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Retirement Calculator, Inc. provides the tools and resources necessary to assist you in making critical economic decisions regarding your retirement future.Recommended Reading
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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.Do You Belong To A Financial Planning Family?
financialplanningfamily.com
The joys a family brings to an individual can be infinite. Unfortunately, the financial obligations that come with a family can seem infinite as well. Since most people do not have infinite money-making potential, the wise head of the family researches financial options that will ensure security for the future of the family. We take pride in assisting the head of your household make financial decisions that will pay off in the future. Join our financial planning family and secure the future of yours today. Saving for college is often a major concern for those who are in financial control of a home. The financial planning family is prepared to evaluate options it has right now for saving for college. Even if a family consists of many more than the 2.5 children that Americans are known for, if it is a financial planning family, then it will stand ready to prepare for a financial future. There are other expenses that we can help a family think through that they may not have considered. For example, if a family is living paycheck to paycheck, what will the family do in the event of an auto accident that requires a $500 deductible? If the family is dependent upon the car for transportation to and from work and does not have $500, what will happen? The financial planning family will find ways to cover such unexpected expenses. Families rest easier when they know they are financially prepared for life's bumps and bruises. Another way we help the financial planning family is by showing them what their future holds in terms of retirement. For many people, retirement seems a long way off, like a pipe dream that never really will come true. However, retirement will happen and families need to be financially prepared for it. Often, families dream of retirement as a time of freedom from previous obligations that held them back from pursuing their lifelong passions. Some people dream of traveling the world while others dream of owning homes near all of their grandchildren. Although some people dream of working until the day they die, most do not. In order to be able to retire, and maintain or increase the family's standard of living, careful financial consideration must be given to present assets. In order to keep track of your financial progress towards retirement, we are offering a free retirement calculator download. By clicking the red button, you can receive this free retirement calculator. The retirement calculator is of very high quality and will prove to be a valuable asset to the financial planning family. The retirement calculator was endorsed by Ray Martin. Martin is the lead financial analyst for the CBS television network. He personally stated that the retirement calculator is an invaluable tool when considering the financial requirements of retirement. If you click the red button and receive the free retirement calculator, you will find many tools at your disposal that can answer many questions you have about retirement. Two of the most common questions concern the amount of money a financial planning family will have in a retirement account by a certain age and how much can safely be taken out of a retirement account that will not jeopardize the family's financial future. In order to find out the answers to these, and many other questions concerning your personal finances, be sure to click the red button now to receive your free retirement calculator download. |
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Retirement Knowledge Center
Search our extensive retirement knowledge base.Top 100 Articles by Web Traffic:
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Do You Know the Answers to These Important Retirement Questions?
- Are you retired or thinking about retiring?
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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.
