About Retirement Calculator, Inc.

Recommended Reading

• The Nervous Retiree
• Why You Need Retirement Calculator Software
• Analysis of the Economics of Early Social Security Withdrawal

Best place to Retire in America

Choosing the Best Place to Retire in America

The best place to retire in America : will you get your information from guides that suggest retiring to Arizona or Florida, or will you look to see what others say on message boards and various sites that you find on the internet? Will you talk with family and friends to learn their opinions about the best places to retire in America, or will you try to come up with some sort of a travel schedule with hopes of discovering the place that's right for you? Or will something go very wrong.

Some of you might read that last sentence and find yourself a bit confused. "The best place to retire in America," you might be thinking, "isn't that something that is a personal decision? Unless you choose the wrong place, what can go wrong? You can always move." If you're thinking that way, you're on the right track. The best place is the one that's right for you - a place where you can come together with like-minded people, take advantage of the great weather and a wide variety of activities that you enjoy. But there is something that can go wrong - something that will go wrong, unfortunately, for many who are planning for their retirement.

What happens to many people, when they choose the best place to retire in America, is that they find that when the time comes for them to retire they don't have the money to make their dream a reality. Perhaps they did not make the right investment decisions and chose the wrong stocks, bonds and mutual funds for their savings. Perhaps they put their money into the wrong savings account or bonds and IRAs and didn't earn the best interest rates on the money that they saved. Instead of retiring to the place that would be best for them, they find themselves settling for the best place that they can afford.

Which will it be for you? Will you be able to choose the best place to retire in America or will your options be limited because of choices that you made along the way? There are two simple things that you can do to find out. First, you can take advantage of a free retirement calculator that will allow you to take a closer look at your savings and investment strategy to make sure that you're on the right track (and to test out alternatives that may or may not get you there without the risk of making an investment without a sense of what the future holds). Then you can take advantage of the follow up call that comes from a financial advisor who is ready to be there for you and to help you make the right investment decisions.

The follow up call that you'll receive from a financial advisor is a free call - you will be able to ask questions about what you have discovered with the retirement calculator, get the answers and advice that you are looking for. Having the answers that you need and the right advice can help to ensure that you are able to choose the best place to retire in America - the place that offers everything that you're looking for - not simple "the best place you can afford."

Shouldn't you be able to choose your best place to retire?

Find a Qualified Financial Planner in Your Area

Do You Know the Answers to These Important Retirement Questions?

• Are you retired or thinking about retiring?
• Do you have enough money to comfortably live throughout your retirement years?
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• Are you looking for help to achieve your long-term financial goals?
• Would you like to learn more about Annuities, 401's, Life Insurance and Long Term Care?

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Analysis of the Economics of Early Social Security Withdrawal

Robert J. Phillips
Chief Retirement Consultant

Deciding whether or not to take the early withdrawal of social security at age 62 can be difficult. If you need this income at 62 to fund your retirement the decision is fairly straightforward. Take it early! On the other hand, if you have another source of revenue to fund your retirement your decision will be primarily based on lifestyle, health and investment preferences.

Several factors can affect your decision. First is your life expectancy. If you are in good health and have a family history of living beyond 90 then waiting for full benefits may be best. Two other factors impact this decision. First and most important is the value of money or your expected return from your investments. If you are using other investments instead of social security to fund your retirement you should use the rate of return of these investments as your value of money. There is another way to look at the value of money. If you do not require the social security money to live, you can invest the distributions for the future. The rate of return of this investment is your value of money. If your investments will make larger returns such as stocks this would favor taking the early withdrawal.

The last factor impacting your decision is inflation. Social security includes an annual adjustment based on inflation. You cannot control this variable but you should be aware of its impact. If future inflation is significant it will favor a later full distribution

FREE Social Security Calculator:

We developed a calculator to assist in analyzing the impact of taking early benefits at age 62 or waiting for full benefits at age 66 to 67 depending on the year you were born...If you were born in 1960 or later your full benefits will begin at age 67 and your reduction for early benefits at age 62 will be 30%. If you were born between 1946 and 1960 your full benefits begin as early as age 66. We have included a chart that summarizes information.

To use the calculator you need to input your year of birth. You also need to input a value of money up to 10% and a projected inflation adjustment. The calculator analyzes income generated over time from both the early and full benefit investments. It calculates the age at which full social security will catch up and breakeven with the early withdrawal. If you were born before 1960 your breakeven age will be impacted by the year you were born. An early breakeven age favors waiting for full benefits.

The social security calculator is not the final answer whether to take an early withdrawal but it does give you additional economic data to assist in that decision. Ultimately you must balance income, investments and lifestyle to optimize your enjoyment during your retirement years.