U.S. News & World Report featured a review of five free retirement planning tools that can be found online.
The review includes retirement planning software from:
The general conclusion is that the tools do "an inconsitent and poor job," often ignoring critical factors such as longevity risk, inflation and medical expenses.
Source: U.S. News & World Report
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Anonymous replied on Permalink
alternative calculators?
what is the best way to get info on this if these tools are unreliable? i have been using calculators for retirement planning purposes and without them have no reality check.
tom replied on Permalink
Advisor or Consumer?
Are you a financial advisor or consumer?
The tools referenced and reviewed in this article are free and are provided by relatively reputable sources. That said, the downsides or limitations of the tools are discussed in the article.
If you are an advisor, there are many paid options to choose from and would be happy to point you in the direction of a couple (example: esplanner or Qwema's tools).
Anonymous replied on Permalink
Consumer Annuity Tools
I am not a financial advisor.
I am interested in tools I might be able to use on my own.
Thanks.
tom replied on Permalink
Consumer annuity tools
Start the whole process with a good financial planning tool.
Consider the following resources:
http://www.esplanner.com/ourusers/esplanner-for-individuals
The following are free:
http://www.analyzenow.com/Free%20Programs/free_programs.htm