Retirement Calculator: Why This Free Retirement Calculator is the Best
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- Опубліковано 10 вер 2024
- The Best Free Retirement Calculator
►Why you must avoid the retirement calculators on the mutual fund websites
►See Why a Monte Carlo Retirement Calculator is Best
►Here's our tutorial on using a free Montel Carlo Retirement Calculator
►Why sequence of returns is important
►How the retirement calculator accounts for varying rates of inflation
►How to select the right "history" for your retirement calculator forecasts
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No video on our channel Retirement Crusaders is intended to be investment or retirement advice. These videos are for general educational purposes and not meant to advise you on your individual circumstances. Please consult a professional.
By using a better retirement calculator, it will force you to think about aspects of retirement that you have not considered. And using the calculator under a few different assumptions will give you a very rich look at your retirement future.
I have used this before and like it, but I'm not sure it puts enough emphasizes on taxes. I guess that can be estimated by raising the withdrawal rates to gross, but it's unclear how it is treating taxes. Didn't make any difference whether I used pre-tax or after-tax.
Looks really good. All I need now is for them to come out with a British version.
Do you know what US stock class I should enter?
I have large holdings in a private held company.
Historically 20 plus years return 10%
Thanks for the proper stock to enter.
Great vid! Thank you for the realistic walk through
Looks like a very useful tool 😊
Withdrawal rate is determined by the RMD tables
it's good to know about the fact that the result was based on 5000 sample of similar data. How can we verify that though?
Very helpful
The government's calculator is awesome.
How about a name, or a link?
The link to your free booklets isn’t working. Are they still available?
the link seems to work fine (you may nee to copy and paste into your address bar)
www.retirementcrusaders.com/retirementbooklets
Show monte carlo results from 2019 that gave any read on a pandemic. If history of performance is no predictor of future results, then monte carlo models a just eye candy a CFP and software used to dazzle, but hardly worth the time.
Monte carlo does not purport to predict all possibilities, such as pandemics. However, it does illuminate how a series of good and bad years randomly occurring might shake things out given your input investments, and that's a whole lot closer to reality than what one might achieve using a fixed constant market growth assumption. That's all it does, and it is a benefit to have such a tool.
The Monte Carlo simulation includes the pandemic years. You can also view those specific years by back testing from then.
Because of various factors, the stock market still made money in 2020 after a very brief bear market.
The Monte Carlo simulator is an outstanding tool for planning retirement.