401k Calculator – Retirement Calculator

This 401k Calculator can give you an estimate of what you can expect to earn in the future.

Compound Interest Calculator

The compound interest calculator is another simple but helpful calculator for you!

Fica Tax Retirement Calculator

Ever wonder what your fica taxes would be?  Very helpful if you’re self employed.

Income Retirement Calculator

If you are paid weekly, this income calculator is helpful for figuring out gross and net incomes.

Retirement Savings Calculator

Helpful tool to figure out and calculate how much you should start saving monthly.

Income Tax Retirement Calculator

It’s never fun to figure out how much you owe to the IRS, but none the less, this Income Tax Calculator is very helpful.

Investment Return Calculator

You can leave the last field blank if you are not currently receiving income.  Investment Returns are pretty easy to figure out.

IRA Calculator

You’ll this IRA Calculator.

ROTH IRA Calculator

Helpful tool for making calculations on your ROTH IRA.

Rule of 72 Retirement Calculator

Ever wonder how long it will take to double your investments or double your wealth?

Net Worth Calculator

The Net Worth Calculator is the grand daddy of all calculators.  Everyone should figure out their net worth monthly!

Alright… I hope you find these retirement calculators useful, and if so… don’t forget to swing by my Facebook Page and click LIKE! — > http://www.facebook.com/401kRollovers

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Retirement Income

Retirement income – What are the main 7 sources for retirement income?  Here I’ll try to explain the differences between the different sources of retirement income so you can better plan for your future.

Welfare or Charity

While most people would never like to picture themselves having to be put on welfare, the reality of poor planing could result in the dependency of money from charity.  Often times I see churches and family members asking to raise funds immediately after an unexpected death of a loved one.  One of the easiest things to do to prevent the need to rely on others is to have enough life insurance for both you and your spouse.

Continued Employment

So you’re now 62 or 65 or even 67… what’s next?  You may realize that you do not have enough income to cover your bills which could include the mortgage, the car payment, and other necessary bills.  So one option would be to continue to work.  I guess if you enjoyed your full time job, then this would not be an issue.  Unfortunately, a majority of the population at the age of 65 are tired of working for their past 40 yrs.  Don’t forget that health issues could really be the number one determining factor on whether you can continue to work.

Non Qualified Assets or Mutual Funds

Non qualified assets are things that have already been taxed.  This could include your savings account, monies in your CD’s, your stocks and mutual funds purchases made from after taxed dollars.  How long you can live off of your non qualified assets depends on the size of your account and your monthly living expenses.

Roth IRA

Roth IRA’s can be great source of income in addition to your other qualified accounts.  The best thing about Roth IRA’s is the fact that you can take future income distributions without having to pay any taxes.  Depending on how well the account is managed and grows, this could provide much more retirement income especially when you do not have to pay taxes.

Traditional IRA

Traditional IRA are just another form of qualified accounts.  Chances are if you had an old 401k and did a rollover, it would have been rolled into a traditional IRA.  I would say a majority of retirement accounts are qualified accounts in the form of a 401k or traditional IRA.

Qualified Plans

Anything that allows you to contribute on a pretax basis could be considered a qualified plan when it comes to retirement.  A 401k is the most common through payroll deduction.  Others could include a 403B or tax sheltered annuities.  Pensions and annuities are great forms of retirement income because of the predictive nature of the investment.  It only makes sense to have a stable and predictable form of income each month once your do plan to retire.

Social Security

For current seniors, this is the most anticipated form of retirement income.  It used to be a fact that for every retired senior taking social security benefits, there were more than 50 workers paying into social security.  From my last research I believe this was before 1960′s.  They predict that 20 yrs from now, there will only be roughly 3 workers paying into social security for every retiree.

Retirement Income Conclusion

More sources of retirement income is always better than just one.  Can we solely depend on social security for your retirement?  I don’t think so.  It’s impossible to expect your social security benefits to pay you more than what you were earning during your working years.  With a sensible investment strategy and having your mortgage paid off can really help increase your income at retirement.

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Part of planning for a better retirement includes figuring out what your future average living expenses would be and how much you will need to cover those expenses.  The chart below will help give you an idea of how living expenses would increase at a 3% inflation factor.

It’s never too late to start a plan and strategize to reach your income goals.

Need Help With A Retirement Strategy?

Ask Binh

Binh Nguyen

(832) 273-3392

admin@401krollovers.info

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Historically, it’s been quoted as “In May, Go Away.”  This has been said probably for a couple of different reasons.  The first is during the summer months, there will be less volume in the stock market.   Less volume, means the stock market will be a little more volatile.

More volatility equates to a higher amount of risk.  With so much going on, and Greece basically bankrupt… what will happen next?  I anticipate a short rally if and when the S&P gets back up above it’s 200 day moving average.  This could happen in the next few weeks.  This rally will probably be from all the shorts covering their positions.

I don’t believe the rally will last very long either and we’ll probably end up back down lower than we are now.   Again, I do not suggest you all go out and make trades based on what you read here or because Cramer said so.  You should do your own due diligence before making any investment trades.

Just be careful in other words is what I’m trying to get at.  Until the US businesses are able to start getting loans to run their businesses, I don’t believe the job numbers will increase.  This simply means unemployment will remain high and unchanged.  Without growth, I believe we may be heading for a double bottom by the end of this year.

Rule #1 – Never Lose Money “Warren Buffet”

Rule #2 – Never Forget Rule #1 “Warren Buffet”

Need Help With Rule #1?

Ask Binh

Binh Nguyen

(832) 273-3392

admin@401krollovers.info

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One of my favorite stations on the radio while I’m driving or commuting for work is to listen to Biz Radio AM.  If you haven’t ever had a chance to listen to Phil Grande; you definitely should.  He’s got a great personality and a lot of what he says I agree with 100%.  I really like the guy.

One thing he says that I agree with is that “Mutual Funds are set to fail!”  One reason for that is because you can not  short the mutual funds.  You can short stocks just as long as it’s not in any individual retirement accounts.  Who really makes up all these rules?  I don’t know.

I can understand that shorting stocks may seem to be the Non-American thing to do, because if you’re an American; wouldn’t you want all US equities to go up in value over time, right?  Then again… is it fair or is it a double standard when huge U.S. institutions, banks, and so called sophisticated investors get to short the market and profit from the downside movement while the 52 million+ employees with their mutual funds in their 401k are hit with growing losses because they aren’t allowed to bet on the downside?

This is also significantly more mutual funds than there are stocks in the S&P500, which makes doing your research harder than it really has to be.  A majority of mutual fund managers can’t even get the average return rate of the S&P500 index.  If they are able to beat it, they can’t do it consistently over a long period of let’s say 10 yrs.  You can argue with me here, but I’ll get some solid figures together here one of these days.  I’ve just been a little busy with work recently.

It might seem like I’m going on a tangent here; however the point I’m trying to make is that they should allow you to short mutual funds and also short stocks in your IRA’s.  It’s just ridiculous in my opinion to limit an employees ability to be profitable as an investor when you don’t allow them to bet on the downside of mutual fund or a stock in their IRA.  I really feel sorry for those that bought BP at $60 a share in their 401k’s within the last 3 months and are still holding on.

I’m not saying to completely stop investing in the stock market.  I’m only suggesting that you further your financial education if you are to invest directly in the markets.  Also you should be open to learning about the advantages and disadvantages of all different asset classes.  That way you aren’t stuck with going long on mutual funds and stocks in your 401k or ira’s.

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