All Online Calculators Not Created Equal
With all of the online calculators available you'd think it would be easy to figure out how much to save for our later years. But with lots of calculators come lots of different answers, which is why MarketWatch.com recently kicked the keys on several popular retirement calculators. While the article didn't rave about any of them, it seemed to favor AARP's Retirement Planning Calculator .
Matt's View
There are a lot of variables involved in calculating our future financial needs, and a lot of assumptions that need to get made. But studies show that people who at least attempt to calculate their retirement needs save more than those who don't. For that reason alone, it's worth giving one of the online calculators a try. One of the simplest online number crunchers is offered by Fidelity. Go here and search for "myPlan Snapshot." After you run the five-question calculation, if you'd like a more detailed analysis, click on "create a plan."
This article filed in: Retirement
Managing Money by The Book
- "Be joyful in hope, patient in affliction, faithful in prayer." - Romans 12:12
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