September 2, 2016
best Retirement Calculators

Can Retirement Calculators be Trusted?

Welcome to another series of my article on retirement calculators. If you are confused about how much you need to save for your retirement, then relax because you’re not alone. There are so many people out there like you who are also worried about this task. The Retirement Confidence Survey by the Employee Benefit Research Institute 2012 state that less than half of all survey respondents try to calculate how many savings they need to be able to guarantee successful retirement while about 42% of workers guess at this amount.   For employees to accurately determine how much they need to save for retirement, it is highly recommended that they should embrace online retirement calculator for help. I am not just suggesting an online requirement calculator; I have tested and tried different retirement calculators that are free and readily available online for anyone to use and see how it works.   I came up with some results that show the reason why so many people may end up not being able to use the available online retirement calculators. The reason also being that some of these retirement calculators are not user-friendly, some ask for input on assumptions that only actuaries […]