-32, tax rate tables for taxable years beginning in 2026.
2026 Medicare reference
2026 Medicare IRMAA
Income-related monthly adjustment amounts for higher-income Medicare beneficiaries. The table shows total monthly Part B premiums and additional Part D amounts where applicable.
Scroll horizontally to compare income thresholds and monthly costs.
| 2024 MAGI, individual | 2024 MAGI, married filing jointly | Total Part B premium | Part D premium |
|---|---|---|---|
| At or below $109,000 | At or below $218,000 | $202.90 | Plan premium |
| Over $109,000 to $137,000 | Over $218,000 to $274,000 | $284.10 | Plan premium + $14.50 |
| Over $137,000 to $171,000 | Over $274,000 to $342,000 | $405.80 | Plan premium + $37.50 |
| Over $171,000 to $205,000 | Over $342,000 to $410,000 | $527.50 | Plan premium + $60.40 |
| Over $205,000 to under $500,000 | Over $410,000 to under $750,000 | $649.20 | Plan premium + $83.30 |
| $500,000 or more | $750,000 or more | $689.90 | Plan premium + $91.00 |
Social Security generally uses your 2024 modified adjusted gross income to determine 2026 IRMAA, or 2023 income if 2024 is not available. Separate rules apply to married people who file separately and lived with a spouse during the year.
Part D figures are the IRMAA surcharge added to your plan premium. Review the Social Security IRMAA table for complete rules.
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Explore your comfort with investment risk, review retirement planning topics, or bring a specific question to an MRA advisor. The value of a calculator is not just the number, it is the better question it helps you ask.