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Retirement Pension Calculator - Do You Have Enough Money to Retire?


Click here for more details Retirement plans or Pension Plans ensure a financially secure retirement with guarantee monthly income. Retirement plans ensures secure and happy retired life. – PowerPoint PPT presentation

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Title: Retirement Pension Calculator - Do You Have Enough Money to Retire?

Retirement Pension Calculator - Do You Have
Enough Money to Retire?
  • A pension plan is basically an
    arrangement that provides you regular income when
    you are no longer generating fixed income from
    employment. It is a saving vehicle that allows
    you to accumulate tax-free funds that can be used
    later as retirement income. Also called
    superannuation plan, a pension plan is a kind of
    guaranteed annuity. It is usually set up by the
    government, employer, trade union, insurance
    company or employer association.

  • When you retire, you stop earning money and
    become dependent upon your guaranteed sources of
    money such as pension, returns on investment and
    rental income. Of these pension it is the most
    reliable resource of money. It is an efficient
    way to save tax all through your employment
    period, amass money on which the tax is never
    applied, and get regular income throughout your
  • The big question that comes to the fore at this
    point of time is how much pension would be needed
    to ensure an unproblematic and uncomplicated
    retired life. This is where a good retirement
    pension calculator becomes indispensable. On the
    one hand, it helps you to calculate the total
    amount of pension you would need to meet all your
    expenses and liabilities after you stop working,
    and on the other hand, it helps you to select the
    best superannuation plan. Furthermore, it also
    helps you to ascertain the various benefits that
    you would obtain from the pension plan in
    different retirement age scenarios.

  • The amount of pension you get depends upon two
    factors, firstly, the amount of money you put in
    the plan, and secondly, the age at which you wish
    to retire. A good retirement pension calculator
    will help you to determine when your
    superannuation plan will start generating good
    results, how much money you will get in hand per
    month, and what all you can do to increase the
    yield. Furthermore, you will also be able to
    calculate the right age to retire.
  • Yet another benefit of a proficient retirement
    pension calculator is that it helps you to select
    the Retirement Pension Plan. There are different
    kinds superannuation plans are available, and all
    of them produce different results in different
    periods of time. It is simply impossible to
    examine and evaluate each one of them to track
    down the best plan.

  • With the help of the pension calculator you can
    easily decide whether to choose a define benefit
    plan, where you get a fixed amount depending upon
    you salary and the number of years you
    contribute, or defined contribution plan, where
    the monthly income depends upon the amount of
    money contributed and the type of investment
    vehicle used. Besides these there are hybrid
    plans that combine the features of both the above
  • Thus, by using a retirement pension calculator,
    you can select the best superannuation plan and
    ensure a good regular income on retirement.

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