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• What They Didn't Tell Ya About Money In High School Part 1
• What They Didn't Tell Ya About Money In High School Part 2
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• What They Didn't Tell Ya About Money In High School Part 4
• What They Didn't Tell Ya About Money In High School Part 5
• How to Stop The "N.F.L. Syndrome" From Stealing Your Retirement
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• How to Save $100 a Week In Three Easy Steps

About Retirement Calculator, Inc.

CBS The Early Show

Watch the video clip

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• The Nervous Retiree
• Why You Need Retirement Calculator Software
• 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
• FREE New Social Security Calculator
• FREE Consultation with a certified financial advisor in your area

Produce Lifetime Income

How Will You Produce Lifetime Income?

How will you produce lifetime income? Will you focus on working hard, possibly with a second or third job in addition to your career? Will you work in a job that you don't enjoy simply because the paycheck is something that you don't believe that you can pass up because you want to produce lifetime income and you think it's the only way? Or will you take a slightly different approach?

When the time comes to produce lifetime income, some people do make the choice to work more and to work harder. Other make the choice to produce lifetime income by working smarter. Now that's not to say that they don't work hard or that they are unwilling to put it long hours; it's only to say that there are people who know that they can save well and make great investment choices and produce lifetime income while still living a full life that they enjoy.

For them, in order to produce lifetime income, there is a sense that what they need to do is to put some time and effort into learning more about the wide variety of retirement savings accounts that are available and to determine which one will be best for helping them to reach their goals. For them, there is a sense that by understanding different investment types and different investment styles, they will be able plan ahead and produce lifetime income with the investments that they make.

If you want to learn more about what it takes to produce lifetime income with the choices that you make regarding savings accounts and investments, you owe it to yourself to download the free retirement calculator that is available at the bottom of this page. With it, you will be able to focus on learning how savings accounts accrue, as well as to discover what the value of savings will be once inflation has been taken into consideration. Likewise, you will be able to look at investments - those that you have already made and those that you might make to learn how they can help you to produce lifetime income.

More importantly, when you download the free retirement calculator, your contact information will be forwarded to a financial advisor in your area who will call you to follow up. Not only will you be able to ask the questions that you have after using the retirement calculator, but also you will be able to ask the questions that you have about how to produce lifetime income. Together you will be able to explore where you are starting from and where you want to be, and then to determine the best way to get you there.

It's possible to produce lifetime income without having to sacrifice; it's possible to learn about choices that you can make about savings and investments that will allow you to produce lifetime income. When you have the free retirement calculator that lets you take a closer look at where you are and the right advice to help you identify where you want to be, you'll find that it's easier to achieve your goals. See for yourself: click to download the free retirement calculator to get started.

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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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.