So if you have ten client retirement plans, then it only takes a few minutes to update all of them to the newly updated
version of the retirement savings calculator.
-- Updates an older
version of the retirement savings calculator into the new version, by copying all inputs from old to new.
Call it this decade's
version of a retirement savings program.
Not exact matches
While this doesn't have to exist (we note in the USA, Uncle Sam will gladly collect what it is due from Social Security (the US
version of forced
retirement savings)-RRB-, it exists by default and so the lawmakers have to break it intentionally, which would be bad for their reelections.
Read the reports to get all the details, but the summary
version is that most teachers are making a bad trade — they suffer from low salaries while they work in exchange for the promise
of better
retirement savings when they leave.
The plaintiffs allege that because the plan sponsor imprudently and disloyally provided participants the much more expensive
versions of the plan's same mutual fund options during these dates, plan participants lost more than $ 12 million
of their
retirement savings.
So after you've input the Current
version, then it's only a few clicks to copy all
of that input data into the Proposed section
of the
retirement savings calculator.
Assuming you know the basics
of Excel, all it takes is reading the user's manual and collecting data from clients, and you can run the most robust multiple scenarios (Current vs. Proposed
versions) quicker and easier than any other
retirement savings calculator.