About Retirement Calculator, Inc.
Retirement Calculator, Inc. provides the tools and resources necessary to assist you in making critical economic decisions regarding your retirement future.Recommended Reading
Let Us Help With
Your Retirement
By putting your home's equity to work, you can take advantage of decreased monthly expenses while gaining cash for travel, medical expenses, home repair, investment or simply enjoying life as you see fit. Qualify for a Reverse Mortgage Now
Retirement Intelligence Information Services
This free newsletter provides investment education in easy to understand terms, to help you, the individual investor.Sign-up for the
FREE newsletter
Asset Allocation
Often financial "experts" make asset allocation difficult to understand. My goal in this series of articles is for you to understand asset allocation thoroughly, in an easy to understand format.How To Ensure You Have The Right Retirement Target Funds
retirementtargetfunds.com
|
When you plan for your future, it's important to set goals. Among the goals that you should set are goals for your retirement target funds. It's important to know how much money you need to have when you retire. When you attach a value to your retirement target funds, you'll be better able to achieve your goals. You will be able to look more closely at your investments so that you can see how to reach that goal in the most effective way possible. How do you know how much money you'll need when you retire? Well, in part, that will depend on changes to the costs of living- gasoline, home heating, housing, groceries, and more, have all been associated with growing costs over the years. It will also depend on what you plan to do with your retirement: Do you want to be able to travel to exotic places? Do you want to be able to help finance your children's homes or grandchildren's educations? All of the things that you intend to do with your retirement affect the value reflected in your retirement target funds. Your financial goals should allow you to meet your financial obligations, enjoy the lifestyle that you hope to have and allow you additional funds to cover unexpected expenses - moving to a single-story home or medical costs. Once you've determined the amount of money that you need to reach the level of your retirement target funds, you need to figure out how to go about reaching that target. There are nearly as many investment plans as there are people: Everyone has a different level of risk that they are comfortable taking; everyone believes that one type of investment might be better than others, at least for them; everyone has a different amount of time in which to reach their financial retirement target. But even though you have your own comfort level when it comes to investing, even though you may prefer investing in mutual funds to investing in stocks, and even though you have set your own deadline for accumulating money for your retirement, there are similarities to everyone's investment plan. There are things that everyone who invests needs to know. When we built our free retirement calculator to help people analyze their financial plans, we took these things into consideration. With our free retirement calculator, you can determine:
And after you've had the chance to use the retirement calculator, you'll have the opportunity to talk with a financial advisor during a free consultation. You can use that time to ask questions and get answers. You can use the time to discuss your retirement target funds and how to make investments that will allow you to reach them - possibly even to surpass those goals. And during that consultation you can form a plan and determine how to put it into action. Rather than not reaching your retirement goals, why not take a few minutes to evaluate your savings. Build the best plan that you can to get to where you want to be. Just click the red button to download our free retirement calculator and get started. |
Find a Qualified Financial Planner in Your Area
Retirement Knowledge Center
Search our extensive retirement knowledge base.Top 100 Articles by Web Traffic:
- Is That 401k Early Withdrawal Penalty Worth It?
- 401k Plans Made Simple
- Military Retirement Pay Calculator
- Is That 401k Early Withdrawal Penalty Worth It?
- The Truth About Borrowing Against Your 401k
- Dividing Your 401k After A Divorce can be Tricky
- Understand borrowing From Your 401k
- Retirement Calculator
- Mortgage Calculator Excel
- Registered Retirement Savings Plans (RRSPs)
- Do You Need A Free Retirement Poem
- Do You Know Your 401k Maximum Contribution?
- 403(b) Plans Demystified
- 401k vs. Roth IRA: Which One Is Right For You?
- IRA's Simplified
- The Truth About Michigan Teacher Retirement
- Excel Spreadsheet Mortgage Calculator
- Invest In A Nationwide 401k Plan
- Is That 401k Early Withdrawal Penalty Worth It?
- How Long Will My Money Last?
- Your Retirement Future
- Annuity Payment Calculator
- Annuity Payout Calculator
- Free Retirement Planning Calculator
- How to Become A Successful Financial Consultant
- Immediate Annuity Calculator
- Tap Into The New York City Retirement System
- How to Calculate Retirement Needs
- Look Closely At Your 2007 401k Limit
- Retirement Income Planner
- This Free Financial Planning Software Can Show You Five Things To Do When You Retire
- Download Our Free Retirement Withdrawal Calculator
- Retirement Managers: How to Select the Best
- What You Need to Know to Create Your Retirement Budget
- Speak To A Certified Financial Consultant Today
- Fixed Annuity Calculator
- Reserve Retirement Calculator
- HP Financial Calculator
- Pension Plans and Your Retirement
- How To Manage My Money
- Hobbies: A Great Way to Add Fun to Your Retirement
- Retirement Intelligence
- Retirement Allocation Explained
- How Can I Do a Retirement Calculation?
- Take A Retirement Early Withdrawal Without Penalty
- Investment Financial Calculator
- Your Financial Savings Plan Made Simple
- Financial Advisor Resume
- Average Retirement Savings by age
- Gain Access To New York State Teacher Retirement
- Financial Advisor License
- Take Our Financial Planning Questionnaire
- Active Adult Community retirement
- Free Retirement Planning Software
- Welcome To My 401k Company
- Take Our Financial Planning Software Survey
- What's Your Ideal Retirement Withdrawal Rate?
- Free Retirement Calculator Software
- Retirement and Mutual Funds
- Free Financial Planners
- Certified Financial Adviser
- Learn More About Retirement Planning in Canada
- Financial Planning Retirement Software
- Will My Money Last Throughout My Retirement?
- Retirement Investments Demystified
- Your Retirement Date
- Retirement Problems and You
- Download Financial Calculator
- Who has the Time to Read Retirement Books?
- The Right Retirement Estimator for You
- Hobbies: A Great Way to Provide Retirement Happiness
- Financial Management Book
- Annuity Income Calculator
- What is Your Retirement Projection?
- Free Financial Planning Tools
- Calculating Retirement Has Never Been Easier
- Do You Belong To A Financial Planning Family?
- How to Make Your Retirement Assessment
- Retirement Annuity Calculator
- Get The Best New York Teacher Retirement Plan Available
- Find Independent Financial Advisors
- Financial Investment Calculator
- Get A 401k Retirement Account Today
- Financial Advisor Fee Only
- Manage My Retirement, Please!
- Free Annuity Calculator
- How To Find Financial Advisors
- Retirement Calculator 401K
- Join A Retirement Community In Florida
- Best place to Retire in America
- Retirement Fund Calculator
- The Latest Retirement Travel Trend
- Get A Paycheck 4 Life
- Financial Management Consultant
- Get A Free Retirement Planning Guide
- Understand Your Retirement Projection
- When Was the Last Time You Calculated Your Retirement Cost?
- How To Find a Financial Advisor
- Retiring in Comfort
- The Right Retirement Calculator for You
Do You Know the Answers to These Important Retirement Questions?
- Are you retired or thinking about retiring?
- Do you have enough money to comfortably live throughout your retirement years?
- Would you like FREE face to face advice or retirement consulting from a trusted local financial advisor?
- Are you looking for help to achieve your long-term financial goals?
- Would you like to learn more about Annuities, 401's, Life Insurance and Long Term Care?
|
Would you like to retire, but aren't sure you can?
Have you wondered if you have enough money to retire, how long it will last, how much you can take out, and the best way to invest?
Everyone who has thought about retirement has asked themselves these and other questions. Now you can get ALL the answers in Retire in a Weekend! This short, simple, humorous, easy-to-understand book answers the 10 most popular questions and addresses the 5 biggest concerns people have about retiring! So stop asking yourself IF you can retire ... with Retire in a Weekend! you'll learn HOW to actually do it.
For a limited time, purchase Retire In a Weekend for $29.95 and receive a free download of Retirement Calculator Premium.
Analysis of the Economics of Early Social Security Withdrawal
Robert J. Phillips
Chief Retirement Consultant
Deciding whether or not to take the early withdrawal of social security at age 62 can be difficult. If you need this income at 62 to fund your retirement the decision is fairly straightforward. Take it early! On the other hand, if you have another source of revenue to fund your retirement your decision will be primarily based on lifestyle, health and investment preferences.
Several factors can affect your decision. First is your life expectancy. If you are in good health and have a family history of living beyond 90 then waiting for full benefits may be best. Two other factors impact this decision. First and most important is the value of money or your expected return from your investments. If you are using other investments instead of social security to fund your retirement you should use the rate of return of these investments as your value of money. There is another way to look at the value of money. If you do not require the social security money to live, you can invest the distributions for the future. The rate of return of this investment is your value of money. If your investments will make larger returns such as stocks this would favor taking the early withdrawal.
The last factor impacting your decision is inflation. Social security includes an annual adjustment based on inflation. You cannot control this variable but you should be aware of its impact. If future inflation is significant it will favor a later full distribution
FREE Social Security Calculator:
Find Out Your Breakeven AgeWe developed a calculator to assist in analyzing the impact of taking early benefits at age 62 or waiting for full benefits at age 66 to 67 depending on the year you were born...If you were born in 1960 or later your full benefits will begin at age 67 and your reduction for early benefits at age 62 will be 30%. If you were born between 1946 and 1960 your full benefits begin as early as age 66. We have included a chart that summarizes information.
To use the calculator you need to input your year of birth. You also need to input a value of money up to 10% and a projected inflation adjustment. The calculator analyzes income generated over time from both the early and full benefit investments. It calculates the age at which full social security will catch up and breakeven with the early withdrawal. If you were born before 1960 your breakeven age will be impacted by the year you were born. An early breakeven age favors waiting for full benefits.
The social security calculator is not the final answer whether to take an early withdrawal but it does give you additional economic data to assist in that decision. Ultimately you must balance income, investments and lifestyle to optimize your enjoyment during your retirement years.
