Financial planning has three aspects that are covered in the links
below:
Investment
and Savings Strategies
Federal
Retirement Benefits
Pension
and Pension Benefits
Much of the material in this section was taken from the Administration on Aging's
(AoA) excellent and exhaustive site dealing with these same issues. The information below
is a condensed version which selects what we feel is the best of the links provided on the
AoA page
Financial Calculators
Financial Calculators may be a useful planning tools for
some. However, they may use various assumptions which may not always be
clear. The results of such calculations should be used only as general
estimates.
Federal
Employees Retirement Calculator
Calculate your Civil
Service or Federal Employees Retirement System (CSRS or FERS) benefits
with our online calculator. Also calculates Thrift Savings Plan return
on investment using your financial assumptions, and more.
Ballpark
Estimate - A worksheet designed to help individuals quickly identify approximately
how much savings they will need to live comfortably in retirement.
AnnuityFYI
This is a little gem of a web site referred to us by a reader. Check out the
sections on Annuity Basics and Compare Annuities. See disclaimer below.
The Smart Money
Retirement Planner - includes a retirement calculator plus considerable
information on many important issues, e.g., worksheets and articles on how much to save,
how to invest, how to avoid penalties, and more.
Retirement Calculator - the Retirement
Planning Calculator assists users to develop long-range savings strategies by helping to
address four basic issues: When do you plan to retire -- and how long do you expect your
retirement income will need to last? How much money do you estimate you'll need to support
your lifestyle after you've left the workforce? From which sources will you receive income
during retirement? How much should you start saving now to help you meet your retirement
goals? The 15 short questions that follow will help you estimate your retirement savings
goal and how much more you may need to save to help get you there.
Financial Calc - a site where you can
generate personalized financial plans such as retirement, college funding, insurance
needs, mortgage refinance, credit card payoff, etc. Many feature require downloading of
free plug-in program from the links provided.
Financial
Engines - a more sophisticated approach than most others, this
site analyzes your investments, simulates how they might perform in thousands of economic
scenarios and estimates the chance that you'll have enough to retire. It also provides
advice on investment decisions. This site is free for individuals not sponsored by
their companies. This site was co-founded by William F. Sharpe, a Nobel prize
winning economist on the faculty of Stanford University.
More Information About Retirement
For more information about retirement, visit the AoA web
page and learn about:
