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• What They Didn't Tell Ya About Money In High School Part 1
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• What They Didn't Tell Ya About Money In High School Part 5
• How to Stop The "N.F.L. Syndrome" From Stealing Your Retirement
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About Retirement Calculator, Inc.

CBS The Early Show

Watch the video clip

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

• FREE Retirement Calculator recommended by Ray Martin on the CBS Early Show - Watch the video clip
• FREE Retirement EBook written by Bill Losey, America’s Retirement Strategist
• FREE Retirement Intelligence Information Services Newsletter
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• FREE Consultation with a certified financial advisor in your area

Wealth Management Michigan

Is Wealth Management Important in Michigan?

Wealth management is a key component of every savings and investment strategy that people have when they are looking towards saving for and investing in their retirement. The goal of wealth management - in Michigan and beyond - is to make an effort up front to make the right choices when it comes to investments and savings accounts so that you will be able to create more than just a retirement savings, but to create wealth.

Wealth management, in Michigan and elsewhere, is not just a case of balancing out the extra income that you have now. Wealth management isn't just for those in Michigan or elsewhere who already have accumulated wealth whether through hard work, great investments of even family money. Instead, wealth management is about getting the right financial advice and starting where you are.

For some in Michigan, wealth management is about starting young: knowing in your twenties and thirties that investing in an employer sponsored 401k or starting to save with an individual retirement account is the best way to ensure that you are able to retire on your terms with the money that you'll need. For others, wealth management is about making risky investments and determining the best plan of action for further investing the proceeds: it's about creating wealth as quickly as possible.

In either case - as well as for all of the other situations in between - the key to wealth management is to understand the savings accounts that your money will accrue in and making the right investment choices so that you money grows. The best thing that anyone who is looking into wealth management in Michigan or elsewhere can do is to find the right tools that will help them to reach all of their financial goals.

One of those tools is the retirement calculator that you can download from the bottom of this page. With it, you will be able to look at your savings, and how it will grow over time and how the value of your accumulated wealth will hold up to the effects of inflation. Likewise, you will be able to use it to look at the way the investments that you made have performed in the past and how they are projected to perform well into the future.

Because when you download the retirement calculator your contact information will be forwarded to a financial advisor who specializes in wealth management, you will also receive a follow up call from someone who can help you to take even more control of your financial future. Together, you can explore your options; together you can develop a strategy that will help you to reach all of your financial goals.

Wealth management - in Michigan and beyond: is it important? Of course it is, however, in order to take advantage of the wealth management advice that you receive, you need to be able to accrue wealth, and that means making the right choices now regardless of which stage of life you are in. Why not click and download the free retirement calculator to ensure that you're making those choices and working towards your goals?

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?
• Would you like FREE face to face advice or retirement consulting from a trusted local financial advisor?
• 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?

Would you like to retire, but aren't sure you can?

Have you wondered if you have enough money to retire, how long it will last, how much you can take out, and the best way to invest?

Everyone who has thought about retirement has asked themselves these and other questions. Now you can get ALL the answers in Retire in a Weekend! This short, simple, humorous, easy-to-understand book answers the 10 most popular questions and addresses the 5 biggest concerns people have about retiring! So stop asking yourself IF you can retire ... with Retire in a Weekend! you'll learn HOW to actually do it.

For a limited time, purchase Retire In a Weekend for $29.95 and receive a free download of Retirement Calculator Premium.

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.