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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
- FREE Retirement EBook written by Bill Losey, America’s Retirement Strategist
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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% |
Improving Personal Net Worth
Retirement Calculator, Inc.improvingpersonalnetworth.com
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IMPROVING YOUR PERSONAL NET WORTH
Improving your own personal net worth. . . it is something that we all aspire to do, yet more and more of us just cannot attain that goal. So the question then becomes: what can I do differently to improve and increase my personal net worth? Of course, the responses that immediately come to mind are to work hard, save money, and spend your income only on those things that are absolutely necessary. Certainly all of these answers have the ring of truth but often, things are easier said than done. According to most experts on the subject, you must look a little deeper to find the answers and solutions to improving your personal net worth. But all seem to agree that it is possible, with a little work, of course. One of the most prevalent suggestions out there among those who work in the financial and self-help fields are that in order to improve a situation, one must be able to face the it head on, with no sugar coating, and look at the reality of the situation. This holds true with all matters in which we wish to improve, whether it deals with becoming healthy physically or healthy financially. And being able to logically look at your financial status and evaluate it truthfully is a big step that one must always be willing and able to take in order to improve his or her own personal net worth. As a basic and generalized rule, one's personal net worth comes down to one simple equation: assets minus liabilities. In order to calculate this, you must first be able to determine your assets, whether they be liquid, retirement, or fixed. Liquid assets are those from which you can easily obtain money. This is most easily exemplified by a checking or perhaps even a savings account. Fixed assets are those such as your car and your home. Retirement assets include any money in a 401K or an IRA. These types of long term investments will make for more solid retirement assets. Liabilities, on the other hand, are easily noted as what kind of money you owe. Home loans, credit card bills, and even car loans all fall into this category. Obviously, a major step to improving one's own personal net worth is to make sure that your assets far exceed your liabilities. However, this only addresses the present. At some point in time we must all also begin looking to our future and preparing for a time of retirement. And to be able to comfortably address those issues, improving our own personal net worth today can help lead to a more financially sound future. We must all become able to budget and save soundly and responsibly, for this will lead to a nest egg that we are then able to depend upon for future income and invest accordingly. Finally, we must all, no matter one's age, begin preparing for the stage in life that offers retirement as a possibility. Improving your personal net worth today can help to make that a reality. Experts agree that in order to most effectively improve your own personal net worth, one must be able to identify and treat your financial situation as a business. Like all businesses, you certainly want to show a profit, both in the short term and in the future. Start making those dreams of the future a reality today by devoting time and energy to improving your personal net worth. Click on the red button below to download the calculator. In the end, you will be glad that you did. |
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Retirement Knowledge Center
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- Are you retired or thinking about retiring?
- Do you have enough money to comfortably live throughout your retirement years?
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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.
