Those interested
in reading more about the basic actuarial principles advocated in this website
may find the April, 1989 monograph, "FundamentalConcepts of Actuarial Science" to be of interest.
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Milevsky Probability of Portfolio Ruin Calculator (Calculator
and Paper)
See Post of December 16, 2014 for further discussion of this calculator.
See Post of December 16, 2014 for further discussion of this calculator.
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Analyzenow.com
This site contains a much more sophisticated spreadsheet (Free Retirement Planner) than the ones contained in this website. It determines the monthly spendable amount after estimated taxes and reflects actual Social Security that you are receiving. It also allows you to input separate starting dates for your and your spouse's Social Security and pension benefits. As noted in the March 2010 article, the tool you use to determine the initial spendable amount is generally less important than making reasonable assumptions and following the General Actuarial Process to adjust for actual experience and changes in assumptions during your remaining retirement years, but you may wish to use this more robust program in your planning. Analyzenow.com is authored by Henry K. "Bud" Hebeler and contains a wealth of good information about financial aspects of retirement planning.
This site contains a much more sophisticated spreadsheet (Free Retirement Planner) than the ones contained in this website. It determines the monthly spendable amount after estimated taxes and reflects actual Social Security that you are receiving. It also allows you to input separate starting dates for your and your spouse's Social Security and pension benefits. As noted in the March 2010 article, the tool you use to determine the initial spendable amount is generally less important than making reasonable assumptions and following the General Actuarial Process to adjust for actual experience and changes in assumptions during your remaining retirement years, but you may wish to use this more robust program in your planning. Analyzenow.com is authored by Henry K. "Bud" Hebeler and contains a wealth of good information about financial aspects of retirement planning.
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- See post of May
8, 2016
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