Learning to plan your finances at the earliest possible time will greatly help you ace your retirement. Generally, there is no standard way of planning for retirement, but financial tools such as retirement calculators can help you come up with a smart plan. Read on to learn more about the tools that can help you prepare for your retirement.
Ace Your Retirement With These Effective Tools
1. Ultimate Retirement Calculator by Financial Mentor
Financial Mentor has developed this ultimate retirement calculator to help individuals come up with the most efficient forecast of their retirement plans. Like most retirement calculators, it allows a user to figure out savings needs and formulate recommendations.
Modern Retirement Planning Feature. Unlike other retirement calculators, this tool allows you to input multiple post-retirement income possibilities. It lets you generate more accurate forecasts on your retirement options.
2. Retirement Planner by Ameriprise Financial
Ameriprise Financial retirement planner provides a simple, yet detailed tool perfect for creating your dream retirement plan. The tool comes with a helpful guide that explains rates of return prior to and during retirement. This allows you to properly review your current retirement savings and investments and come up with the necessary adjustments.
3. Retirement Planning Tools by Vanguard
When it comes to preparing for your retirement, a calculator surely helps a lot. However, you will also be needing other planning tools like a complete guide about your IRAs or estimates of your distributions. These and more are provided by Vanguard Retirement Planner.
This simple retirement calculator generally helps you compute how much you need to save for your retirement. Other retirement planning tools include:
- IRA Guidelines
- Cost of Cashing Out Your Employer Plan
- Guides on Rolling Over Your Investment
- Retirement Expenses Worksheet
- Minimum Distributions Calculator
4. AARP Retirement Calculator
It becomes much easier to ace your retirement when you have the right tool which can help you tailor a retirement plan based on your present situation and desired lifestyle. The AARP retirement tool can completely help you plan for a better retirement by answering few questions about your household and providing your financial goals.
5. Investor.gov Retirement Estimator
This retirement estimator gives estimates based on your actual Social Security earnings. The most important feature of this tool is that it has an extremely secured interface. Because the estimates are based on current government laws, you get the closest possible Social Security benefit upon reaching retirement.
Planning for your dream retirement certainly does not come easy especially when we are faced with financial difficulties in between planning. Good thing we have these kinds of financial tools to help us foresee what’s ahead of us and manage our future finances when we reach retirement age. Not all tools in this list are created equally but with their help, we are one step closer to a more secure retirement.
Do you have any other thoughts on how to ace your retirement? Share them with us in the comments section below.