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About Retirement Calculator, Inc.

CBS The Early Show

Watch the video clip

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• FREE Retirement Calculator recommended by Ray Martin on the CBS Early Show - Watch the video clip
• FREE Retirement EBook written by Bill Losey, America’s Retirement Strategist
• FREE Retirement Intelligence Information Services Newsletter
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• FREE Consultation with a certified financial advisor in your area

Income Calculations

Looking for More Accurate Retirement Income Calculations?

If you've been thinking about your retirement and have started to wonder about what your income will be like, chances are good that you'd like to see some income calculations. Income calculations can be based on the savings accounts that you have and how they will accrue over time - after factoring additional contributions and interest payments.

Similarly, income calculations can be based on the investments that you've made. In some cases, income calculations will take the projections for how well your stocks or mututal funds perform to show you how much you're going to make based on the choices that you have made.

Unfortunately, one of the things that you are likely to discover is that not all of the income calculations are sure things. Some income calculations will leave you feeling extremely confident when, in reality, a figure might be off just a little bit and the big picture might be very bleak. Some will have you rushing to sell shares of a stock based on your income calulations, and yet you'll find later that you should have kept those shares because they would have led to big profits.

In other words, when it comes to finding the right retirement income calculations, it's important to know that you're getting the right information. You need to be able to feel confident that the income calculations are accurate, and in order for that to happen you need to be sure that you have the right tools available to you.

One such tool that can help you to look at accurate income calculations is the free retirement calculator that you can download from the bottom of this page. With the free retirment calculator, you'll find that there are a number of things that you can do to:

1. You will be able to look at your savings accounts to see whether or not you've got the right savings' strategy for achieving your retirement income goals;


2. You will be able to take a closer look at individual stocks as well as shares of mutual funds to see whether or not the investments that you've made have performed well and to see projections for how they will perform over the next twenty five years; and,


3. You will be able to substitute the savings accounts that you've been thinking about opening and the investments that you've been thinking about making to see whether or not they would be more effective for reaching your goals.

More importantly, to verify that you are seeing accurate income calculations, when you download the retirement calculator, your contact information will be forwarded to a financial advisor in your area. You'll receive a free follow up call - and that means you'll have the chance to ask questions, get answers and work on developing a plan that will help you to reach your goals.

Understanding what you need in order to reach your retirement goals is essential; so is knowing that you're working from the right income calculations. With the retirement calculator, you will be well on your way to reaching those goals, so why not get started now? Click to download the free retirement calculator below.

Find a Qualified Financial Planner in Your Area

Do You Know the Answers to These Important Retirement Questions?

• Are you retired or thinking about retiring?
• Do you have enough money to comfortably live throughout your retirement years?
• Would you like FREE face to face advice or retirement consulting from a trusted local financial advisor?
• Are you looking for help to achieve your long-term financial goals?
• Would you like to learn more about Annuities, 401's, Life Insurance and Long Term Care?

Would you like to retire, but aren't sure you can?

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Everyone who has thought about retirement has asked themselves these and other questions. Now you can get ALL the answers in Retire in a Weekend! This short, simple, humorous, easy-to-understand book answers the 10 most popular questions and addresses the 5 biggest concerns people have about retiring! So stop asking yourself IF you can retire ... with Retire in a Weekend! you'll learn HOW to actually do it.

For a limited time, purchase Retire In a Weekend for $29.95 and receive a free download of Retirement Calculator Premium.

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:

We 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.