What will your income be in retirement? If you are like most people, you are not sure. You may not have a financial plan. A plan is a roadmap that guides you to your financial destination. We advise everyone to begin a plan as early as possible. It takes the worry out of outliving your savings.
But there’s a quick and easy “Estimator” developed by one of the largest investment firms in the world that get you an answer in less than a minute. It uses current estimates for market returns, interest rates and life expectancy.
If you are between the ages of 55 and 74, all you need to know is the amount you have saved for retirement. The Quick Calculator will give you your estimated annual retirement income.
If you are interested in finding out what your estimate is, contact Korving & Company.