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

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

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. These days, many people live in retirement for 30 years. If you want to enjoy your retirement without having to work, you will need to save a great deal of money. Since most people are not independantly wealthy, they need to start saving for retirement very young. The best way to determine how much to save to reach your goals is to use a tool like a retirement planning calculator. Such a calculator can tell you whether your goals are realistic, so that you can make other plans now before it is way too late. If you do wait until later in life to make a retirement plan, funding a decent retirement may well be prohibitively expensive.
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Related questions

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.

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.

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.

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.

What is a retirement plan calculator?

Description : What is a retirement plan calculator?

Last 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.

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.

Pension Retirement Calculator Helps Plan Your Retirement Years?

Description : Pension Retirement Calculator Helps Plan Your Retirement Years?

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

How are you planning for your retirement?

Description : How are you planning for your retirement?

Last Answer : Many things. I put a shit load of my pay into superannuation. I'm badgering my husband to do the same (and winning). We are investing money elsewhere. We are currently discussing other investment options. ... that's very much on my mind as I like to feel secure. What are you doing @Rarebear?

How are you planning your retirement?

Description : How are you planning your retirement?

Last Answer : On a wing and a prayer. Wish me luck. I do own my Subaru Legacy Outback wagon outright, and if I were to end up living in my car, in any car, that would be the one I would want to do it in. I guess that’s not really a plan, is it?

Any suggestions for a book or software for retirement planning?

Description : Any suggestions for a book or software for retirement planning?

Last Answer : Here is a different sort of book: How to Retire Happy, Wild and Free: Retirement Wisdom Your Won’t Get from Your Financial Advisor

Avoid Retirement Planning Mistakes?

Description : Avoid Retirement Planning Mistakes?

Last Answer : Retirement planning is critical in the day of financial troubles and uncertainty. It is a smart ideat to start planning early so that when the time comes, retiring is an easy process. Some ... since the constant flow of income is no longer available. Approximately 85% of income should be dedi

Retirement Planning Considerations?

Description : Retirement Planning Considerations?

Last Answer : To be financially responsible you must consider how you aregoing to support yourself during retirement. Since you won't beworking and will likely have large medical expenses in the future,properly planning ... you need per year, you can betterunderstand how much you need to have saved. Retireme

When should I start working on retirement planning?

Description : When should I start working on retirement planning?

Last Answer : Their are certain financial goals that must be met before retirement. A retirement plan should be started as early as possible so retirement can be reached at a younger age. Retirement planning should start ... real job. If you are dilligent with saving you can retire early and enjoy your life.

Where can I find a good, free retirement planning worksheet online?

Description : Where can I find a good, free retirement planning worksheet online?

Last Answer : There are numerous free retirement planning worksheets available online. Vertex42.com offers a free retirement savings calculator program that may suit your needs. However, be warned, many ... calculator. ToolsForMoney.com/retirement also offers a free calculator for planning your retirement.

Benefits of Early Retirement Planning?

Description : Benefits of Early Retirement Planning?

Last Answer : Currently, early retirement planning is perhaps the smartest task a person can embark upon. Planning for retirement becomes increasingly difficult as time passes. An individual should start as early as ... and there can really help anyone achieve their retirement savings goals in no time at all.

ERP is an acronym for ______: a) Enterprise Retirement Planning b) Enterprise Relationship Planning c) Enterprise Resource Planning d) Enterprise Reorder Planning e) Enterprise Retention Planning

Description : ERP is an acronym for ______: a) Enterprise Retirement Planning b) Enterprise Relationship Planning c) Enterprise Resource Planning d) Enterprise Reorder Planning e) Enterprise Retention Planning

Last Answer : c) Enterprise Resource Planning

When the Human Resources module is activated, which areas must be addressed? a. Complement (number of workers) b. Caliber (recruitment of talent of workers) c. Training (time workers spend in training) d. Benefits (retirement planning for workers) e. a, b, and c

Description : When the Human Resources module is activated, which areas must be addressed? a. Complement (number of workers) b. Caliber (recruitment of talent of workers) c. Training (time workers spend in training) d. Benefits (retirement planning for workers) e. a, b, and c

Last Answer : e. a, b, and c

What exactly is the big deal about raising the retirement age?

Description : What exactly is the big deal about raising the retirement age?

Last Answer : answer:This decision was not based on any philosophical principle or European precedent. It was, in fact, primarily pragmatic, and stemmed from two sources. One was a general observation about ... retirement under Social Security. http://www.ssa.gov/history/age65.html *People hate change.

Do you feel age 55 has become redundant in terms of retirement?

Description : Do you feel age 55 has become redundant in terms of retirement?

Last Answer : I think most Americans think of retirement age as being 65. Retiring at 55 would be early retirement in my view. I am not sure what you mean by redundant? Can you explain further what exactly you mean by using that word?

Do you think that retirement age should be tied to life expectancy?

Description : Do you think that retirement age should be tied to life expectancy?

Last Answer : answer:Hell no! Our world and work ethic sucks the big banana! I am 50 and as active and extraverted as I am, I have zero desire to work until I drop like a cart horse from the last ... to be forced by circumstance to hobble along in a lame condition until you collapse under the yoke of necessity.

What is the age of retirement of a Judge of a High Court? -SST 10th

Description : What is the age of retirement of a Judge of a High Court? -SST 10th

Last Answer : The Judge of a High Court retires at the age of 62 years.

What is the age of retirement of the Judges of the High Court? -Do You Know?

Description : What is the age of retirement of the Judges of the High Court? -Do You Know?

Last Answer : answer:

At what age is it good to start saving for retirement?

Description : I'm 30 years old. As I see it, the pension will be completely ridiculous when I have the required age. How do you handle it? Should I save some money every month? How much should I save and since when? Since 30 years? Everyone says something different ..

Last Answer : I've been buying gold from every paycheck for 30 years. basically anything but 24 carats, from earrings to heavier jewelry I can regret. no stones, pure metal. money in the bank loses value. (tuxedo)

What do you recommend to someone who is single, nearing retirement age, and jobless, but eagerly wants to adopt a toddler?

Description : What do you recommend to someone who is single, nearing retirement age, and jobless, but eagerly wants to adopt a toddler?

Last Answer : I don't know the details about the child and the adopter. Did she have a job at the time that's why she adopted the child and can support herself and the baby? Why is she jobless now? Is it because ... . I think, it's a hard call and challenge the adopting new-parent will have to make on her own.

How much money can i earn at full retirement age?

Description : How much money can i earn at full retirement age?

Last Answer : If your question is in regard to US Social Security benefits,and losing part of your benefit if you earn too much, once you havereached full retirement age you can earn any amount, and not losebenefits.

What is the full retirement age if you were born in 1962?

Description : What is the full retirement age if you were born in 1962?

Last Answer : Feel Free to Answer

What is the full retirement age if you were born in 1958?

Description : What is the full retirement age if you were born in 1958?

Last Answer : Feel Free to Answer

If my d.o.b. is 12 14 1956 when is the earliest I can retire at full retirement age?

Description : If my d.o.b. is 12 14 1956 when is the earliest I can retire at full retirement age?

Last Answer : That depends on where you live and what the retirement age is inthat country

What is the average age for retirement housing in the US?

Description : What is the average age for retirement housing in the US?

Last Answer : The average age for retirement housing in the U.S. is 65. Some may come in earlier, and some may come in later, but majority of the people retire at age 65.

What will happen if I decide to withdraw money out of my 401K account before I reach retirement age?

Description : What will happen if I decide to withdraw money out of my 401K account before I reach retirement age?

Last Answer : You will get nailed with at least a 10% penalty and have to claim it as taxable income besides, unless you can do it on a 401k loan wich you repay to yourself at a set interest rate. (a much better idea)

What is a good early retirement age?

Description : What is a good early retirement age?

Last Answer : 50 year old is a good early retirement age. In the ages of 50 through 60 should be a good estimate, in my opinion. People can have disabilities through at an early age or they can't seem to work anymore will retire at around 50-60 years of age.

Can you claim a state pension at an early retirement age?

Description : Can you claim a state pension at an early retirement age?

Last Answer : Your State Pension depends on the number of years youve paid National Insurance or got National Insurance credits while claiming certain benefits. You need 30 years to get a full State Pension of 107.45. If you have fewer years when you retire youll get less State Pension.

What is the defined retirement age in the United States?

Description : What is the defined retirement age in the United States?

Last Answer : You can receive social security benefits at age 62. However, keep in mind that the percentage of benefits decreases the younger you receive them.

What is the retirement age in the USA when you can receive social security?

Description : What is the retirement age in the USA when you can receive social security?

Last Answer : If you are 62, then you can begin to receive your benefits from social security but it will be at a reduced rate. At 65, you will be able to receive full benefits.

Retirement age of the judges of Supreme Court of India is – (1) 58 years (2) 60 years (3) 62 years (4) 65 years

Description : Retirement age of the judges of Supreme Court of India is – (1) 58 years (2) 60 years (3) 62 years (4) 65 years

Last Answer : (4) 65 years Explanation: The Supreme Court. Judges retire at the age of 65.

What is the retirement age for a Supreme Court Judge? (1) 62 years (2) 68 years (3) 65 years (4) 70 years

Description : What is the retirement age for a Supreme Court Judge? (1) 62 years (2) 68 years (3) 65 years (4) 70 years

Last Answer : (3) 65 years Explanation: All Judges of Supreme Court are appointed by the President of India. Supreme Court Judges retire at the age of 65. A judge of Supreme Court can be removed by the ... 4) of constitution of India on ground of proved misconduct or incapacity or judge resigning from his office.

The age of retirement of judge of supreme court is

Description : The age of retirement of judge of supreme court is

Last Answer : 65

What is the retirement age of the judge of Supreme Court

Description : What is the retirement age of the judge of Supreme Court

Last Answer : 65 years

What is the retirement age of the president –

Description : What is the retirement age of the president –

Last Answer : No age limit

What is the age of retirement of the Judges of the High Court?

Description : What is the age of retirement of the Judges of the High Court?

Last Answer : 62 years

What is the age of retirement of the Judges of the High Court?

Description : What is the age of retirement of the Judges of the High Court?

Last Answer : 62 years

Mark the correct option relating to Senior citizens saving scheme a) An individual of the Age 60 years or more may open the account b) An individual of the age of 55 years or more but less than 60 years who has retired on superannuation or under VRS can also open account within the one month of receipt the retirement benefits and not exceed the amount of retirement benefits c) The maturity period is 5 years d) All the above

Description : Mark the correct option relating to Senior citizens saving scheme a) An individual of the Age 60 years or more may open the account b) An individual of the age of 55 years or more but less than 60 ... and not exceed the amount of retirement benefits c) The maturity period is 5 years d) All the above

Last Answer : d) All the above

The retirement age of the judges of the Supreme Court in India is- a.60yrs b.68yrs c.70yrs d.65yrs

Description : The retirement age of the judges of the Supreme Court in India is- a.60yrs b.68yrs c.70yrs d.65yrs

Last Answer : d.65yrs

1. What is the age of retirement of the Judges of the High Court? 2. In methane molecule how are the four hydrogen atoms arranged? 3. Which industry earns the second highest net foreign exchange from the trade? 4. In which vally is the Himalayan pass Shipki La located? 5. When the East India Company came into existence, By whom was England was ruled?

Description : 1. What is the age of retirement of the Judges of the High Court? 2. In methane molecule how are the four hydrogen atoms arranged? 3. Which industry earns the second highest net foreign exchange ... the climate of India is? 20. Under which act was the Supreme Court in British India established?

Last Answer : CITES (Convention on International Trade in Endangered Species)

Why is my age important when I use a heart rate calculator?

Description : Why is my age important when I use a heart rate calculator?

Last Answer : You average heart rate is based on your age. In young babys and childern there hearts beat faster than an adults. Same with teenagers they average heart rate would be different than that of an adults.

Without using a calculator - You are driving a bus from London to Milford Haven in Wales. In London, 17 people get on the bus. In Reading, six people get off the bus and nine people get on. In Swindon, Two people get off and four get on. In Cardiff, 11 people get off and 16 people get on. In Swansea, three people get off and five people get on. In Carmarthen, six people get off and three get on. You then arrive at Milford Haven. What was the name of the bus driver and what is his age?

Description : Without using a calculator - You are driving a bus from London to Milford Haven in Wales. In London, 17 people get on the bus. In Reading, six people get off the bus and nine people get on. In Swindon, ... on. You then arrive at Milford Haven. What was the name of the bus driver and what is his age?

Last Answer : It was YOU and your age. Read the first line again.

Help me research Continuing Care Retirement Communities, please?

Description : Help me research Continuing Care Retirement Communities, please?

Last Answer : answer:My mother is in a terrific staged retirement community in Lenox, MA. If this sounds interesting, PM me. http://www.kimballfarms.org/accounts/88/homepage/

Is it true that those who retire 20 years from now will not be eligible for social security payments to help supplement their retirement?

Description : Is it true that those who retire 20 years from now will not be eligible for social security payments to help supplement their retirement?

Last Answer : I think you are asking if Social Security will be avaialble when someone retires twenty years from now. The answer is yes. The literature that came with the last Social Security update states Social ... be in danger until at least twenty thirty seven. And even then it will not completely disappear.

How can I get a 401k to help with retirement?

Description : How can I get a 401k to help with retirement?

Last Answer : What you do is deposit money into the 401k during your entire working career. Then, when you retire, the money is there for you to live on (provided that you don't withdraw any money). Social security ... to live on in this economy. With the 401k, you can have extra funds when you aren't working.