Learning
Should You Take a Pension or a Lump Sum Payout? The Employee’s Guide to “De-Risking”
Americans are living longer. Life expectancy for a baby born over the last few years is 78.9 years, nearly 20 years longer than a baby born in 1930, according to the Center for Disease Control. But longer lives raise a question: how do Americans pay for all those...
More Americans Are Relying on Social Security, Even as Benefits Shrink
Just how much can you rely on Social Security income in retirement? It’s been a question on more adults’ minds recently, as Baby Boomers increasingly reach retirement age. A question with uncomfortable answers, as it turns out. The last decade has seen shrinking...
When’s Your Financial Independence Day?
Dreaming about your financial independence day could turn out to be more of a nightmare if you're not doing much about it. How many of us imagine going into work and {insert video-dream-effect here}. You sit down at your desk and your boss slithers over...
Will Kim Become a Millionaire? [Calculator Example]
Kim is 40 and wants to have $1 million in 25 years when she turns 65. She plans to invest $10,000 the first year, increase the amount she invests by 5% each following year, and expects her investments to earn 8% per year.
Lifetime Income Worksheet – Future Retirement with COLA Withdrawal
TITLE: LIFETIME INCOME WORKSHEET - FUTURE RETIREMENT WITH COLA WITHDRAWAL PURPOSE: CALCULATING RETIREMENT FUNDING WITH INFLATION ADJUSTMENTS SCOPE: This worksheet focuses on lifetime income calculations from a “goals based” perspective. That is, looking at...
Annual Pension vs. Lump Sum
TITLE: ANNUAL PENSION vs. LUMP SUM WORKSHEET PURPOSE: CHOOSING WHICH IS BEST FOR YOU SCOPE: This worksheet focuses on annual pension versus lump sum calculations taking into consideration the rate of return your investments could earn, your life...