Calculate Lifetime Income
Retire On Track LLC.
How to Calculate Lifetime Income
What will your lifetime income be? Have you thought about what it would take to calculate your lifetime income?
Of course, when we are talking about how to calculate lifetime income, it is not in reference the amount of income that you will make in terms of what you will earn from your employment - it isn't a matter of just collecting all of your W-2s and other tax forms to determine how much you have been paid. Instead, the lifetime income that is being referred to is the amount that you can earn with the savings accounts that you have and the investments that you make; in other words, lifetime income is about the income that you will have available after you don't have a paycheck coming in, the income that will last you for the lifetime you have looked forward to the most.
With the right tools, you will find that it's a lot easier to calculate lifetime income than you may think that it will be. Once such tool that can help you to calculate lifetime income is to Try Bob's free retirement calculator on this page.
With it, you will be able to take a much closer look at the savings accounts that you have chosen for growing your money and continuing to earn income. Simply enter the details of savings accounts that you have - whether they are individual retirement accounts, certificates of deposit, annuity accounts or other accounts that you may have - and you will be able to see the ways in which interest rates will help that income to grow.
Similarly, you will be able to take advantage of the retirement calculator to help you calculate the income that you will earn on the investments that you have made. Enter details about the stocks that you have as well as the mutual funds that you have invested in. You'll then be able to take a look at how each investment in your portfolio has performed over time, and you'll be able to see how they are projected to perform in the future. That performance is also a key component of calculating your lifetime income.
More importantly, you will find that you are able to calculate your lifetime income based on small changes that you make to your investment portfolio and savings accounts. And, because your contact information will be forwarded to a trusted financial advisor in your area who will give you a follow up call, you'll find that it's easy to get the answers that you need and to get your savings and investments on track to help you earn the lifetime income that you've always wanted to have.
There is no reason why, when you calculate lifetime income, you should not be able to see figures that make you happy and ensure that you are able to reach all of your financial goals. All it takes is an understanding of how to save and invest, the right tool for identifying how much you are earning and the right advice that will help you to reach all of your goals.
Try Bob's free retirement calculator - The retirement calculator was featured on 'The Saturday Early Show' by CBS' top financial analyst just click the blue button below. Take control and reach your retirement goals.