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Investing/Strategies / Retirement Investing
|Subject: retirment planning calc. results can't be right?||Date: 10/22/1999 2:53 PM|
|Author: jerrykrishart||Number: 14720 of 78166|
I went through the retirement planning "school" and then used the retirement planning calculator. Needless to say, I just don't believe the results, especially when I look at the results after I did a recommended modification.
Any suggestions on what's happening or should I just ignore the Fool in this case?
NOTEPAD copy of what I got follows:>>>>>>
ORIGINAL INPUT YIELDED THIS RESULT:
Your living expenses after retirement will be funded until you are
57 years old. Thereafter, income from Social Security and pensions,
if any, will only cover 39% of your living expenses.
To fund your retirement for 42 year(s) and 0 month(s) and still leave
$0 for others to inherit, you and your spouse will need to:
Decrease your current spending in order to increase your savings to
$-0 per month.
Decrease your spending during retirement by $791 per month -or-
Work for an additional 2 year(s) before retiring. -or-
Work during retirement and earn roughly $1,528 per month for 8 years.
Invest at a higher rate of return. -or-
Shift your investments into tax-deferred investments. -or-
Decrease the amount you wish to o