Crunching your retirement numbers

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Retirement Calculators and other Retirement topics.

Can a retirement calculator help me plan for retirement?

Crunching your retirement numbers

Retirement calculators are handy tools, but simple retirement calculators can provide misleading results. Try using a simple retirement savings calculator as a "dry run", but then look for something more sophisticated as your retirement investment savvy improves. For instance, a sophisticated retirement income calculator can account for increasing the size of your contributions to retirement savings, allow for tax sheltered annual contributions, and project inflation rates--all of these are factors that could significantly affect your bottom line.



Nobody has commented on this tip yet. Be the first.


URL: (optional)


Not finding the advice and tips you need on this Retirement Tip Site? Request a Tip Now!

Guru Spotlight
Linda Handiak