Take Your Pick Among Retirement Settlements to keep on the right track!
There are a number of types of retirement settlements.
In one, retirement settlements are made by companies that purchase life insurance policies that you no longer wish to carry. In another, retirement settlements are the offers that are made by a company when they wish to release an employee with an early retirement option.
Both of these types of retirement settlements can have a number of financial implications. With the first, the primary implication is that you have made the choice to sell your insurance policy because otherwise you do not have the money that you need to pay your expenses or otherwise fund your lifestyle. With careful planning ahead of time, understanding your investments and the way they perform and having a solid financial plan in place, you should be able to avoid this type of retirement settlement.
The second may prove a bit more challenging. When you are asked, or forced, to accept an early retirement, your whole world may seem to have been turned upside down. Not only will you no longer be commuting to and from the office every day, you will no longer be bringing in a regular paycheck.
Though with these retirement settlements, you are often offered a sizeable last paycheck and a portion of your pension plan, you will still find that the plans you have for your retirement are suddenly not on the same track they had been on. And that makes it even more important for you to have control over your financial planning. You need to be able to tell immediately how your retirement savings accounts and investments will be affected, and you need to be able to quickly make changes to your strategy.
The most effective tool for this is Bob's free retirement calculator. With it you can do a number of things. You can evaluate the way the stocks, bonds and mutual funds that you've invested in have performed in the past. More importantly, you can see the projections for how your investments will perform in the future - and how those projections will be affected by interest rates and inflation.
However, that too is only a starting point. You will also be able to use even more powerful tools, such as those that show you how changes to your investment strategy will affect the savings that you have when you retire.
For example, you can use the tool to evaluate how a withdrawal from your savings would affect the income you had when you retired. Similarly, you can use it to determine the ways in which smaller monthly deposits and less money available for investments will affect your financial security. You'll be able to project your retirement income based on the changes to your current income, and take into consideration that there will no longer be contributions to your pension plan.
These effects may make you uncomfortable and will bring up many questions. Because we are aware of this, we have made it possible for everyone who access Bob's free retirement calculator to have a free one-on-one consultation with a trusted financial advisor.
You'll be able to ask questions and get the answers you need. You'll be able to develop a plan to deal with your new circumstances, and the retirement counselor will be able to help you put that plan into action.
If you are looking to avoid the first of these retirement settlements, you can use our retirement calculator to ensure that you'll have the money you need for your retirement without having to sell your life insurance policy. And if you are offered the second type, you need the perspective and understanding that will come from using our retirement calculator to evaluate your financial plan.
Either way, the benefits of Bob's free retirement calculator will speak for themselves. See for yourself. Just click the blue button below to get started.