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About Retirement Calculator, Inc.

CBS The Early Show

Watch the video clip

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• Analysis of the Economics of Early Social Security Withdrawal

• FREE Retirement Calculator recommended by Ray Martin on the CBS Early Show - Watch the video clip
• FREE Retirement EBook written by Bill Losey, America’s Retirement Strategist
• FREE Retirement Intelligence Information Services Newsletter
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• FREE Consultation with a certified financial advisor in your area

Generate Income for Boomer s

Generate Income for Boomers: Is There an Easy How to Guide?

Wouldn't it be great if there were a simple guide available - a guide like "Generate Income for Boomers" - that would help you (regardless of how quickly retirement has snuck up on you) to save and invest and create the income that you are going to need to have available to you once you no longer have a regular paycheck coming in? Now that's not to say that there is generate income for boomers guide available; however, there is good news. When it comes to generating income for boomers, there are options and it is possible.

To generate income for boomers, each individual needs to be willing to take a closer look at his or her own income and savings. If you have been spending more than you have saved, in order to generate income you will need to turn that around. Not only that, but you will have to look into investing as much as, if not more than, in saving your money, and you may find that you need to push the limits of the risk that you are willing to take in order to generate the income that you will need to retire.

However, there are tools available - tools like the free retirement calculator that you can download on this page - that will help you to minimize the risks associated with investing. Simply put, when you download the retirement calculator, you will be able to look at the savings that you have and whether or not your accounts are helping you to generate income. Likewise, you will be able to enter specific information about the investments that you do have (as well as about those that you are considering) to determine whether or not you have invested in stocks and mutual funds that will help to generate income for boomers.

Because there are going to be questions that come up for you, when you download the retirement calculator your contact information will be forwarded to a financial planner who will follow up with you with a phone call; you won't have to seek out a financial advisor, one who has experience with generating income for boomers will know how to reach you. Together, you will be able to talk about the savings and investments that you have as well as about how much income you need to generate in order to retire comfortably.

You will be able to talk about savings accounts that have a higher interest yield - which can help you to generate income. You will be able to discuss stocks, mutual funds and how much of a risk you are willing to take. You can ask questions and get answers. You will get advice and before you act on it, you will be able to check it out with the retirement calculator.

It's this combination of things - a commitment to increasing your income, understanding your savings and investments and a financial advisor - that helps to generate income for boomers. Why not put it to work for you today?

Find a Qualified Financial Planner in Your Area

Do You Know the Answers to These Important Retirement Questions?

• Are you retired or thinking about retiring?
• Do you have enough money to comfortably live throughout your retirement years?
• Would you like FREE face to face advice or retirement consulting from a trusted local financial advisor?
• Are you looking for help to achieve your long-term financial goals?
• Would you like to learn more about Annuities, 401's, Life Insurance and Long Term Care?

Would you like to retire, but aren't sure you can?

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Everyone who has thought about retirement has asked themselves these and other questions. Now you can get ALL the answers in Retire in a Weekend! This short, simple, humorous, easy-to-understand book answers the 10 most popular questions and addresses the 5 biggest concerns people have about retiring! So stop asking yourself IF you can retire ... with Retire in a Weekend! you'll learn HOW to actually do it.

For a limited time, purchase Retire In a Weekend for $29.95 and receive a free download of Retirement Calculator Premium.

Analysis of the Economics of Early Social Security Withdrawal

Robert J. Phillips
Chief Retirement Consultant

Deciding whether or not to take the early withdrawal of social security at age 62 can be difficult. If you need this income at 62 to fund your retirement the decision is fairly straightforward. Take it early! On the other hand, if you have another source of revenue to fund your retirement your decision will be primarily based on lifestyle, health and investment preferences.

Several factors can affect your decision. First is your life expectancy. If you are in good health and have a family history of living beyond 90 then waiting for full benefits may be best. Two other factors impact this decision. First and most important is the value of money or your expected return from your investments. If you are using other investments instead of social security to fund your retirement you should use the rate of return of these investments as your value of money. There is another way to look at the value of money. If you do not require the social security money to live, you can invest the distributions for the future. The rate of return of this investment is your value of money. If your investments will make larger returns such as stocks this would favor taking the early withdrawal.

The last factor impacting your decision is inflation. Social security includes an annual adjustment based on inflation. You cannot control this variable but you should be aware of its impact. If future inflation is significant it will favor a later full distribution

FREE Social Security Calculator:

We developed a calculator to assist in analyzing the impact of taking early benefits at age 62 or waiting for full benefits at age 66 to 67 depending on the year you were born...If you were born in 1960 or later your full benefits will begin at age 67 and your reduction for early benefits at age 62 will be 30%. If you were born between 1946 and 1960 your full benefits begin as early as age 66. We have included a chart that summarizes information.

To use the calculator you need to input your year of birth. You also need to input a value of money up to 10% and a projected inflation adjustment. The calculator analyzes income generated over time from both the early and full benefit investments. It calculates the age at which full social security will catch up and breakeven with the early withdrawal. If you were born before 1960 your breakeven age will be impacted by the year you were born. An early breakeven age favors waiting for full benefits.

The social security calculator is not the final answer whether to take an early withdrawal but it does give you additional economic data to assist in that decision. Ultimately you must balance income, investments and lifestyle to optimize your enjoyment during your retirement years.