Tag: retirement calculator

What Do Financial Advisors Do? (And Do I Need One?)

The best financial advisors offer many benefits to their clients. However, many of us think that they only provide advice on investments to extremely wealthy people. Financial advisors can offer you confidence, security and a secure retirement plan.Here are six things that financial advisors do to benefit clients of all levels of wealth. 1. Financial…

retirement planning

The Dismal State of Retirement in 2020: How to Turn Lemons into Lemonade

The retirement outlook has changed drastically since your grandparents, and even parents, retired. In fact, by some measures, retirement might seem as sour as lemons. The Great Recession of 2008-2009 and the Global Pandemic of 2020 have sharply changed people’s attitudes towards and expectations of retirement. The Trans-America Center for Retirement Studies found in their…

Ready for Retirement

Are You Ready for Retirement? Do You Have the Right Answers to these 4 Questions

Wanting to retire is a vastly different concept than being ready for retirement. Even if you are already retired, you might not be sure if you are actually adequately prepared for this time of your life. So, how do you know if you are ready for retirement?  Here are 4 questions to ask yourself: Do…

Retirement calculator

Retirement Calculator Advice for Self Employed with Irregular Income

Self employment offers surprises everyday.  New challenges and often a different income every month.  As anyone who is self employed with an irregular income knows, retirement financial planning isn’t something that comes easy when you’re just not sure from one month to the next. Today might be a boon, and tomorrow might be a bust.…

Annuity calculator

How Retirement Calculators Maximize Your Retirement Income

Planning for retirement income sure is different from what it seemed to be a few generations ago. Pensions are practically nonexistent now, but employer-sponsored 401(k) and personal IRA options help you create your own. Counting on Social Security to pay the bills isn’t the wisest idea anymore either, but it is still an important component…

Retirement calculators

Early Retirement Calculator: Crunch Your Numbers and Find Your Earliest Retirement Age

Early retirement isn’t an unattainable dream. It’s what you want out of life now and in retirement that determines when you can retire. An early retirement is not the easiest thing you’ll do, but the best things in life usually aren’t. Use an early retirement calculator to find out if you have what it takes…

4 Big Surprises About Working in Retirement (Some Good & Some Bad)

Most Americans approaching retirement have acknowledged — even embraced — the notion that they will want or need to work in retirement. But they may be in a for a few BIG surprises. A new study of nearly 3,300 baby boomers suggests retirement job expectations may not be realistic. Commissioned by the Bankers Life Center…

Retirement

Retirement Calculators Help You Make up for Lost Time

No life is perfect, and things happen. Life happens. For whatever reason, the traditional retirement planning advice of starting early and contributing often doesn’t always work out. Many Americans get a later start than what’s ideal, but that doesn’t mean there’s no hope. There is a solution in most cases, and a retirement calculator can…

Expert Interview with Mark H. About Financial Planners and Calculators

The tools for financial independence are at your fingertips, as long as you know where to find them. In this interview, Mark H. of SimplePlanning.net talks about financial planners and calculators and how they can help individuals plan for retirement, college, and just about anything else. But savings isn’t all these planners and calculators help…

The Retirement Crisis is Real: More than 50% of Americans Do Not Have Enough for Retirement

The U.S. is in the midst of a growing retirement crisis, and it’s only getting worse as an increasing number of Americans are less prepared to live on their savings than ever. According to “The Reality of the Retirement Crisis,” a report released this year by the Center for American Progress (CAP), more than 50…

Pension

Should I Take a Lump Sum Pension Offer? Use a Lump Sum Calculator and a Retirement Calculator

If you are debating whether or not to take a lump sum pension offer in place of lifetime benefits, it’s important to understand key information in order to make an informed decision. According to a new Government Accountability Office report, many of the informational materials provided by sponsors offering lump sums do not present enough…