Retirement Income Calculators: Not Much Better Than Counting On Your Fingers?

Post on July 11, 2016

forbes logo

In this blog, I discuss some of the key problems with online retirement income calculators. Other commentators take on too-high target replacement rates, or too-optimistic assumed rates of return (e.g., the excellent study by Corporate Insight). Here, I focus on effects of Social Security’s projected insolvency, and on issues relating to purchasing annuities and rolling over 401(k) accounts to IRAs.

Click here to read the full article...