Am I saving enough to meet my income needs at retirement? How will participating in my company’s retirement plan affect my paycheck? Which contribution type is right for me? How do I choose my investment strategy?
If you’re a participant in a company-sponsored retirement plan, chances are you’ve asked yourself a few of these questions. Saving for retirement involves planning and strategy. You’ll want to make the correct decisions now to get the best possible outcome. We understand these things can be confusing, but our retirement calculators can serve as a guide to help simplify your decision-making, and ensure you’re on the right track.
Retirement Income Calculator – Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement. Your annual savings, expected rate of return and your current age all have an impact on your retirement’s monthly income. View the full report to see a year-by-year break down of your retirement savings.
401(k) Contribution Effects on Your Paycheck Calculator – An employer-sponsored retirement savings account could be one of your best tools for creating a secure retirement. It provides two important advantages. First, all contributions and earnings are tax-deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your account, which can range from 0% to 100% of your contributions. Use this calculator to see how increasing your contributions to a 401(k) can affect your paycheck as well as your retirement savings. *This calculator uses the withholding schedules, rules and rates from IRS Publication 15
Retirement Nest-egg Calculator – Do you know how much it takes to create a secure retirement? Use this calculator to help determine what size your retirement nest-egg should be.
Roth 401(k) vs. Traditional 401(k) Calculator – A 401(k) contribution can be an effective retirement tool. As of January 2006, there is a new type of 401(k) – the Roth 401(k). The Roth 401(k) allows you to contribute to your 401(k) account on an after-tax basis – and pay no taxes on qualifying distributions when the money is withdrawn. For some investors, this could prove to be a better option than contributing on a pre-tax basis, where deposits are subject to taxes when the money is withdrawn. Use this calculator to help determine the best option for your retirement.
Risk Portfolio Questionnaire – Selecting the investments in your retirement account can seem like an overwhelming task. If you are unsure which of the 5 risk-based portfolios you should choose for your account, answering this questionnaire may help to point you in the right direction. Please take a moment to answer each question, and then add up your score at the end to find out what your answers say about your investment style.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.