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About Retirement Calculator, Inc.

CBS The Early Show

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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

Guaranteed Income for Retire ment

Wish There Were Such a Thing as Guaranteed Income for Retirement?

There are plenty of people who would love to take the stress out of planning for their financial future by knowing that there was such a thing as guaranteed income for retirement. It would be nice, wouldn't it? guaranteed income for retirement would mean that you could pay less attention to investing in stocks and mutual funds because no matter what happened, you would know what you were going to get. Likewise, it would mean that you could spend less time trying to research the right certificates of deposit or annuity accounts that would help you to generate income more rapidly.

However, because there is not such a thing as a guaranteed income for retirement that we will all get a piece of when our turn to retire comes around, there is planning that needs to be done. It is important that each of us creates our own guaranteed income for retirement by:

1. researching interest rates and how they will affect our savings accounts - regardless of which type of account we choose;
   
2. understanding why mutual funds may be a better investment option if the idea of high risk investing is terrifying and the fear of losing everything is too great to overcome;
   
3. realizing the value of employer contributions to retirement plans even if otherwise we would not be considering a 401k, 403b or 457 account;
   
4. recognizing that a stock portfolio needs to be watched - especially when we are getting closer to retirement - so that we can be sure that we move our money before losing too much; and
   
5. understanding the rules that the IRS places on retirement savings accounts.

By taking the time to really understand saving for and investing in our own retirements, we will all be in a better position. However, just because there is research that we need to do does not mean that we are entirely on our own in the endeavor. For example, downloading the free retirement calculator on this page will not only give you a tool that will help you to create guaranteed income for retirement , it will also get you connected with a financial advisor in your area who can help you to consider different options that may better secure your retirement income.

The best part is that the contact information that you enter when you download the retirement calculator will be forwarded to a financial advisor in your area who will be able to answer your questions, help you to more clearly identify your financial goals and then work with you to develop a plan for achieving those goals.

Because there is no such thing as a guaranteed retirement income, it's essential to get all the help that is available - help that can ensure that you create your own best future. As that help is already available to you - there's a tool that lets you calculate income and see before making changes how your income will be affected - it's a good idea to act while you have the chance.

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?

Have you wondered if you have enough money to retire, how long it will last, how much you can take out, and the best way to invest?

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.