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by Retirement Advisor | Jul 31, 2022 | 2 Comments
The rules for the inherited IRA changed dramatically under the SECURE Act of 2019. This video defines inherited IRAs and the new 10 Year Rule for inherited IRAs as a result of the SECURE Act of 2019. 0:00 Introduction 1:02 What is an inherited IRA? 1:26 Why is an inherited IRA important? 1:49 Why...
This calculator easily answers the question "Given the value of my current investments and assuming future monthly investments of "X", at what age will I reach my retirement goal?"
The user enters their "Current Age", the "Monthly Amount Invested",the "Annual Interest Rate (ROI)" (annualized Return on Investment one expects to earn) and "Amount Desired At Retirement".
The calculator quickly calculates the user's retirement age and creates an investment schedule plus a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.
If you need a more advanced "Retirement Calculator" - one that calculates many more unknowns and one that calculates assuming retirement income and not a final lump sum then try the calculator located here: https://AccurateCalculators.com/retirement-calculator
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.
