Calculating Your Future

Publication
Article
Physician's Money DigestJanuary31 2004
Volume 11
Issue 2

There are so many retirement calculatorsavailable through Web sites that findingone that actually does a reasonablejob of forecasting your financial futuremay be a tad difficult. One top choice offinancial planners is the T. Rowe PriceRetirement Income Calculator (www3.troweprice.com/ric/RIC), which uses aprobability analysis known as MonteCarlo. The system generates hundreds ofscenarios based on your age, the projectedlength of your retirement, what retirementassets you already have and howthey're invested, and how much monthlyincome you want in retirement. The calculatorthen feeds back the odds of yourreaching your goal.

Recent Videos
© 2024 MJH Life Sciences

All rights reserved.