The Retirement Calculator That is Changing Everything

September 13, 2017
74 Shares 1,994 Views

For years, retirees have struggled with planning their finances. Even when they think they have set enough aside, the world is still full of surprises.  When you look for help “the answer you typically get from financial advisers is to save as much as possible, or way more than you could ever spend, and hope for the best. The result is workers scared to retire and retirees terrified to spend a dime on anything fun or frivolous.”

However, Bloomberg may have just found a diamond in the rough for retirees: A retirement calculator that has the potential to give substantial feedback on your financial plans.

“United Income, a new money manager backed by some of the biggest names in retirement, pitching big data as a solution. It’s deploying huge sets of stats on investment performance, retiree spending, longevity, and other crucial factors to simulate innumerable outcomes. The software estimates the chances that each client’s personalized retirement strategy will actually succeed, then refines the plan if it won’t, based on as many as 18 million simulations per client, UI said. The aim is to make retirees’ money go a lot further than other planning software, which Founder and CEO Matt Fellowes scorns as hopelessly out of date.”

Retirees or those looking to retire shouldn’t hesitate to find more at bloomberg.com.

 

You may be interested

Job Hiring is Picking Up as Employers and Consumers Gain Confidence
Economy
548 views
Economy
548 views

Job Hiring is Picking Up as Employers and Consumers Gain Confidence

Lamont J - March 29, 2021

The recent government stimulus for small and medium-sized businesses, personal stimulus checks, and declining Coronavirus cases, are all great news…

Fed Could Maintain 0% Interest Rate Until 2024
Economy
489 views
Economy
489 views

Fed Could Maintain 0% Interest Rate Until 2024

Adam R - March 26, 2021

The Federal Reserve is holding its target interest rate in a range of 0.00% - 0.25%, even while the economy…

Supply Constraints Could Slow the Home Market
Economy
555 views
Economy
555 views

Supply Constraints Could Slow the Home Market

Becky H - March 25, 2021

Low inventory has been a constant in the home market for more than a year. The supply of existing and…