Retirement Calculator Knowledge Base
I am looking for a retirement expense calculator? There are lots of online calculators to project the future value of retirement options, such as, IRAs, 401k's, Social Security, Company pension plans, etc. and/or replacement percent of my current salary, but Is there a calculator that can project everyday living expenses like the cost of heating, (Gas), electricity, groceries, property taxes, telephone, cable TV, insurance, clothes, gasoline? I have access to calculators that estimate what my 'nest egg' will be 5, 10, 15, or 20 years out, but what will it cost to live 5, 10, 15, or 20 years from now? Thank you.
Does anyone know of a retirement calculator that figures in declining cash requirements as we age? Actually, it is possible to have declining cash needs if you are planning to do a great deal of traveling during the first 5 to 10 years then settling back to a more domestic life with possible part time work, extremely self-sufficient children and a paid off/low maintenance house -- the latter 2 of which we are already enjoying. Of course there is always the risk of something catastrophic later in life but, I feel like we're very well prepared for most anything.
Where can I find a good retirement calculator? I'd like one that isn't sponsored by someone trying to sell something.
Can the retirement savings calculator at Yahoo Finance be modified to change the age of receiving Social Sec? For example, the calculator assumes a person would start drawing Social Security benefits at age 62. Can this calculator be modified or updated to show what the benefits would be if the person started taking benefits at age 67 (or any other age over 62)? It would be a more useful Yahoo users tool if this item could be updated.
Whats a seriously detailed retirement calculator? At least what is your favorite one.
pay mortgage early vs retirement savings calculator? Is there a calculator online that will give a graph or chart to a user comparing whether it is better to pay off a mortgage early or to invest in retirement?
Can Anyone suggest an easy to use retirement calculator via the web? Any advice on the Vanguard REIT fund? That is when to hang on and when to get out?
does yahoo have a retirement calculator that includes both fix income from pensions and 401k saving?
Retirement savings calculator? Does anyone know an equation or a website with a calculator to determine savings based on a weekly contribution to an account with a fixed rate of weekly compounding interest. Example: 50 a week into an account with 15% interest over 30 years = ?
retirement planning calculator - the best retirement planning calculator? Where can I find the best retirement planning calculator via online?
When calculating savings/debt, why is gross income used and not after tax income? I've been using those mortgage and savings calculators online and they always say that a monthly rent/mortgage payment should be roughly 30% of your gross monthly income. Why gross income and not after tax income? There is quite a difference between those two numbers, especially if you are self employed or contributing a lot to a retirement fund through an employer. That makes your available cash in savings much less than your gross total earnings. That didn't answer my question.
Money Matters! (investment problems)? In this problem we will consider the financial fortunes of two young professionals, Max and Maria. Max and Maria each begin work at age 22 and will retire at age 65. (a) Maria prudently begins saving for retirement immediately, in- vesting $500 a month every month for her entire working career. If she earns a 7% annual return on her money, how much will she have when she retires? (b) Max waits until he turns 35 to begin saving for retirement. How much money does he need to invest each month (at the same rate of return as Maria) in order to have as much money as Maria when they retire? (c) Is there a moral to this story? (Note: There are all sorts of financial calculators on the internet that will give you the answers to these questions with no thinking involved. Show enough work to show you reasoned through the process yourself and did not let a machine do it for you.)
Personal Finance! PLEASE Help!!!!! 10 points!!? a. most important part of a savings plan b. allows for a more secure future c. keeps you from overspending d. federal programs that provide retirement, disability, and life insurance benefits e. shows you how your savings will grow over a set period of time f. money owed g. designates what should happen to a person's wealth upon his/her death h. first roadblock to savings i. second roadblock to savings j. allows one to save money in a retirement fund before taxes 1. 401K (1 point) 2. Will (1 point) 3. Impatience (1 point) 4. Interest calculator (1 point) 5. Savings (1 point) 6. Debt (1 point) 7. Seasonal spending (1 point) 8. Social Security (1 point) 9. Budget (1 point) 10. Setting a goal for savings (1 point)
My first budget; need to know the average cost of utilities, groceries, etc. in new york city? Hi there, I'm currently in college and I'm going to be getting my first apartment in two years. I'm the type of person who likes to approach everything with a plan so I'm playing around with some financial calculators to find out how much rent I can afford with my expected starting salary. I need to know the average cost of the following things; -Average cost of heat, water, and electricity for 1 person living in a 1 bedroom. Location might make a difference so I'll mention that I'll most likely be living in Brooklyn, possibly Queens. -Internet and cable (I'm guessing $30 each?) -Groceries/eating out -Health insurance. I know it's different for everyone but I have no idea what range it's within. Then again I know health is often included in your salary with white collar jobs... Also, how wise would it be to consider getting renter's insurance? How much does it usually cost? here's a list of things I already know the expected cost of. If there's anything I might have overlooked just let me know. -public transit -credit card -clothes -retirement contributions -savings Also forgot to mention that I have an idea of my expected income taxes
can you help me with math please? LOG OFF My Homepage My Courses Student # 50457691 -------------------------------------------------------------------------------- Examination Number 986034RR CONSUMER MATH, PART 3 -------------------------------------------------------------------------------- When you have completed your exam and reviewed your answers, click Submit Exam. Answers will not be recorded until you hit Submit Exam. If you need to exit before completing the exam, click Cancel Exam. Questions 1 to 20: Select the best answer to each question. 1. Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years? A. $4,788.00 B. $5,472.00 C. $5,928.00 D. $3,800.00 2. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance. A. no-fault B. medical C. collision D. liability 3. On which of the following types of policies is it a certainty that the insurance company will have to make payment? (We have assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.) A. Life insurance B. Medical insurance C. Comprehensive car insurance D. Liability insurance 4. Jane has a checkbook balance of $68.00. She then writes two checks, one for $5.00 and one for $62.50. She also deposits $75.00. She then uses her calculator to determine her new balance. Which of the following is the correct series of keys she should press? A. 6 8 + 7 5 – 5 – 6 2 . 5 0 B. 6 8 + 7 5 – 6 2 5 0 – 5 = C. ON/C 6 8 – 5 – 6 2 . 5 0 + 7 5 = D. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0 5. Marlin Davies buys a truck for $28,000. In three years, the car depreciates 48% in value. How much is the car worth in three years? A. $12,005 B. $27,052 C. $14,000 D. $14,560 6. Which of the following is intended primarily to enhance a person's tax advantage and retirement income? A. IRA B. Money market fund C. Growth fund D. U.S. Savings Bond 7. Which one of the following items is an example of software? A. Mouse B. Word-processing program C. Printer D. Keyboard 8. The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. What is the par value of each share? A. $400 B. $40 C. $50 D. $500 9. The coverage included in an automobile insurance policy that covers property damage is _______ insurance. A. major medical B. term C. liability D. supplemental 10. A share of stock in the Lofty Cheese Company is quoted at 25 1/4. Suppose you hold 30 shares of that stock, which you bought at 20 1/4. If you sell your stock at 25 1/4, which one of the following statements would be true? A. You'll suffer a loss of $150. B. You'll suffer a loss of $15. C. You'll make a profit of $15. D. You'll make a profit of $150. 11. Car insurance that pays for your injuries when you're in an accident in your car is _______. A. comprehensive B. liability C. medical D. collision 12. The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share? A. $40.00 B. $250.00 C. $25.00 D. $400.00 13. All insurance is based on a principle called A. investment premiums. B. cash value coverage. C. division of risk. D. premium earnings. 14. Which of the following best describes term life insurance? A. The insured pays the premium until his or her death. B. The insured can borrow or collect the cash value of the policy. C. The insured pays a premium for a specified number of years. D. The insured is covered during his or her entire lifetime. 15. Which of the following devices imparts ownership in a corporation? A. Stock B. Savings account C. Bond D. U.S. Treasury Bill 16. If you have earned income, which of the following retirement devices must you contribute to, by law? A. Pension plan B. Social security (FICA) C. Vesting plan D. IRA 17. In a health insurance policy, a statement that an applicant won't be covered for a certain pre-existing condition is called a/an A. supplement. B. waiting period. C. major medical coverage. D. exclusion. 18. _______ health insurance coverage pays for at least part of hospital costs and fees. A. Major medical B. PPO C. HMO D. Basic 19. A master plan is devised for A. investments. B. short-term goals. C. long-range goals. D. emergencies. 20. A _______ is invested by managers in a diversity of stocks, bonds, and other securities. A. preferred stock B. promissory note C. series EE bond D. mutual fund If you experience technical difficulty while taking this exam, wait a few minutes and follow the instructions on the FAQ. Copyright & Terms | Privacy Policy
Anyone done one of those retirement calculators? Do you find in impossible to save enough to live above the poverty level when you retire? I put in that I will live till I'm 95. And that I needed $28,000 / year in todays dollars. I even included social security which might not be around in 30 years. Anyone else baffled by the numbers?
Should I make xtra paymts towards my student loan or put it into savings until I can pay it all off? My student loan is ~$26,000 @ 4.125%. I am debt free except for my house, and I have a good start on my retirement fund. I am ready to start making extra payments each month towards my student loan of $500- $1000 each month. My monthly income varies, so I can not commit to an exact dollar amount each month. I also have a savings account that is currently paying 5.20%apy or 5.16% per month. As long as this rate stays at this range, am I better off putting my extra payments into the savings account until I have enough to pay off my student loan? My thinking on this is that the student loan is tax deductible and the savings is paying more than the costs of my loan. I am very strict about not dipping into accounts that are earmarked for other things, but if I did put the money into the savings, it would give me a buffer in case I had a bad month financially with income flow. I am in the 28% tax bracket. Anyone have a calculator that calculates paying off debt vs investing
Where can I find retirement planning calculators? Please suggest me a free version only.? Also I want to calculate life insurance benefits. Please suggest me a best one.
Should I make a lump-sum payment to pay off my mortgage? Ten months ago I sold my house and reaped a significant profit. I bought a smaller home, and I realized that I could pay off the new mortgage (15 yr fixed @ 5%) with one lump-sum pmt from the profit from the old house. Is this wise? My thinking is, I will pay 75K in interest over the 15 yrs, or 30-40K if I prepay and reduce the 15 yr term to 8. Obviously the lump-sum pmt eliminates that debt. I've also always felt that paying interest, just to get 1/3 back at the end of the year as a write-off, was foolish. I've tried a bunch of calculators online, but I get conflicting results. Paying this off will not hurt my retirement plans, but I"m wondering if the money could grow faster if I invest it, and if so, in what. My tax bracket is 35%, monthly mtgg pmt (P&I) is about 1580. and total mtgg amount is $200K. I gross $150K+ per year, and have no other debts (I own my car, and pay all credit card bills in full). Any help would be appreciated, thanks in advance!
Federal Retirement Calculators? Where can I find a good federal retirement calculator?
Pay off house early versus contributing to 401K? I would like to know the pros and cons of putting money into my 401K versus paying off my house early. I am 49 and contribute 15% into a 401K. If I used that money to make double payments on my house, it would be paid off in less than 6 years. At that point, I could contribute from age of 55 until retirement my 15%, 5% catch up contributions and put additional savings in an IRA. Using 401K calculators it appears I would end up with about the same amount of money in my 401K at retirement.
Am I saving enough for retirement? I'm 34 years old and have saved over $80,000 so far in a 401k, IRA, and Roth IRA. I'm putting 20% into my 401k, my employe is matching 4.5%, so that's around $14,000/yr. I'm also putting $4000/yr into a Roth IRA, and $300/mo into my emergency fund which has almost $18,000 (savings). I'm being very aggressive right now, because I feel like I might be behind on my retirement savings, but it's hard to tell. I've used retirement calculators but never know if I can count on them.
can you liberals please explain this to me? Is the Reagan Era Officially Over? Sen. Chuck Schumer has called the recent Democratic takeover of Congress the end of the Reagan era. Friday, December 1, 2006 Star Parker - Scripps Howard News Service Sen. Chuck Schumer has called the recent Democratic takeover of Congress the end of the Reagan era. If we believe a red flag that the Wall Street Journal has run up about a possible Republican capitulation with the new Democratic majority on Social Security reform, our own Republican president might prove Schumer right. The Wall Street Journal, and other sources, now report that the Bush administration is expressing openness to forget the idea of private ownership as the basis for Social Security reform, and to work with Democrats to "save" Social Security as it is with tax increases and benefit cuts. Badly needed reform of our wounded and limping Social Security system has been seriously hampered by what I call the politics of cynicism. These politics are driven by politicians primarily motivated by protecting their own power and interests as opposed to those of their constituents. What's my proof that Social Security reform is driven by this cynical brand of politics? No one could possibly argue that Social Security is a good program today. If we did not have it, and any politician tried to propose it and get it passed, he or she would be laughed out of Washington. Social Security is a unique government program in that every taxpayer can personally evaluate it by asking the simple questions - What am I paying, What am I getting, and Is it worth it? The Heritage Foundation's Social Security calculator tells me, for example, that a 25 year old male earning $31,000 can expect, based on the Social Security benefit he'll receive, almost a negative one percent return on the money he puts in over his working life. If he purchased a diversified portfolio of stocks and bonds over this same period with this same amount of money, this guy could get an annuity five to six times greater than this Social Security benefit. But even a bank CD would produce a monthly payment that could double Social Security. There are other relevant points that anyone who has been following this debate can recite. With a private account this guy owns his money. Under Social Security, he doesn't even have a legal right to the benefit. Which is material because the government is constantly changing the rules. Can you imagine getting a letter from your bank or broker saying they are lowering the return on your investment because they can't afford to pay you what they promised? But, this is what is about to happen, again, with Social Security. Not only are the returns to taxpayers negative, but they are guaranteed, beyond any question, to get worse. The system is bankrupt and can only continue in its current form through some combination of tax increases and benefit cuts. Which will drive what individuals get for what they put in even further south. Why, then, does there seem to be a political consensus to save this monstrosity? Politicians will tell you it's because the American people want it. The polls say so. And indeed they do. But the fact is taxpayers support this status quo out of fear and not knowledge. Certainly, no sane individual would buy a program that has the personal investment economics that I just described. When President Bush proposed changing the program to one of ownership and private accounts, the Democratic Party launched major league into the politics of cynicism. The message that working Americans heard was that they would be kicked off a government program guaranteeing them a payment at retirement in exchange for taking their money and investing it in the stock market. Is it any wonder that many dived for cover? I call this the politics of cynicism because there is not a single Democratic senator or congressman who would purchase an insurance policy with the type of legal and economic realities of Social Security. Shut the door and one by one they know the truth. The Democrats' campaign to "save Social Security" has really been a campaign to save their own butts. To have endorsed the president's reform would have been an endorsement of a fundamental move away from welfare state politics that has been the bread and butter of the Democratic Party. Now, playing on fears and not the real interests of working Americans, and the inability of Republicans to stick to and sell their message, the Democrats have won. The real victims are the low and middle income Americans whose hard earned money is being sucked into this black hole that will only get deeper and blacker. This is happening while Democrats bewail wage and wealth stagnation at the lower end of our income spectrum. Is a Republican White House, for fear that it will look like it did nothing on Social Security, about to join Democrats in the ranks of the politics of cynicism? The Reagan era is still alive for this writer. Let's hope it's still alive in the Bush White House. Photo Copyright Getty Images Copyright Scripps Howard News Service 2006 you want Bush to "work" with you but you pick the things you your self think is stupid and nobody would do. you just want to make sure the service state stays in tact is how I read it but Im a stupid conservative. obviously not one of you read this....
Where can I get a real Personal Financial Planning Software? All the Personal Financail Planning software I found just like Personal Accounting or just a Retirement Calculator. Where can I find a real Personal Financial Planning software which covered everything included my clear dept planning, risk protection, education and retirement planning?
Does it really pay off in the end to retire from the Army? I used one of those online calculators and just for fun i plugged in that i served 20 yrs E-8 when i retire and my year of retirement is 2029(i know its a long ways off) It said it would be making 4000+ a month, when i retire from those credientals is that true? does it pay off to serve 20 years
Husband just diagnosed with Rheumatoid at age 62. Was not planning on retiring until 65, but? but if he takes normal retirement, he gets about $1000. If he was to get disability, does anyone know how much more that would be. I looked on the SS gov site, but there is no disability calculators.
Help on a compound interest question? Here's the question: You made a registered retirement savings plan deposit of $1000 on December 1, 2008 at a fixed rate of 5.5% compounded monthly. If you withdraw the deposit on August 1, 2015, how much will you receive? Can someone give me step-by-step instructions on how I solve this with a business calculator (BA II Plus)? Thanks in advance.
If you require a 9 percent return on your investments, which would you prefer? ? If you require a 9 percent return on your investments, which would you prefer? A.) $5,000 today B.) $15,000 five years from now C.) $1,000 per year for 15 yrs 2. The Mutual Assurance and Life Company is offering an insurance policy under either of the following two terms: A. Make a series of 12 payments of $1,200 at the beginning of each of the next 12 years (the first payment being made today) B. Make a single lump-sum payment today of $10,000 and receive coverage for the next 12 years If you had investment opportunities offering an 8 % annual return, which alternative would you prefer? 3. You decide to purchase a building for $30,000 by paying $5,000 down and assuming a mortgage of $25k. The bank offers you a 15-year mortgage requiring annual end-of-year payments of $3188 each. The bank also requires you to pay a 3percent loan origination fee, which will reduce the effective amount the bank lends to you. Compute the annual percentage rate of interest on this loan? 4. Construct a loan amortization schedule for a 3-year, 11 percent loan of $30k. The loan requires three equal, end-of-year payments. 5. ira investments develops retirement programs for individuals. you are 30 years old and plan to retire on your 60th birthday. You want to establish a plan with IRA that will require a series of equal, annual, end-of-year deposits into the retirement acct. The first deposit will be made 1 year from today on your 31st birthday. The final payment on the acct will be made on your 60th birthday. The retirement plan will allow you to withdraw $120k per year for 15 years with the first withdrawal on your 61st birthday. Also at the end of the 15 year you wish to withdraw an additional $250k. The retirement account promise to earn 12% annually. What periodic payments must be made into the account to achieve your retirement objective? 6. Crab State Bank has offered you a $1,000,000 5-year loan at an interest rate of 11.25 percent, requiring equal annual end-of-year payments that include both principle and interest on the unpaid balance. Develop an amortization schedule for this loan. 7. using an online mortgage calculator (see http://moyer.swlearning.com) solve for the monthly savings and the number of months it takes to recoup the refinancing costs in problem 34. Hint under the question “what will it cost you?” enter 2850 for “Other” and 0 for all other items Problem 34 (the Humphreys have 20 years remaining on their home mortgage loan. the loan balance is $125,000. the interest rate on the loan is 6.25 percent per year and their current monthly payment is $913.66. The Humphreys have been wondering if they should consider refinancing their mortgage loan as interest rates have fallen. After calling some banks Mrs. Humphreys found that she could get a loan for $125, 000mwith a maturity of 20 years at a rate if 5.1 percent per year. The refinancing will require that the Humphreys pay closing costs of $2,850. If the monthly savings in payments can be invested at 6 percent per year, would you recommend that the Humphreys refinance their home? Assume monthly compounding in solving this problem) 8. Use an online savings or retirement calculator (see http://moyer.swlearning.com) to solve the following problem: You are now 30 years old and would like to accumulate $2,000,000 in your retirement account at the age of 65. You currently have $50,000 saved in the retirement account. How much must you set aside at the end of each year over the next 35 years to attain your retirement goal if the account earns 6.5 percent per year? How much would you have to set aside each year if you currently have a zero balance in the retirement account? 9. Using one of the mortgage loan calculators available on the internet (see http://moyer.swlearning.com do a loan amortization for a $150,000, 30-year mortgage loan at a rate of 5 percent and answer the following questions? a.How much is the monthly payment? b.How much of the first payment (i.e., year 1, month 1) goes towards the interest? How much towards principal reduction? c.How much of the 180 payment (i.e., year 15, month 12) goes towards interest? How much towards principal reduction? d.What is the remaining balance on the loan at the end of the fifth year?
How much should we be saving for retirement? My husband only works, I am a stay at home mother of four children ( I worked for 8 years as a lab manager before having children). How much should we be saving for retirement? He is 35 years old, I am 36 years old. We currently max out his 401K at 15% of his pre-tax salary. We also save 10% post tax into an annuity type account (life insurance also). When I use retirement calculators, they usually say we should be saving only 5% of our pre-tax income actually since we started at age 26 or so, but I believe that this is only for 1 person, and we are actually saving for both of us. The Yahoo retirement calculator says we should have $2,000,000 in all based on 8% return. Should this be $4,000,000 instead for 2? We have no debt except for a $70,000 mortgage with 9 years left. None of our friends or family save as much as we do, but are we really going overboard here with savings? Or is it better to save as much as we can now and ease up later when our children are in college? I guess I actually have two questions: With the retirerement calculators, they ask if you are married and if your spouse has any income, but are the totals for one person or two? Also, is a total savings rate of 25% totally off the mark (too much)? My husband thinks we are saving too much, I am very conservative! Thanks so far for all the answers. With all of our savings as is, and 4 young children with 1 income only, we really have no "disposable"spending money. Is cutting back to 10% for his 401K a good idea? Would our retirement still be "on course" for both of us? We never eat out, have not gone on vacation since we were married 10 years ago, his car is 9 years old and we would need to buy a new one soon, etc. He thinks we need to enjoy our lives now a bit more. We do also fund an HSA with about 4% pretax also each month! But we have no separate college savings plan yet. I thought that 529 plans only had state tax benefits, not federal currently?
Help with human resources HW? after calculating my retirement in the 401k calculator i came up with $4,333,053 after 43 years. will this be enough to live off of? why?
Retirees: How much money have you given yourself to live off of, and are you satisfied? I know there are a million online calculators for this stuff but I'd like real-person opinions. If you are retired - what age did you retire at, how much annual income did you allocate, and what level of "luxury" or lack there of has it given you? Just curious how my retirement plan compares to reality....
Is the salary high enough to take this new job? I have two good job offers on the table right now and am having a hard time deciding which to take. Job one has good benefits and a company vehicle. It is 40 miles from my home. Job two has more benefits, no company vehicle and is 60 miles from my home. This job pays $18,000 more. The most important benefits (health and retirement) are similar. How much is the vehicle really worth? I expected a higher salary from job two because it is Westchester County, NY. If I look at a salary calculator between the two jobs, job two looks low. Does that matter since I am not leaving my home and will live here no matter which job I take?
Why is there a big difference between salary from this state? okay I went to those cost of living calculators and it said like 130000is comparable to 50000 in cali....and that your monthly payments would be higher...I understand that but if ur salary is 130000 in california why would it be like 50000 in another state in the u.s? and ppl say 130000 is not enough to buy a house?!? how is that possible? okay ur mortgage would be like what 3000/month which equales to about 36K/year....after taxes the 130K would turn to about 105,000 I want to say...but cmon 36K-100K= alot of money left ! and I know there's bills, food but u'd still! have alot of money left! the way I see it the cost of living in cali is more but i think 130000k/year is well enough to be able to pay your mortgage even if it's in cali...u can buy a house around 700000 -8 with that! ....I think u just wouldnt have alot of money left for retirement thats all!
How do I enter my 1099-R into 2012 Tax Calculator? I am still waiting on my 1099-R but I can access the amounts that were deducted from my check on my retirement website. Do I use the amount I actually received or the total amount before they took anything out? Then where do I put the money they took? Is that a witholding amount?
Taking retirement money? I have used retirement calculators, with success. Has anyone heard of the "rule of three"? I worked for a company that had an ESOP program. Without penalty you could withdraw money in the fourth year, but only the first years money, etc. Does anyone think thats a good strategic move in a retirement program If the person can do it?
Another social security question!? I am 56. I would like to work to age 70. The social security calculator and my ING retirement calculator say I will have a combined annual income of $50,000 per year, at age 70. Sounds like a LOT now, but years later, will $50,000 be worth enough? Only bills I will have will be food, property taxes, etc. No mortgage, etc. Normal daily life stuff. No expensive hobbies. What do you all think?
Is ther a simple on-line calculator to figure out if going back to school is worthwhile? I am not sure about going back to school. I already get paid well. I need to know if it would be worth it to back to school. I would loose income, pay for school, loose income on money I could've saved in retirement funds, etc.
How long should I study for the Series 66 and any tips? I just passed the series 7 a few hours ago with over 90% and I want to get the 66 as soon as possible. Right now I'm looking at which books to buy and I should buy them sometime this weekend. Which books are good? I also looked at the outline and I know TVM and how securities and retirement plans work, but the second half of the test looks more difficult. Are there certain approved calculators for the exam? I'm a little scared because there are only 100 questions, so I'm afraid I'll got a lot from a topic I don't know well. I just ordered the STC book, so I just need advice on how long I should study.
How much will I get back in taxes or will I have to pay? I am curious to know what an approx. refund will be. I claim zero dependants my total income before taxes last year was $31,564.19. I had some pre-tax dedcutions including retirement and health care. Federal taxes taken out where $3,122.95 and state deductions where $1,491.10. I do have seperate money in IRAs and money markets so I am not sure how that will play in. When I use an online calculator it says I owe, I have also put in my info from last year and it said I owed money. However last year I got a refund. So just curious if you have any idea.
Why did Retirement pension tax With-holding change? I do not work so I do not have earned income as defined by IRS. I am concerned that because they are taking out less money from each pension check that I will have to pay a penalty at the end o the year. I tried to use the Tax calculator but that also forces you to say that you worked at least one job. So it is no help to me at all. Can you help?
When calculating annual income for retirement do you use annual income before taxes or after taxes.? I notice that many online calculators don’t specify(before or after taxes) and I don’t know how that affects the formula.
In order to obtain $500,000 in retirement, how much do I need to save every year for 30 years at 6% interest? How can you do this on a financial calculator - n i pv pmt fv?
What are the best free retirement calculators out there? I have an autistic child who will need lifelong care I'm 52 and have saved enough to "probably" retire comfortably next year. This doesn't even include my real estate which is currently in the toilet - and has high carrying costs - which I can absorb for another 18-36 months, if need be, till the real estate market improves and get a better price. Problem is, I have a mentally handicapped child that will need lifelong financial assistance after I'm gone, so I have to plan for the money lasting at least 50+ years. Anyone have any suggestions or experience with this. No, I cannot work another 5 or more years - I can barely get around in excruciating pain as a result of severe injuries a few years back and no, I'm not on disability. I worked my butt off before having kids and saved like hell, hoping for a globetrotting retiree lifestyle and hike across the world. Unfortunately, God had other plans for me as I approached what I thought was financial independence as I can barely get around the block anymore. Any words of wisdom? Thanks
how do i know how long my retirement funds will last? there are various ways in which one can find out about how and when to withdraw money once you retire.for example there is the monte carlo probability method .or maybe if you went to a mutual fund site like franklin templeton it will show by how much your money will grow over a certain period of time and then calculate how long it will last after taking inflation into account.or maybe if you went to a financial magazine or even dinkytown calculator you would get an answer.but the problem is none of them are good enough to satisfy one'doubts since they seem to be giving different answers .moreover their starting assumptions are different making the whole issue confusing.could somebody give an answer which can satisfy the most inquisitive mind? hey guys i am from india i dont know athing about 401k or anything about the way you guys in the us plan out your retirement.i am sorry i gave the impression that iwas an american. so figure out something more general which would suit any person in the world. by the way i am 57
how do I calculate Future Value of an investment ? Assumptions Beginning Year2008 Current Age in Years18 Retirement Age in Years65 Savings Interest Rate (%/Year)10.00% Beginning Savings$5,000.00 Savings per Month$40.00 Please help me with this... I need to put this into excel FV calculator.. it asks for interest rate, NPR and PMT
$1000 USD a year for 30 years. the account earns 13%compounded annually. how much at 30 years? jim puts %1000 a year at the end of each year into a retirement account for the next 30 years. the account earns 13% interest compounded annually. how much monies will jim have in 30 years? can you do this without a calculator?: ) of course inteligent answers and detailed solutions flip ma wig so go for it.
Homeschool, homework HELP in comsumer math pt.3 from penn foster? 1. If you have earned income, which of the following retirement devices must you contribute to, by law? A. Pension plan B. IRA C. Social security (FICA) D. Vesting plan 2. Car insurance that pays for your injuries when you're in an accident in your car is _______. A. comprehensive B. liability C. medical D. collision 3. Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years? 5. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray's total cost? A. $10,938.00 B. $11,541.28 C. $11,547.00 D. $11,591.28 8. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true? A. You made a profit of $75.00. B. You suffered a loss of $75.00. C. You made a profit of $705.00. D. You suffered a loss of $630.00. 9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car? A. Shop around for a car loan. B. Obtain car insurance. C. Study the car market. D. Test-drive the car. 13. The major difference between a calculator and a computer, when performing calculations, is that a A. calculator is faster but needs more human assistance. B. calculator is slower and needs more human assistance. C. computer is faster but needs more human assistance. D. computer is slower but needs less human assistance. 15. Which of the following best describes term life insurance? A. The insured is covered during his or her entire lifetime. B. The insured pays the premium until his or her death. C. The insured pays a premium for a specified number of years. D. The insured can borrow or collect the cash value of the policy. 19. A master plan is devised for A. emergencies. B. investments. C. short-term goals. D. long-range goals. 20. A _______ is invested by managers in a diversity of stocks, bonds, and other securities. A. series EE bond B. promissory note C. preferred stock D. mutual fund A. $3,800.00 B. $4,788.00 C. $5,472.00 D. $5,928.00
this is a problem regarding present value of annuity.? Justin has been contributing to a retirement fund for several years. If Justin wants to be able to receive $1000.00 a month for 10 years, what sum would have to be invested in the account. Assume an APR of 6%. I used the present Value formula but I come out with an unrealistic answer. I believe this problem must be done on a Graphing Calculator in which u can calculate the Present/Future Value of an annuity. You must use these symbols: N=(total # of payments,if unknown enter 0) I%= (APR, for 15% enter 15, for 1.2% enter 1.2, for .05% enter .05, if unknown enter 0) PV= (Present Value,type in amount) PMT= (Payment amount, enter as a negative value to show cash flow out.) FV=(Future Value, type in amount) P/Y= ( # of payments per year, if unknown enter 0) C/Y= (# of time interest is compounded per year, should be the same as P/Y) Thats the problem and the info needed to be plugged into the Graphing calculator. Can u guys post the work and the numbers used for the symbols. Thx
Question about future value of an annuity? You have a 40 year old client, who wants to start saving for retirement, with her first payment coming one year from now. She can save $5,000 per year, and expect an average return of 9% in the future. A.) How much money will she have at 65? B.) How much money will she have at 70? C.) If she expects to live for 20 years in retirement if she retires at 65 and for 15 years at 70, and her investment continues to earn the same rate, how much could she withdraw at the end of each year after retirement at each retirement age? 3.)A.) For this problem, I plugged in the following values into the financial calculator application: N = 25, I = 9%, PV = 0, PMT = -5,000. The variable to be solved in this case is the future value. The answer I got was $423,504.48. B.) For this problem, the only value I switched was N = 25, to N = 30. The answer I got was $681,537.69. C.) At 65 years old, the client could withdraw $46,393.42 each year during retirement, for 20 years. I arrived at my answer by inputting the following values into the financial calculator application: N = 20, PV = -423,504.48, I = 9%, and FV = 0. The value to be solved for is the payment, or the withdrawals she would be able to make at the end of each year. At 70 years old, the client could withdraw $84,550.80 for 15 years. I arrived at my answer by inputting the following values into the financial calculator application: N = 15, I = 9%, PV = -681,537.69 and FV = 0. And again, the value to be solved for is the payment, or the withdrawals she would be able to make at the end of the year. ^ Those are the answers I got. Can anyone just check them over and make sure I did the problem correctly? Thanks.
May I please get some educated help? If you have earned income, which of the following retirement devices must you contribute to, by law? A. Pension plan B. IRA C. Social security (FICA) D. Vesting plan 2. Car insurance that pays for your injuries when you're in an accident in your car is _______. A. comprehensive B. liability C. medical D. collision 3. Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years? A. $3,800.00 B. $4,788.00 C. $5,472.00 D. $5,928.00 4. Which of the following devices imparts ownership in a corporation? A. Stock B. Bond C. Savings account D. U.S. Treasury Bill 5. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray's total cost? A. $10,938.00 B. $11,541.28 C. $11,547.00 D. $11,591.28 6. The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share? A. $25.00 B. $40.00 C. $400.00 D. $250.00 7. Which of the following is intended primarily to enhance a person's tax advantage and retirement income? A. U.S. Savings Bond B. Growth fund C. Money market fund D. IRA 8. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true? A. You made a profit of $75.00. B. You suffered a loss of $75.00. C. You made a profit of $705.00. D. You suffered a loss of $630.00. 9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car? A. Shop around for a car loan. B. Obtain car insurance. C. Study the car market. D. Test-drive the car. 10. Jane has a checkbook balance of $68.00. She then writes two checks, one for $5.00 and one for $62.50. She also deposits $75.00. She then uses her calculator to determine her new balance. Which of the following is the correct series of keys she should press? A. 6 8 + 7 5 - 5 - 6 2 . 5 0 B. ON/C 6 8 - 5 - 6 2 . 5 0 + 7 5 = C. 6 8 + 7 5 - 6 2 5 0 - 5 = D. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0 11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance. A. liability B. collision C. no-fault D. medical 12. On which of the following types of policies is it a certainty that the insurance company will have to make payment? (We have assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.) A. Life insurance B. Comprehensive car insurance C. Medical insurance D. Liability insurance 13. The major difference between a calculator and a computer, when performing calculations, is that a A. calculator is faster but needs more human assistance. B. calculator is slower and needs more human assistance. C. computer is faster but needs more human assistance. D. computer is slower but needs less human assistance. 14. Your _______ should furnish enough money to live on, in an emergency, for six months. A. investments B. savings C. interest D. IRA 15. Which of the following best describes term life insurance? A. The insured is covered during his or her entire lifetime. B. The insured pays the premium until his or her death. C. The insured pays a premium for a specified number of years. D. The insured can borrow or collect the cash value of the policy. 16. All insurance is based on a principle called A. premium earnings. B. investment premiums. C. division of risk. D. cash value coverage. 17. In a health insurance policy, a statement that an applicant won't be covered for a certain pre-existing condition is called a/an A. exclusion. B. supplement. C. waiting period. D. major medical coverage. 18. The coverage included in an automobile insurance policy that covers property damage is _______ insurance. A. supplemental B. liability C. major medical D. term 19. A master plan is devised for A. emergencies. B. investments. C. short-term goals. D. long-range goals. 20. A _______ is invested by managers in a diversity of stocks, bonds, and other securities. A. series EE bond B. promissory note C. preferred stock D. mutual fund
I need help with my work so can someone please answer the following questions so i may compair.? 5. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray's total cost? A. $10,938.00 B. $11,541.28 C. $11,547.00 D. $11,591.28 6. The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share? A. $25.00 B. $40.00 C. $400.00 D. $250.00 7. Which of the following is intended primarily to enhance a person's tax advantage and retirement income? A. U.S. Savings Bond B. Growth fund C. Money market fund D. IRA 8. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true? A. You made a profit of $75.00. B. You suffered a loss of $75.00. C. You made a profit of $705.00. D. You suffered a loss of $630.00. 9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car? A. Shop around for a car loan. B. Obtain car insurance. C. Study the car market. D. Test-drive the car. 10. Jane has a checkbook balance of $68.00. She then writes two checks, one for $5.00 and one for $62.50. She also deposits $75.00. She then uses her calculator to determine her new balance. Which of the following is the correct series of keys she should press? A. 6 8 + 7 5 - 5 - 6 2 . 5 0 B. ON/C 6 8 - 5 - 6 2 . 5 0 + 7 5 = C. 6 8 + 7 5 - 6 2 5 0 - 5 = D. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0 11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance. A. liability B. collision C. no-fault D. medical 12. On which of the following types of policies is it a certainty that the insurance company will have to make payment? (We have assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.) A. Life insurance B. Comprehensive car insurance C. Medical insurance D. Liability insurance 13. The major difference between a calculator and a computer, when performing calculations, is that a A. calculator is faster but needs more human assistance. B. calculator is slower and needs more human assistance. C. computer is faster but needs more human assistance. D. computer is slower but needs less human assistance. 14. Your _______ should furnish enough money to live on, in an emergency, for six months. A. investments B. savings C. interest D. IRA 15. Which of the following best describes term life insurance? A. The insured is covered during his or her entire lifetime. B. The insured pays the premium until his or her death. C. The insured pays a premium for a specified number of years. D. The insured can borrow or collect the cash value of the policy. 16. All insurance is based on a principle called A. premium earnings. B. investment premiums. C. division of risk. D. cash value coverage. 17. In a health insurance policy, a statement that an applicant won't be covered for a certain pre-existing condition is called a/an A. exclusion. B. supplement. C. waiting period. D. major medical coverage. 18. The coverage included in an automobile insurance policy that covers property damage is _______ insurance. A. supplemental B. liability C. major medical D. term 19. A master plan is devised for A. emergencies. B. investments. C. short-term goals. D. long-range goals. 20. A _______ is invested by managers in a diversity of stocks, bonds, and other securities. A. series EE bond B. promissory note C. preferred stock D. mutual fund
Tax Questions, Including What could I expect for a tax return (Canada)? My status is as follows: Total income nearing December 2008, is rounded off to: $10,050 (That's Both jobs combined, mind you - I work two). My medical expenses, (Dental fees and Brace payments) after union reimbursement is about 1,2-$1,300 (Deductions combined from both jobs, excluding unions dues) EI: $300.00 deducted CPP: $360 Deducted Union Dues: $630.00 Deducted Income Tax(1): $610.00 FED Tax: $515.00 Donations: $30.00 Other Medical Expenses: $140.00 And addition of Canada's Work Taxing credit. Question 2-3. I also tried the TaxTip Calculator ( http://www.taxtips.ca/calculators/taxcalculator.htm ) but had trouble filling and figuring it out, as this is only my third year filing, I used H&R previous times, and haven't any tax experience. I earned just under $8,500 last year, claimed $1,200 in medical expenses and recieved just over $800.00 in my return, can I expect to attain the same with my status - if not more??) Question 4. I also would like to ask, on the taxtip Calculator, where is the option for Federal tax, and Income tax - are they the same thing? I notice on one of my paystubs it says Income tax, the other Federal tax..Different things? CPP is that all around the same thing - a form of retirement? Do they mean CPP in a general, as a whole - is CPP just the same deductions off all paychecks. For Gst, if you say 'Yes' and get the quarterly installments (I chose yes) what if you choose no? does it matter, will it benefit your return on the next years filing? Or do you get nothing, and choose it if eligable? I am sorry I have so many questions, I am a novice in the extreme and would REALLY appreciate feedback on any of my many questions stated. Thank you for your time, :)
1) 19 is 95% of what? 2) The ratio of the length of a side of one square is 3:4. A side off the smallest square is 9 cm. Find the length of a side of the larger square. 3) You invest $500 for three years and receive $60 in simple interest. What is the annual interest rate? Use the formula for simple interest l=p*r*t, where l is the interest, p is the principal, r is the annual interest rate and t is the time in years. 3) Suppose a person contributes 6% of her salary to her retirement account. She works 20 hours per at $6.50 per hour. Find her weekly contribution. Calculate the percent of change If necessary round to the nearest tenth. 4) $4.50/h to $5/h 5) 60 km/h to 45 km/h 6) 150 lb to 135 lb 7) $18 to $24 8) A random survey of 60 students showed that 36 students use calculators for computation. What is the probability that a student chosen at random used a calculator for computation? 9) A softball player made a hit 34 times in the last 170 times at bat. Find the probability that the softball player would get a hit the next time at bat. 10) 14 cent/oz = $_ /lb 11) 7 gal/wk = _ qt/h 12) 35 mi/h = _ft/min 13) 120 ft/day = _ in./min 3) You invest $500 for three ye
To Democrats out there that think SS is a great policy? I was just for the fun of it on the internet wondering what my SS retirement would look like if I manage and controlled it I input 40dollars a week compounded @7% for 40 years the total was close to a million dollars if I was making 10% on my million dollars that means I could withdraw $8300 a month without touching the principle and leave the rest to my heirs when I die. Now I went to the SS calculators did 50,000 final salary at retirement age after 40 years left me with about $1700 a month and if I drop dead the following week the government keeps my money if this is not an example of the biggest rip off of the middle class in the history of man I don't know what is ? I would love to get some rational feedback.all my life I keep hearing how democrats are for the little guy.
Am I really going to live till 102 years? I mean, you read this articles about retirement, and how you are supposed to spend nothing, but stash everything away. Well, following them, you must eat potatoes and drink tap water. Followed for three months, then went out, bought a piece of cheese and some apples. Felt very bad afterwards. Then found an age expectancy calculator there (msn money), and according to it I am going to live 102 years!! What, more 70 years of potatoes and tap water? What did I do, why did they make me to undergo it? It's so unfair; and the people who enjoy themselves will live short and do not even need to stash for 102 ages! Why is that virtue always got punished? It actually said "maximum life expectancy of 102 years or more"!!! more! More of potatoes to save for "retirement"!
Rare Coin Investing? I saw a book on Amazon.com about investing in rare coins for an early retirement. I won't mention the title, because I think it's against this site's Community Guidelines for me to ask whether or not you would recommend a product by name. But basically the book claims to teach you how, by investing about $210 a month in rare coins, you could make enough to retire in about a dozen years. It's not an easy task, because apparently it takes a lot of research to find a coin that will give you a good return on your investment. The book was published in 1998. I used AIER.org's Cost-of-Living Calculator to figure out that $210 in 1998 is worth about $265 today. Well, I don't know much about rare coin collecting and investing. Would you be able to tell me if rare coin investing could really enable you to retire in about a dozen years? Many thanks, C.L.
Invested in Vangd Target ret. fund - .19% fee; bank wants to move it to his - ann. acct fee of 1.35% compare? I rolled my 401(k) over into a Vanguard Targeted Retirement Fund...it's not doing real well! My banker wants me to move it into an actively traded account with him, I have the "proposal" with some 14 different funds he proposes to invest it in. He is charging me a "preferred customer" expense ratio of 1.35% annually, against the 0.19% annual fee at Vanguard, claiming he'll earn enough to offset the fees. I'm dubious. I can't find a good calculator to try to compare the proposals. I don't really know what I'm doing, but the "rule of thumb" that I see is actively traded funds with higher expense fees are not preferred, and the Vanguard funds seem to be pretty well regarded. Help!
What impact does leaving a good paying full time job for a part time job have on your SS Benefits.? I have been working full time for 20 years. My plan is to leave my job 2011 and work locally part time there after. Using the SS calculator at the SS Gov website shows my benefits to be pretty good at my current expected level of income even if I stop working 2011. But if my income in my new job is half that amount for the last 15 years before retirement would my SS benefit calulation be based on the new lower income amount? I would like to think I can return to the work force after my first career. Thanks.
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