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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% |
How to Become A Successful Financial Consultant
Retirement Calculator, Inc.howtobecomeasuccessfulfinancialconsultant.com
When you take a minute to think about careers that could help you to have the life, and retirement of your dreams, you can come up with a number of options. And because you know how you feel about wanting financial success, you might start thinking about the way that others look for the same thing. And then you realize that there is one person who most people go to when they want to ensure that their futures will be all that they hope: A financial consultant. How do you become a successful financial consultant? First, you need to really understand savings and investments. You need to know how they've performed. You need to know how the accounts are projected to perform over time. To become a successful financial consultant, you need to understand the way that small changes can have big results. You need to know how, by making one small change within someone's portfolio, you can double or triple their returns. To become a successful financial consultant, you need to be able to explain those changes to someone else. You need to be able to talk with them, not at them. To be a successful financial consultant, you need to be able to work with people, to recognize their financial goals and to make reaching those goals something that matters to you as well. But when you're looking at how to become a successful financial consultant, you also need to understand your own financial goals, and your own investments. After all, before you will truly be able to help others with their savings and investments, you need to prove yourself, if only to yourself. If you're still not sure whether or not you want to become a financial consultant, rather than taking the time to go to classes and to study, rather than leaving the job that you have now, you should take smaller steps to determine whether or not the change is right for you. Some of these steps include reading articles about financial planning or talking with your own financial advisors. But some of these steps require you to be a bit more hands on. One way of looking more closely at your own savings and investments is to download our free retirement calculator. We've put our time into researching the way that savings and investments have performed over time, and have put that information into the program. We've also put in projections for the ways that stocks, bonds, mutual funds and savings accounts will perform over time, projections that take changing interest rates and inflation into account. To become a successful financial consultant, you need to be able to see and understand the ways that savings and investments have performed and will perform over time. When you explore those things with our retirement calculator, you will gain a better understanding of how savings and investments work to grow your finances over time. What you'll also get when you look at your own investments, though, is an idea of how to make changes to your own financial strategy that will give you better retirement income. You'll be able , with our retirement calculator to explore different possibilities, the ways in,which changes to your investment strategy will affect your savings later on. Some of the changes may be small, investing in a different mutual fund or purchasing stock in a company that's just starting our. Others might be bigger; they may be withdrawals from your retirement savings in order to put a down payment on a new home. But to be a successful financial consultant, you will need to be on the lookout for ways to help your clients make more money. In order to become successful at anything, you need to understand it. If you are still looking to learn how to become a successful financial consultant, you should click the red button to download our free retirement calculator. Click on the red button. Download our free retirement calculator. Explore your savings and investments, and see how to make improvements. If you can become successful with changing your own investment strategy, you may have what it takes to help others become successful as well. |
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Retirement Knowledge Center
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Do You Know the Answers to These Important Retirement Questions?
- Are you retired or thinking about retiring?
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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.
