Is Your Retirement Calculator Faulty?

2016-05-22 21_39_55-Morguefile.com free stock photos“Many people use retirement calculators to estimate whether they’re on track, but even the best calculator is subject to the universal rule of computer programs – garbage in, garbage out.” Today’s article outlines several common mistakes people make when assessing their financial preparedness for retirement that might produce a deceptively rosy picture of how on-track they are. By how much does the author suggest reducing your expected Social Security benefits? What percentage of retirees would like to work but are unable to, according to one study? What percentage of people end up retiring earlier than they (and their nest egg) had planned on? CLICK HERE to read more.