What is a retirement plan calculator?

What is a retirement plan calculator?
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1 Answer

Answer :

A retirement calcular takes your current age vs. the age you want to retire, the amount you may already have funded, the rate of interest you expect to draw vs. the amount you want to have at retirement and calculates your annual savings needed to reach that goal.
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Related questions

Pension Retirement Calculator Helps Plan Your Retirement Years?

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Last Answer : Employers in prior decades used to offer a fixed pension plan to their workers. This gave the workers a sense of security. They knew that after working for a certain number of years, they ... retirement. Most tools also include a Social Security calculator that will off set the pension amount. When

72(t) Calculator: Early withdrawals from retirement accounts?

Description : 72(t) Calculator: Early withdrawals from retirement accounts?

Last Answer : 72(t) Calculator: Early withdrawals from retirement accountsThe Internal Revenue Code section 72(t) and 72(q) allows forpenalty free early withdrawals from retirement accounts. Thesesections ... that yourfinancial institution may or may not support all the methodsdisplayed via this calculator.

How can a retirement planning calculator help me at age 30?

Description : How can a retirement planning calculator help me at age 30?

Last Answer : Retirement is a long way off at age 30. As a result, many young people fail to take tools like retirement planning calculators seriously. This is a terrible mistake. Retirement is expensive. ... in life to make a retirement plan, funding a decent retirement may well be prohibitively expensive.

What is the most accurate retirement calculator available online?

Description : What is the most accurate retirement calculator available online?

Last Answer : The most accurate retirement calculator available online is the retirement savings calculator at Edward Jones' website. It is easy to use, quick, and versatile.

Where online can I find a free retirement planning calculator?

Description : Where online can I find a free retirement planning calculator?

Last Answer : You can find a free retirement planning calculator at either moneycentral.msn.com/retire/planner.aspx or www.americanfunds.com/retirement/calculator/index.htm. Fool.com and Vanguard offer retirement calculators online. These are free to use.

What factors are considered when using a retirement planning calculator?

Description : What factors are considered when using a retirement planning calculator?

Last Answer : age time on the job pay if it is salary or commission and if the person has invested in the company.

Is there an online navy retirement calculator?

Description : Is there an online navy retirement calculator?

Last Answer : There is an online calculator for this specific reason. It's easy, functional, and very helpful. Highly recommended for anyone attempting to get their funds in order.

Can I use an immediate annuity calculator to calculate how much I will have for my retirement?

Description : Can I use an immediate annuity calculator to calculate how much I will have for my retirement?

Last Answer : An imeediate annuity calculator are for people who are interested in immediate annuities. I would assume that you could use this calculator to calculate how much you will have for your retirement.

What is your retirement plan?

Description : What is your retirement plan?

Last Answer : I hope to be healthy and wealthy enough to travel. When I was married, we had a camper and our plan was to go all over the country in the camper. I have since decided that is way too much work and would rather travel by car or plane and stay in nice hotels.

How much is this employee contributing to his her retirement savings plan each pay period?

Description : How much is this employee contributing to his her retirement savings plan each pay period?

Last Answer : What is the answer ?

Pension Plan Retirement Options?

Description : Pension Plan Retirement Options?

Last Answer : Pension Plan Retirement OptionsChoosing between pension options can be a difficult task.Choosing an option that guarantees your spouse pension benefitsafter your death means extra security but also ... calculator to help decide which pension option works best foryour particular retirement needs.

How To Plan For Your Retirement?

Description : How To Plan For Your Retirement?

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Retirement Calculators: What Information Do You Need to Plan Your Retirement?

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George Thriftless is 45 years old, earns $50,000 per year, and expects that his future earnings will keep pace with inflation, but will not exceed inflation. He has not yet saved anything toward his retirement. His company does not offer any pension plan.?

Description : George Thriftless is 45 years old, earns $50,000 per year, and expects that his future earnings will keep pace with inflation, but will not exceed inflation. He has not yet saved anything toward his retirement. His company does not offer any pension plan.?

Last Answer : George Thriftless is 45 years old, earns $50,000 per year, and expects that his future earnings will keep pace with inflation, but will not exceed inflation. He has not yet saved anything toward ... expects to receive $12,000 per year in Social Security benefits, he cal­culates that he will have t

Are there any circumstances where I can take an early withdrawal without penalty from a 401K retirement plan?

Description : Are there any circumstances where I can take an early withdrawal without penalty from a 401K retirement plan?

Last Answer : There are a number of restrictions and requirements regarding early withdrawals from a 401K. Additionally, the IRS regulations often change. Your best bet is to discuss your situation with your fund manager or consult with your tax professional.

what are the advantages and disadvantages of a defined benefit retirement plan?

Description : what are the advantages and disadvantages of a defined benefit retirement plan?

Last Answer : The advantages of a defined benefit retirement plan is that you will be clear from the outset what benefits you will have and be able to plan accordingly throughout your work years. An major ... the terms within the plan to adjust for new conditions that might arise throughout your work year.

How is a defined benefit retirement plan different from an annuity plan?

Description : How is a defined benefit retirement plan different from an annuity plan?

Last Answer : A defined benefit plan is one that your employer pays for over the period of time you are employed with them. An annuity plan is a program that you invest in for your retirement. Both are payable ... of your retirement. Defined plan is a fixed amount. Annuity depends on the terms of your contract.

Are mutual funds able to be held in a registered retirement savings plan?

Description : Are mutual funds able to be held in a registered retirement savings plan?

Last Answer : A registered retirement account can invest in stocks, bonds and mutual funds.

Can an individual contribute to an IRA and another retirement plan at the same time?

Description : Can an individual contribute to an IRA and another retirement plan at the same time?

Last Answer : Yes, individuals can contribute to a traditional IRA whether or not they are covered by another retirement plan Small catch... they may not be able to deduct all of their contributions if they ... retirement plan. Note that contributions to a Roth IRA are not deductible and income limits apply.

How does one contact a retirement plan administration?

Description : How does one contact a retirement plan administration?

Last Answer : www.gnapartners.com/ is where you can contact a retirement plan administration.

How to Set Up a 401k Retirement Plan Without an Employer?

Description : How to Set Up a 401k Retirement Plan Without an Employer?

Last Answer : Not everyone works for a company that supplies its employees with 401k retirement plans. Many companies simply do not offer them. Other people may be independent contractors or small business owners. Whatever ... income than what was contributed into the plan during a certain part of the tax year.

Developing a Plan for Retirement?

Description : Developing a Plan for Retirement?

Last Answer : Many young and middle aged adults are making the smart decision to plan for their future, and this involves developing a plan for retirement in their later years. It is common for working ... investments. Over time, your nest egg should grow more quickly with these different types of investments.

Never Touch Your 401k Retirement Plan?

Description : Never Touch Your 401k Retirement Plan?

Last Answer : When something big comes up, such as the need for a new car, you may be tempted to use the money in your 401k retirement plan to pay for it. This is possible, but it is not wise. ... gratification of a new purchase quickly, but you will not have enough money to retire comfortable in the long run.

Retirement Plan?

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Last Answer : form_title= Retirement Plan form_header= Create your retirement plan and start saving now. At what age, do you want to retire?*= _ [50] How much are you putting to your 401k each month?*= _ [50] Does your employer match your contributions?*= () Yes () No () Not Sure

What is the best retirement savings plan to invest in?

Description : What is the best retirement savings plan to invest in?

Last Answer : The best retirement savings plan to invest in depends on your financial needs and what works for you. You should meet with a financial advisor and look at the different options available.

Are you penalized for withdrawing money early from your retirement pension plan?

Description : Are you penalized for withdrawing money early from your retirement pension plan?

Last Answer : Typically there is a fee for withdrawing money early from your retirement pension plan. However, there are exceptions to this rule. It is best to check with your specific provider to discuss your circumstances and learn their terms and conditions.

How does a 403b retirement plan differ from a 401(k) plan?

Description : How does a 403b retirement plan differ from a 401(k) plan?

Last Answer : It is always good to have a retirement plan you need to first decide what you want,this site http://www.nationwide.com/403b-retirement-plans.jsp will tell you about a 403b plan which differs from a 401k plan which is usually offered by your company.

What is the tax consequence of the 401k retirement plan?

Description : What is the tax consequence of the 401k retirement plan?

Last Answer : A good tax consequence of a 401k retirement plan is that you can literally save money as the funds that are ususally tax-free. If you withdraw from your 401k plan, there is usually a large penalty.

How can I find a job with a retirement pension plan?

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Last Answer : A retirement pension plan would be listed under benefits for any job you are considering. If you are fortunate to get an interview, make sure to ask specific questions about the retirement pension plan they are offering.

How does a 457 retirement plan work?

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Last Answer : A 457 retirement works by deducting any contributions out of your paycheck before the taxes come out. They are a great way to save money that is tax-deferred. Only those who are employed by nonprofit ... schools are eligible for the type of retirement plan. For more info please visit www.irs.gov.

Who can I talk to about my 401k retirement plan?

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Last Answer : You can talk about your 401k retirement plan to people that know about retirement or companies that deal with retirement. Basically it is best to talk to people that deal with retirement.

Why You Should Use a Mortage Rate Calculator to Plan Your Home Purchase?

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Last Answer : Making the decision to purchase your first home can be a major milestone in your life, and it is something that you are probably feeling pretty excited about. However, you have to take this decision ... rates. With a mortgage rate calculator, you can determine if you are truly getting a good deal.

Where can I find a calculator to calculate the gains from a dividend reinvestment plan?

Description : Where can I find a calculator to calculate the gains from a dividend reinvestment plan?

Last Answer : Yes whatever website your stock finance is at should have a calculator to find out, or estimate what that stock should be in the next ten years. If you can find it there then it should be on a stock website.