The Complete Retirement Planner Blog

Timing - When Should I Start Planning?

Timing - When Should I Start Planning?

Any professional financial adviser will tell you what you've already heard elsewhere a thousand times - start saving as early on in your career as possible. Save as much as you can, invest it wisely, and do both consistently. This is, of course, to help you to be financially responsible, and to develop financial security for the future. While this is great advice, it is missing an essential piece. Along with saving and investing, you need to create a retirement plan to compliment those efforts. After all, part of what you're saving for is retirement! A retirement plan is best...

Read more →


What A Big Difference A Small Amount Makes

What A Big Difference A Small Amount Makes

One component that all financial planning tools (even calculators) have in common is that they use an inflation rate as a factor. Some allow you to enter a rate, some assume a rate for you. But how much of a difference does that rate really make in the grand scheme of things? The short answer, it makes a significant difference.Financial advisers often suggest using an inflation rate of 3%. I've seen calculators that assume a rate of 4%. The historical rate, over the past 20 years, is approximately 2.15%. So what rate should you use, and how much difference does...

Read more →


Retirement Planning, And The 2018 Tax Laws

Retirement Planning, And The 2018 Tax Laws

Whatever you may think about the new tax laws, there may be a couple of advantages for retirement planners to take note of. Some of the changes are slated to end after 8 years, but until that actually happens (maybe it will, maybe it won't?), this is what I have noticed:       • As you know, if you itemize a tax deduction for mortgage interest, the deduction becomes less and less each year as you pay off the mortgage. However, the new, and larger, Standard Deduction may help to offset that loss in deductions in the later stages of the mortgage...

Read more →


The Complete Retirement Planner - Updates For 2018!

The Complete Retirement Planner - Updates For 2018!

With new tax laws on the horizon, we are already preparing an updated version of The Complete Retirement Planner for 2018. Along with the tax changes, the 2018 planner will also contain all other updates made during 2017. Depending on when you purchased your planner during the year, you will benefit from some, or all, of the following improvements that were made along the way: Additional itemized expenses were added/expanded, with the ability to add a couple of your own. You can now enter 4 One Time events, instead of only 2. Worksheets were added on the income page to...

Read more →


Use A Retirement Planner To Help With Current, And Future, Finances

Use A Retirement Planner To Help With Current, And Future, Finances

Most people think of a retirement planner as a tool that will only help them to plan for their future, but a good planner will also help you with current issues as soon as you start using it. To help figure out what your needs will be many years from now, you need to start with what your current needs are, and that means itemizing your current expenses. All of them. You don't need to go down to a granular level and list what you spend on paper towels every month, but you do need to list out as many...

Read more →