Obviously, deciding how much money you need for retirement is a highly personal calculation. It depends on any number of factors, from your current lifestyle to your general state of health to whether you plan to retire early. That's why this set of five interactive worksheets is designed to let...
Do you know what it takes to work towards a secure retirement? Use this tool to help you create your retirement plan. View your retirement savings balance and your withdrawals for each year until the end of your retirement. Social security is calculated on a sliding scale based on your...
Do you know what it takes to work towards a secure retirement? Use this tool to help you create your retirement plan. View your retirement savings balance and your withdrawals for each year until the end of your retirement. Social security is calculated on a sliding scale based on your...
Use this tool to determine how much monthly income your retirement savings may provide you in your retirement. Your annual savings, expected rate of return and your current age all have an impact on your retirement's monthly income. The full report shows a year-by-year break down of your retirement savings.
This tool compares four investment alternatives to save for your retirement: a deductible Individual Retirement Account IRA, nondeductible IRA, Roth IRA and investing with a taxable account. The tool also considers your age, expected length of retirement and how much you wish to leave for heirs. You enter your estimated...
This template forecasts the growth in value of your 401K plan and to project the monthly income you will receive from the plan upon retirement. It also compares the wealth accumulation in the 401K plan in contrast to the growth of a taxable savings plan. The forecasted monthly income during...
This paper explains the effect on individuals' retirement and consumption choices of a potential reform to the U.S. Social Security system. We first estimate the parameters of a life - cycle model. We assume intratemporally nonseparable preference orderings and the possibility of disability. The specification predicts a change in consumption...
While most people put a significant amount of time, effort and money into creating and nurturing a portfolio that will make retirement possible, few give much thought to how they will tap into their investments once retirement arrives. It's an issue worth considering, because just when one is ready to...
Various factors increasingly suggest that individuals who are trying to plan for a secure retirement face a gathering storm. About 100 participants in the Employee Benefit Research Institute's spring 2005 policy forum examined the different forces at work that threaten economic security in retirement, and heard ERBI researchers and others...
Replacement income ratios, which place financial needs at retirement in context with pre-retirement income, have helped employees understand and target how much money they will need for retirement. Aon Consulting has applied the methodology behind replacement ratios to hundreds of thousands of individuals and found that of the employees in...
The retirement picture could look markedly different for retirees in the future compared to those of today. The reasons include: the rising costs of retiree medical care, the erosion of the traditional pension plans, underutilization of 401k plans and more. These realities will force employees to change their expectations and...
To plan for a successful retirement, you must be familiar with the retirement payment options available to you from the retirement system. You should also consider your financial needs in retirement, your health, your beneficiary's health, the need to provide survivor benefits, life insurance benefits available, income from other sources,...
Despite substantial increases in longevity, the age of retirement in the industrialized countries has steadily fallen throughout most of the 20th century. In most other OECD countries, labor force participation rates for those 65 and above have fallen significantly. The economic cost of low labor market participation, in terms of...
Are your employees saving enough for retirement? Do they know how much to save? Workers who receive employer-provided educational material about retirement planning and saving are more likely than those who do not to have earmarked money for retirement, to have attempted to determine their retirement income needs, and to...
One of the most pressing problems in the U.S. today is the fate of the Social Security system. Many workers are concerned that it will be bankrupt when they reach retirement age. An alternative is for a taxpayer to provide for his own retirement. However, it is difficult to accumulate...
The paper specifies that the funds deposited in the Personal Retirement Accounts come from allocating 2 percent of the 12.4 percent payroll tax instead of being additional funds provided from outside the system. It discusses the effects of the uncertain return on investment based annuities. The paper provides estimates of...
This paper analyzes the relationship between retirement and wealth. Using data from the first four waves of the longitudinal Health and Retirement Study - a cohort of individuals born from 1931 to 1941- reduced-form retirement and wealth equations are estimated. The results show that those who retire earlier do not...
West Fraser (TSX: WFT) announced today that Martti Solin, Executive Vice-President, Finance and Corporate Development and CFO, Gary Townsend, President, Solid Wood Products and Bill LeGrow, Vice-President, Transportation and Energy will retire at the end of 2008. The following organizational changes will be effective January 1, 2009: Gerry Miller, currently...
The Consultant Will Develop a Pension Accounting Model and Train CalSTRS Employees to Use It SACRAMENTO, Calif. -- The California State Teachers' Retirement System CalSTRS today launched a search for a consultant team to research, design and implement a best practice model for pension accounting and to provide...
LOUISVILLE, Ky. -- ResCare (NASDAQ: RSCR), the nation's leading provider of residential, training, therapeutic, educational and support services for people with barriers to employment and special needs, has announced that Vincent F. Doran, President of ResCare's Employment and Training Services Group, is retiring. The Employment and Training Services Group includes...
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