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About Retirement Calculator, Inc.
Retirement Calculator, Inc. provides the tools and resources necessary to assist you in making critical economic decisions regarding your retirement future.CBS The Early Show
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Asset Allocation
Often financial "experts" make asset allocation difficult to understand. My goal in this series of articles is for you to understand asset allocation thoroughly, in an easy to understand format.- FREE Retirement Calculator recommended by Ray Martin on the CBS Early Show - Watch the video clip
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| NATIONAL OVERNIGHT AVERAGES | TODAY | +/- | LAST WEEK |
| 30 yr fixed mtg |
|
3.80% |
|
3.76% |
| 15 yr fixed mtg |
|
3.11% |
|
3.02% |
| 5/1 ARM |
|
2.69% |
|
2.68% |
| 30 yr fixed jumbo mtg |
|
4.38% |
|
4.39% |
| 5/1 jumbo ARM |
|
2.94% |
|
2.89% |
| NATIONAL OVERNIGHT AVERAGES | TODAY | +/- | LAST WEEK |
| $30K HELOC |
|
4.60% |
|
4.59% |
| $50K HELOC |
|
4.24% |
|
4.24% |
| $30K home equity loan |
|
5.77% |
|
5.76% |
| $50K home equity loan |
|
5.50% |
|
5.47% |
| $75K home equity loan |
|
5.47% |
|
5.44% |
| NATIONAL OVERNIGHT AVERAGES | TODAY | +/- | LAST WEEK |
| 36 month new car loan |
|
3.13% |
|
3.13% |
| 48 month new car loan |
|
3.24% |
|
3.25% |
| 60 month new car loan |
|
3.34% |
|
3.35% |
| 72 month new car loan |
|
3.31% |
|
3.31% |
| 36 month used car loan |
|
4.36% |
|
4.36% |
| NATIONAL OVERNIGHT AVERAGES | TODAY | +/- | LAST WEEK |
| 6 month CD |
|
0.46% |
|
0.46% |
| 1 yr CD |
|
0.70% |
|
0.70% |
| 5 yr CD |
|
1.38% |
|
1.38% |
| 1 yr IRA CD |
|
0.71% |
|
0.71% |
| 5 yr IRA CD |
|
1.49% |
|
1.49% |
Take Your Pick Among Retirement Settlements
Retirement Calculator, Inc.retirementsettlements.com
There are a number of types of retirement settlements. In one, retirement settlements are made by companies that purchase life insurance policies that you no longer wish to carry. In another, retirement settlements are the offers that are made by a company when they wish to release an employee with an early retirement option. Both of these types of retirement settlements can have a number of financial implications. With the first, the primary implication is that you have made the choice to sell your insurance policy because otherwise you do not have the money that you need to pay your expenses or otherwise fund your lifestyle. With careful planning ahead of time, understanding your investments and the way they perform and having a solid financial plan in place, you should be able to avoid this type of retirement settlement. The second may prove a bit more challenging. When you are asked, or forced, to accept an early retirement, your whole world may seem to have been turned upside down. Not only will you no longer be commuting to and from the office every day, you will no longer be bringing in a regular paycheck. Though with these retirement settlements, you are often offered a sizeable last paycheck and a portion of your pension plan, you will still find that the plans you have for your retirement are suddenly not on the same track they had been on. And that makes it even more important for you to have control over your financial planning. You need to be able to tell immediately how your retirement savings accounts and investments will be affected, and you need to be able to quickly make changes to your strategy. The most effective tool for this is our free retirement calculator. With it you can do a number of things. You can evaluate the way the stocks, bonds and mutual funds that you've invested in have performed in the past. More importantly, you can see the projections for how your investments will perform in the future - and how those projections will be affected by interest rates and inflation. However, that too is only a starting point. You will also be able to use even more powerful tools, such as those that show you how changes to your investment strategy will affect the savings that you have when you retire. For example, you can use the tool to evaluate how a withdrawal from your savings would affect the income you had when you retired. Similarly, you can use it to determine the ways in which smaller monthly deposits and less money available for investments will affect your financial security. You'll be able to project your retirement income based on the changes to your current income, and take into consideration that there will no longer be contributions to your pension plan. These effects may make you uncomfortable and will bring up many questions. Because we are aware of this, we have made it possible for everyone who downloads our free retirement calculator to have a free one-on-one consultation with a financial advisor. You'll be able to ask questions and get the answers you need. You'll be able to develop a plan to deal with your new circumstances, and the retirement counselor will be able to help you put that plan into action. If you are looking to avoid the first of these retirement settlements, you can use our retirement calculator to ensure that you'll have the money you need for your retirement without having to sell your life insurance policy. And if you are offered the second type, you need the perspective and understanding that will come from using our retirement calculator to evaluate your financial plan. Either way, the benefits of our retirement calculator will speak for themselves. See for yourself. Just click the red button below to get started. |
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Retirement Knowledge Center
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Analysis of the Economics of Early Social Security Withdrawal
Robert J. Phillips
Chief Retirement Consultant
Deciding whether or not to take the early withdrawal of social security at age 62 can be difficult. If you need this income at 62 to fund your retirement the decision is fairly straightforward. Take it early! On the other hand, if you have another source of revenue to fund your retirement your decision will be primarily based on lifestyle, health and investment preferences.
Several factors can affect your decision. First is your life expectancy. If you are in good health and have a family history of living beyond 90 then waiting for full benefits may be best. Two other factors impact this decision. First and most important is the value of money or your expected return from your investments. If you are using other investments instead of social security to fund your retirement you should use the rate of return of these investments as your value of money. There is another way to look at the value of money. If you do not require the social security money to live, you can invest the distributions for the future. The rate of return of this investment is your value of money. If your investments will make larger returns such as stocks this would favor taking the early withdrawal.
The last factor impacting your decision is inflation. Social security includes an annual adjustment based on inflation. You cannot control this variable but you should be aware of its impact. If future inflation is significant it will favor a later full distribution
FREE Social Security Calculator:
Find Out Your Breakeven AgeWe developed a calculator to assist in analyzing the impact of taking early benefits at age 62 or waiting for full benefits at age 66 to 67 depending on the year you were born...If you were born in 1960 or later your full benefits will begin at age 67 and your reduction for early benefits at age 62 will be 30%. If you were born between 1946 and 1960 your full benefits begin as early as age 66. We have included a chart that summarizes information.
To use the calculator you need to input your year of birth. You also need to input a value of money up to 10% and a projected inflation adjustment. The calculator analyzes income generated over time from both the early and full benefit investments. It calculates the age at which full social security will catch up and breakeven with the early withdrawal. If you were born before 1960 your breakeven age will be impacted by the year you were born. An early breakeven age favors waiting for full benefits.
The social security calculator is not the final answer whether to take an early withdrawal but it does give you additional economic data to assist in that decision. Ultimately you must balance income, investments and lifestyle to optimize your enjoyment during your retirement years.
