CALCULATING RETIREMENT

Physician's Money Digest, February28 2003, Volume 10, Issue 4

Almost any financial Web siteoffers a retirement calculator to helpyou figure out how much you willneed in your nest egg when you leaveyour medical practice behind. Manyof them are flawed because theyassume static returns and inflationrates, which may leave you with aforecast that is too optimistic or toopessimistic. Some sites, however,take varying probabilities into account,including Financeware.com.You can get a free trial at the site, butyou'll pay $19.95 a month after thatfor the financial advice you receive.T. Rowe Price (www.troweprice.com)offers a free calculator that allowsyou to choose the degree of probabilitythat your retirement plan will beup to the job.