15.7 C
New York
Friday, May 10, 2024
HomeCharts
ChartsMarkets

Calculating Your Finances, Part 2: Retirement

By Chart School
0
34

Courtesy of Doug Short

In Calculating Your Finances, Part 1 I shared links to the excellent online calculators from the Financial Mentor website of Todd R. Tresidder, an expert who teaches personal finance and investing based on real experience.

Here is another collection of Todd’s outstanding calculators. These are focused on what is probably the most important financial topic of our lives — planning for retirement.

  • Ultimate Retirement Calculator
    It’s called the ultimate retirement calculator because it does everything the others do and a whole lot more. It reflects modern retirement planning where people supplement savings with consulting, part-time income, business income, or real estate income. In fact, you can supplement your retirement savings with up to 3 additional income streams plus a one-time lump sum benefit such as selling a home. This allows for sophisticated scenario analysis other retirement calculators can’t do.
  • Retirement Withdrawal Calculator
    How much can I afford to withdraw each month given the retirement savings I have accumulated – both before and after inflation?
  • Retirement Savings Goal Calculator V1
    How long will it take me to reach my desired retirement savings goal given my current savings balance and my monthly deposits?
  • Retirement Savings Goal Calculator V2
    How much must I save each month to reach my desired retirement savings goal given my current savings balance and expected retirement date?
  • Monthly Savings Growth Calculator
    If I deposit a certain amount in retirement savings each month what will it grow to at any future point in time? This calculator is handy for estimating what your monthly 401(k) deposits can be expected to grow to.
  • Retire A Millionaire Calculator
    So you wanna be a millionaire? This fun calculator will tell you when it will happen and what a million dollars will be worth by then after adjusting for inflation.
  • How To Save Money For Retirement
    If you have problems saving for retirement then this calculator will show you an easy way.
  • Spend Now Versus Save For Retirement Calculator
    How much will spending money today cost me in terms of retirement savings in the future?
  • IRA Rollover Calculator
    What is the financial cost of taking a distribution from my 401(k) or IRA versus rolling it over into another tax deferred account?
  • Inflation Calculator
    How much purchasing power has my money lost between any two points in history? Understanding the erosive effects of inflation on the purchasing power of your retirement savings is essential to proper retirement planning. You will be shocked by the results!


Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,242FansLike
396,312FollowersFollow
2,300SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x