|
Business
As a part of your retirement planning, have you thought about a retirement job?
Continued income from a post retirement job can have a very substantial positive impact on your retirement finances.
Let’s do a fast calculation and see the impact of an after retirement job on your retirement finances. Let’s calculate the amount of investment that you need to generate a monthly income of $1,000 per month.
To do this we need to make a few assumptions. Assume the income generation rate of your investments is five percent (5%). Let’s assume that we are not going to take any principle from your investments to do this. This will leave the principle intact for use later after you have stopped working in your retirement job.
Business - All business/finance/loan/mortgage related link can be found here
more 1 2 3 4 5
Computers - All computer hardware/software/peripheral related link can be found here
more 1 2 3 4 5
Internet - All webhosting/webdesign/internet marketing related link can be found here
more 1 2 3 4 5
Software - All software related link can be found here
more 1 2 3 4 5
Web Design - All web design/development related link can be found here
more 1 2 3 4 5
Web Hosting - All web hosting related link can be found here
more 1 2 3 4 5
Web Promotion - All search engine optimization/internet marketing related link can be found here
more 1 2 3 4 5
Web Resources - All other web related link can be found here
more 1 2 3 4 5
Recreation - All travel/hotel/cruise related link can be found here
more 1 2 3 4 5
Casino - All online gambling/poker/blackjack/roulette related link can be found here
more 1 2 3 4 5
Health - All online pharmacy/hospital/health related link can be found here
more 1 2 3 4 5
Shopping - All online shopping/gift related link can be found here
more 1 2 3 4 5
Miscellaneous - All other links can be found here
more 1 2 3 4 5
The calculation is how much principle is needed to generate $12,000 per year ($1,000 per month). The formula is principle divided by the income interest rate ($12,000/.05 = $240,000). I think you will agree that is a large amount necessary to generate $1,000 of income per month.
However, a thousand dollars per month is not too large an amount to expect to make in a retirement job and just look at the impact that it has on preserving your retirement investment.
Three retirement calculators on the Net that include income from work after retirement in the calculations are the AARP Calculator, the Employee Benefit Research Institute Calculator, and the MSN Calculator. The MSN calculator is especially easy to use and is very visual so you can see the results as you change the variables.
|
