Does Your Financial Plan Belong in a Cartoon? by Neal Frankle
... Take that figure, add your social security and other passive retirement pension income to determine what your reasonable income is going to be. Your next step is to Google “retirement planning calculator” so you can find a variety of online free calculators. Input the information you calculated from the two prior steps to determine if you are on track. If not, here are two tips that can help fix your plan: 1.Just because you can tap into your IRA accounts at age 59-1/2 doesn’t mean you ...
The Tax Payer as Gilligan by Kemberly Wardlaw
... The effects of inflation often include redistribution of wealth and income, changes in relative prices, and some saving restrictions for important goals such as retirement. The inflation rate is measured by the Bureau of Labor Statistics (BLS) using the Consumer Price Index (CPI). Today, the inflation rate is about 3.5%. So how long should we expect to live on this low inflation island? This is a difficult question to answer considering it is impossible to calculate inflation going out ...