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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.CBS The Early Show
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Retirement Intelligence Information Services
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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.- FREE Retirement Calculator recommended by Ray Martin on the CBS Early Show - Watch the video clip
- FREE Retirement EBook written by Bill Losey, America’s Retirement Strategist
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| NATIONAL OVERNIGHT AVERAGES | TODAY | +/- | LAST WEEK |
| 30 yr fixed mtg |
|
5.00% |
|
5.03% |
| 15 yr fixed mtg |
|
4.35% |
|
4.38% |
| 5/1 ARM |
|
3.87% |
|
3.91% |
| 30 yr fixed jumbo mtg |
|
5.82% |
|
5.87% |
| 5/1 jumbo ARM |
|
4.47% |
|
4.49% |
| NATIONAL OVERNIGHT AVERAGES | TODAY | +/- | LAST WEEK |
| $30K HELOC |
|
5.12% |
|
5.13% |
| $50K HELOC |
|
4.85% |
|
4.85% |
| $30K home equity loan |
|
7.82% |
|
8.15% |
| $50K home equity loan |
|
7.71% |
|
8.10% |
| $75K home equity loan |
|
7.73% |
|
8.14% |
| NATIONAL OVERNIGHT AVERAGES | TODAY | +/- | LAST WEEK |
| 36 month new car loan |
|
6.64% |
|
6.69% |
| 48 month new car loan |
|
6.77% |
|
6.85% |
| 60 month new car loan |
|
6.83% |
|
6.89% |
| 72 month new car loan |
|
6.03% |
|
6.03% |
| 36 month used car loan |
|
7.00% |
|
7.08% |
| NATIONAL OVERNIGHT AVERAGES | TODAY | +/- | LAST WEEK |
| 6 month CD |
|
0.80% |
|
0.82% |
| 1 yr CD |
|
1.20% |
|
1.24% |
| 5 yr CD |
|
2.57% |
|
2.61% |
| 1 yr IRA CD |
|
1.07% |
|
1.12% |
| 5 yr IRA CD |
|
2.16% |
|
2.39% |
Retire My Plan
Retirement Calculator, Inc.retiremyplan.com
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When Someone Asks About Your Retirement Plan, How Do You Answer?
Finish this question and answer sentence: Retirement plan? My plan is . . . What is your retirement plan? Do you intend to move into an active adult community so that you can form relationships and continue doing the things that you enjoy with others who share your interests? Does your plan include travel after you retire? Or maybe your answer was more along the lines of this: My plan is to spend the time after I retire with my family. Maybe your answer involved being financially secure. Regardless of how you finish the statement, one thing remains true. In order to achieve the goals that you have set for your retirement, you need to save and invest so that you will have the retirement income that you need to live out your plan. You know that you need to plan for you retirement. You know that if you are able to save and invest well now, you will be more likely to have the income that you need to have the life you have hoped to have after you retire. And, you know that when you retire, there are going to be things you want to do that you may not have planned for. Therefore, you know that in order to reach your retirement goals you need to develop a financial plan that will get you there. But how can you be sure that you reach your goals? You can get to know more about retirement planning - more about the savings and investment accounts that are available to you. You can take the time to understand the way that retirement savings and investment accounts have performed over time and how those same accounts are expected to perform - both individually and in combination with one another - in the future. And, of course, you could make the choice to turn to a professional for advice. The problem is that doing all that research can take a lot of time. The problem is that talking with a professional can be expensive, and even when you do work with a financial planner, you might not get the advice that will really help you to decide which strategy is the best one for allowing you to live out your retirement plan. So where does that leave you? How do you look into your savings accounts to know whether or not you are saving in the best way possible? How do you look into the stocks, bonds and mutual funds that you have invested in to determine whether or not you are doing all that you can to invest in your retirement plan? One thing that you can do is to click the red button at the bottom of this page to download the free retirement calculator. With it, you'll be able to look into the way that different savings and investments have performed over time. You'll be able to look at projections for how the savings and investment accounts that you currently have - as well as the investment accounts that you have been considering - are projected to perform over time. You'll be able to see the ways that different savings and investments will be affected by changing interest rates. You'll be able to see the way that your savings and investments will be affected by inflation. And even more importantly, you will be able to see the ways in which changes that you can control - withdrawals from your retirement savings or changes to your investment strategy - might affect the income you have available for your retirement plan. In addition, you'll be able to talk over your savings and investments as well as the rest of your retirement plan during a free consultation with a financial advisor. You'll be able to ask the questions you have and get the answers you need. You'll be able to get the advice that you need to develop a strong financial strategy, to turn that strategy into a plan and to put that plan into action. Regardless of how you finished the statement about your retirement plan, you took the first step towards reaching your retirement goals: you named them. Now it is time for your chance to take the next step. Click the red button to download our free retirement calculator and to get your free consultation with a retirement counselor. Take control of your financial future - one step at a time. |
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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?
- 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?
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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.
