retirement tools
How much do you need for retirement?
Fidelity Retirement Planner – great, interactive tool for determining what you need for retirement. Recommend this to everyone!
Yahoo Finance Retirement Calculator – for all you no frills, spreadsheet lovers
Kiplinger’s Retirement Savings Calculator – probably the most accurate of the three, asking specific questions and making fewer assumptions.
What should your asset allocation be?
Bankrate Asset Allocation Calculator – uses a sliding scale of 7 different variables and recommends an asset allocation. Remember, this is just a recommendation – asset allocation is much more art than science. I still recommend you get advice from an investment professional when making retirement investments.
Impact of Increasing/Decreasing Contributions
Yahoo Finance 401K Calculator – this tool allows you to quickly see what an increase or decrease in contributions can do to your 401K balance. Amazing what a slight increase can do for your future balance!
Mutual Fund/Stock Selector
Morningstar.com – requires a free membership, but the most comprehensive site when evaluating mutual funds and stocks. As mentioned earlier, please get professional advice when selecting mutual funds and stocks.
Retirement is of course inevitable and we should always prepare for our retirement age. We should always get health insurance as we age. ‘“`*
Till next time
http://www.healthmedicinelab.com“>