Retirement Planning Calculator

Author: eujay
Posted: Sun Jun 05, 2005 5:41 pm
Post subject: Retirement Planning Calculator


HI,
Does anyone know the whereabouts of a good retirement calculator. I'm looking for one I can use for free.

I just bought a copy of this months forbes investment guide since it carries a story about retirement planning and gives a few web sites with planners. Only one of them is a freebie.

Soooooo. What I'm looking for is something that i can plug all my numbers into, (my income, the wifes income, current home value, mortage etc), and get a lot of "What if" scenario's.

I'm sure I'm not the only person looking for something like this.
Any help is greatly appreciated.

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Author: Ira
Posted: Mon Jun 06, 2005 1:31 pm
Post subject: Retirement Planning Calculator


Try this site:

http://www.aarp.org/money/financial_planning/creating_plan/a2002-08-20-EvaluatingCashFlow.html

Actually try looking around the AARP site a bit more than I did. You might find some good references there.

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Author: Polonius
Posted: Mon Jun 13, 2005 9:47 am
Post subject: Retirement Planning Calculator


Regardless of how you crunch the numbers, don't take the results very seriously. No one knows the future rate of inflation, housing costs, interest rates, value of your pension/retirement accounts (don't count on Social Security benefits--who know what they'll be when you retire?). Nor do you know when YOU or your spouse will die.

Some take those projections seriously and then run out of money when they live longer than expected or the stock market tanks. Some (like my parents) are afraid and put all into their pension funds instead of enjoying life--and then die young with a wad of cash that they could have enjoyed and didn't.

Personally, on the day of my death I want to have no assets and owe a half million bucks or more to the banks. Only problem is trying to figure out how to do that!