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MoneyBee Retirement Calculator

How much do I need to save? When can I retire? Our free retirement calculator helps you answer these questions based on a robust forecast of your benefits and expenses in retirement, reflecting your individual circumstances, commitments, dreams and ideas.

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MoneyBee Retirement Calculator

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  1. A RETIREMENT CALCULATOR YOU CAN LIVE BY www.moneybee.net All rights reserved © 2008-2020 MyVal LLC

  2. HOW MUCH DO I NEED TO RETIRE?WHEN CAN I RETIRE?HOW MUCH SHOULD I SAVE? These are complex questions. There are so many critical factors to consider – healthcare costs, home expenses, taxes, Social Security, pensions, Roth IRAs, 401(k) plans, life expectancy, inflation... VERY CHALLENGING This makes it challenging to estimate how much you need to save for retirement, when you can afford to retire and what quality of life you can afford when you do. DIFFERENT FOR EACH PERSON These interrelated factors are likely to be very different for each person. They follow complex rules and unique future growth patterns. All rights reserved © 2008-2020 MyVal LLC

  3. BEST PRACTICES www.moneybee.net Retirement is an important decision that should take into account all important aspects of your individual circumstances and utilize the best available models, research and practices. MoneyBee achieves that by providing detailed, reliable and accurate calculations - done behind a simple and intuitive interface In the next few slides we show the most important aspects of retirement planning, along with the best (and worst) ways to handle them in a retirement calculator. All rights reserved © 2008-2020 MyVal LLC

  4. HOME-RELATED EXPENSES &REAL ESTATE STRATEGY Home-related expenses are a major piece of the puzzle and everyone's circumstances and strategy are unique. That's why any effective retirement calculator must allow you to model them explicitly. MoneyBee provides the flexibility to model a wide range of real estate strategies, including future home purchases and sales. Get Started Now All rights reserved © 2008-2020 MyVal LLC

  5. INFLATION A major flaw of many calculators is not adjusting for inflation or assuming the same inflation rate will apply to all aspects of your life. MoneyBee allows you to specify different inflation rates for all items that are likely to grow differently. Get Started Now All rights reserved © 2008-2020 MyVal LLC

  6. SOCIAL SECURITYBENEFITS Another major concern is failing to project your Social Security benefits accurately and realistically. MoneyBee projects your Social Security benefits with the "intermediate" assumptions from the latest SSA Trustee's Report. Get Started Now Apart from rounding, MoneyBee should exactly match any SSA calculator on "future (inflated) dollars" basis, if using the same pay history. All rights reserved © 2008-2020 MyVal LLC

  7. SPOUSES Excluding your spouse from your retirement planning can also be a serious issue. On the surface, it may look like this is not a problem, especially if your spouse is not working. Not quite! MoneyBee allows you to enter your spouse's information separately from yours and performs the appropriate calculations. Get Started Now For example, it automatically makes sure there will be enough money for the rest of the life of the last survivor. All rights reserved © 2008-2020 MyVal LLC

  8. TAXES Many retirement calculators simply ignore the fact that our taxes will be very different in retirement than they are now. MoneyBee uses current tax rules to project your state and federal taxes in each year after retirement. Get Started Now While our tax projections are intentionally simplified, they do take into account all major pieces of the puzzle and should make for a reasonable tax allowance in most cases. All rights reserved © 2008-2020 MyVal LLC

  9. HEALTHCARE COSTS Healthcare is a major expense for most retirees. Still, most retirement calculators do not model these expenses separately. MoneyBee uses the appropriate current averages for you across all of these categories. Then it projects them forward with healthcare price and age inflation developed by our actuaries. Get Started Now All rights reserved © 2008-2020 MyVal LLC

  10. SPECIAL EVENTS Another important factor often neglected when planning for retirement is large one-off special events. This is particularly true of special events after retirement (expensive one-time surgeries, a two-year trip around the world, buying a boat, etc.), but it may also apply to pre-retirement events. MoneyBee allows you to specify an unlimited number of special events, each with its own start and end dates, and even its own inflation. Get Started Now All rights reserved © 2008-2020 MyVal LLC

  11. SECURE RETIREMENT AND FINANCIAL FREEDOM IS WITHIN YOUR REACH! www.moneybee.net Make more complete and reliable calculations based on your unique circumstances with Your retirement is not worth the risk. All rights reserved © 2008-2020 MyVal LLC

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