Retirement savings calculator

Retirement Savings Calculator. Find out if your monthly savings will ... Our exclusive Retirement Savings Calculator will help you estimate the future ...

Nationwide's retirement planning calculator is provided as a general self-help tool. The retirement savings calculator helps you assess your retirement savings needs.

Retirement savings calculator. by Bob on June 4, 2007. I found a couple calculators to help measure whether or not we are on track for our retirement goals. ...

Retirement Savings Calculator. Is it possible in this day and age to retire early? ... The resources here are designed to help with your retirement ...

Retirement savings calculator. Determine how much you need to save for retirement ... This retirement calculator will help you determine how much per year you need to save to ...

1. If you have earned income, which of the following retirement devices must you contribute to, by law? A. Pension plan B. IRA C. Social security (FICA) D. Vesting plan 2. Car insurance that pays for your injuries when you're in an accident in your car is _______. A. comprehensive B. liability C. medical D. collision 3. Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years? A. $3,800.00 B. $4,788.00 C. $5,472.00 D. $5,928.00 4. Which of the following devices imparts ownership in a corporation? A. Stock B. Bond C. Savings account D. U.S. Treasury Bill 5. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray's total cost? A. $10,938.00 B. $11,541.28 C. $11,547.00 D. $11,591.28 6. The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share? A. $25.00 B. $40.00 C. $400.00 D. $250.00 7. Which of the following is intended primarily to enhance a person's tax advantage and retirement income? A. U.S. Savings Bond B. Growth fund C. Money market fund D. IRA 8. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true? A. You made a profit of $75.00. B. You suffered a loss of $75.00. C. You made a profit of $705.00. D. You suffered a loss of $630.00. 9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car? A. Shop around for a car loan. B. Obtain car insurance. C. Study the car market. D. Test-drive the car. 10. Jane has a checkbook balance of $68.00. She then writes two checks, one for $5.00 and one for $62.50. She also deposits $75.00. She then uses her calculator to determine her new balance. Which of the following is the correct series of keys she should press? A. 6 8 + 7 5 - 5 - 6 2 . 5 0 B. ON/C 6 8 - 5 - 6 2 . 5 0 + 7 5 = C. 6 8 + 7 5 - 6 2 5 0 - 5 = D. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0 11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance. A. liability B. collision C. no-fault D. medical 12. On which of the following types of policies is it a certainty that the insurance company will have to make payment? (We have assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.) A. Life insurance B. Comprehensive car insurance C. Medical insurance D. Liability insurance 13. The major difference between a calculator and a computer, when performing calculations, is that a A. calculator is faster but needs more human assistance. B. calculator is slower and needs more human assistance. C. computer is faster but needs more human assistance. D. computer is slower but needs less human assistance. 14. Your _______ should furnish enough money to live on, in an emergency, for six months. A. investments B. savings C. interest D. IRA 15. Which of the following best describes term life insurance? A. The insured is covered during his or her entire lifetime. B. The insured pays the premium until his or her death. C. The insured pays a premium for a specified number of years. D. The insured can borrow or collect the cash value of the policy. 16. All insurance is based on a principle called A. premium earnings. B. investment premiums. C. division of risk. D. cash value coverage. 17. In a health insurance policy, a statement that an applicant won't be covered for a certain pre-existing condition is called a/an A. exclusion. B. supplement. C. waiting period. D. major medical coverage. 18. The coverage included in an automobile insurance policy that covers property damage is _______ insurance. A. supplemental B. liability C. major medical D. term 19. A master plan is devised for A. emergencies. B. investments. C. short-term goals. D. long-range goals. 20. A _______ is invested by managers in a diversity of stocks, bonds, and other securities. A. series EE bond B. promissory note C. preferred stock D. mutual fund

I am 23, turning 24 this year. I am a PhD graduate student and will be for another 3-4 years. I am paid a stipend of $24k/yr and my tuition and health insurance is covered as long as I'm in school. My FICO is 760. I have $16k in student loans from undergrad that are currently deferred until I'm finished with school. I have no credit card or consumer debt, never had. I have $4k in retirement funds and $2k in an emergency fund. My savings account should be up to $6k by December, unless something goes wrong. All this I have saved from my measely income for 2 years. I also own my car outright, paid for in cash. (In that timeframe I've also covered moving expenses and an apartment full of new furniture + electronics.) So I would say I'm pretty good with money for my age. My current rent is $675, nothing included. I'm wondering if it is smarter to buy. I will stay in the area for another 3 years, perhaps more if I decide to stay and work here after graduation. I have a good FICO score so I think I would get a reasonable rate (5.0%?). My credit report shows 5 years of history, all my accounts are in good standing, nothing negative. My available credit limit is approx. $10k and I never carry balances. In my area, I can get a 1bd/1ba condo for $100k, HOA fees approx $150/mo. If I apply for a 30yr mortgage, according to the calculators my monthly payment can range $530-730. I will only have the $6k from savings to put down though. But with Obama's $8k incentive.... do you think I should even be thinking about buying? I would just really like to have a "home" and not have to apartment-hop after every lease due to management, move furniture, not allowed pets or this or that anymore. Would they even look at me if I walked into a bank to ask about my loan eligibility? TIA. Advice from loan officers or those experienced in mortgages are greatly appreciated! I want to add that I would do the FHA.

1. If you have earned income, which of the following retirement devices must you contribute to, by law? A. Pension plan B. IRA C. Social security (FICA) D. Vesting plan 2. Car insurance that pays for your injuries when you're in an accident in your car is _______. A. comprehensive B. liability C. medical D. collision 4. Which of the following devices imparts ownership in a corporation? A. Stock B. Bond C. Savings account D. U.S. Treasury Bill 7. Which of the following is intended primarily to enhance a person's tax advantage and retirement income? A. U.S. Savings Bond B. Growth fund C. Money market fund D. IRA 9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car? A. Shop around for a car loan. B. Obtain car insurance. C. Study the car market. D. Test-drive the car. 11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance. A. liability B. collision C. no-fault D. medical 13. The major difference between a calculator and a computer, when performing calculations, is that a A. calculator is faster but needs more human assistance. B. calculator is slower and needs more human assistance. C. computer is faster but needs more human assistance. D. computer is slower but needs less human assistance. 14. Your _______ should furnish enough money to live on, in an emergency, for six months. A. investments B. savings C. interest D. IRA 15. Which of the following best describes term life insurance? A. The insured is covered during his or her entire lifetime. B. The insured pays the premium until his or her death. C. The insured pays a premium for a specified number of years. D. The insured can borrow or collect the cash value of the policy. 17. In a health insurance policy, a statement that an applicant won't be covered for a certain pre-existing condition is called a/an A. exclusion. B. supplement. C. waiting period. D. major medical coverage. 20. A _______ is invested by managers in a diversity of stocks, bonds, and other securities. A. series EE bond B. promissory note C. preferred stock D. mutual fund

Age 67, savings 400,000 dollars, need money to last 30 yrs How much can I withdraw every year at age 70

Is there a calculator online that will give a graph or chart to a user comparing whether it is better to pay off a mortgage early or to invest in retirement?

If you have earned income, which of the following retirement devices must you contribute to, by law? A. Pension plan B. IRA C. Social security (FICA) D. Vesting plan 2. Car insurance that pays for your injuries when you're in an accident in your car is _______. A. comprehensive B. liability C. medical D. collision 3. Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years? A. $3,800.00 B. $4,788.00 C. $5,472.00 D. $5,928.00 4. Which of the following devices imparts ownership in a corporation? A. Stock B. Bond C. Savings account D. U.S. Treasury Bill 5. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray's total cost? A. $10,938.00 B. $11,541.28 C. $11,547.00 D. $11,591.28 6. The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share? A. $25.00 B. $40.00 C. $400.00 D. $250.00 7. Which of the following is intended primarily to enhance a person's tax advantage and retirement income? A. U.S. Savings Bond B. Growth fund C. Money market fund D. IRA 8. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true? A. You made a profit of $75.00. B. You suffered a loss of $75.00. C. You made a profit of $705.00. D. You suffered a loss of $630.00. 9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car? A. Shop around for a car loan. B. Obtain car insurance. C. Study the car market. D. Test-drive the car. 10. Jane has a checkbook balance of $68.00. She then writes two checks, one for $5.00 and one for $62.50. She also deposits $75.00. She then uses her calculator to determine her new balance. Which of the following is the correct series of keys she should press? A. 6 8 + 7 5 - 5 - 6 2 . 5 0 B. ON/C 6 8 - 5 - 6 2 . 5 0 + 7 5 = C. 6 8 + 7 5 - 6 2 5 0 - 5 = D. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0 11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance. A. liability B. collision C. no-fault D. medical 12. On which of the following types of policies is it a certainty that the insurance company will have to make payment? (We have assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.) A. Life insurance B. Comprehensive car insurance C. Medical insurance D. Liability insurance 13. The major difference between a calculator and a computer, when performing calculations, is that a A. calculator is faster but needs more human assistance. B. calculator is slower and needs more human assistance. C. computer is faster but needs more human assistance. D. computer is slower but needs less human assistance. 14. Your _______ should furnish enough money to live on, in an emergency, for six months. A. investments B. savings C. interest D. IRA 15. Which of the following best describes term life insurance? A. The insured is covered during his or her entire lifetime. B. The insured pays the premium until his or her death. C. The insured pays a premium for a specified number of years. D. The insured can borrow or collect the cash value of the policy. 16. All insurance is based on a principle called A. premium earnings. B. investment premiums. C. division of risk. D. cash value coverage. 17. In a health insurance policy, a statement that an applicant won't be covered for a certain pre-existing condition is called a/an A. exclusion. B. supplement. C. waiting period. D. major medical coverage. 18. The coverage included in an automobile insurance policy that covers property damage is _______ insurance. A. supplemental B. liability C. major medical D. term 19. A master plan is devised for A. emergencies. B. investments. C. short-term goals. D. long-range goals. 20. A _______ is invested by managers in a diversity of stocks, bonds, and other securities. A. series EE bond B. promissory note C. preferred stock D. mutual fund

If you require a 9 percent return on your investments, which would you prefer? A.) $5,000 today B.) $15,000 five years from now C.) $1,000 per year for 15 yrs 2. The Mutual Assurance and Life Company is offering an insurance policy under either of the following two terms: A. Make a series of 12 payments of $1,200 at the beginning of each of the next 12 years (the first payment being made today) B. Make a single lump-sum payment today of $10,000 and receive coverage for the next 12 years If you had investment opportunities offering an 8 % annual return, which alternative would you prefer? 3. You decide to purchase a building for $30,000 by paying $5,000 down and assuming a mortgage of $25k. The bank offers you a 15-year mortgage requiring annual end-of-year payments of $3188 each. The bank also requires you to pay a 3percent loan origination fee, which will reduce the effective amount the bank lends to you. Compute the annual percentage rate of interest on this loan? 4. Construct a loan amortization schedule for a 3-year, 11 percent loan of $30k. The loan requires three equal, end-of-year payments. 5. ira investments develops retirement programs for individuals. you are 30 years old and plan to retire on your 60th birthday. You want to establish a plan with IRA that will require a series of equal, annual, end-of-year deposits into the retirement acct. The first deposit will be made 1 year from today on your 31st birthday. The final payment on the acct will be made on your 60th birthday. The retirement plan will allow you to withdraw $120k per year for 15 years with the first withdrawal on your 61st birthday. Also at the end of the 15 year you wish to withdraw an additional $250k. The retirement account promise to earn 12% annually. What periodic payments must be made into the account to achieve your retirement objective? 6. Crab State Bank has offered you a $1,000,000 5-year loan at an interest rate of 11.25 percent, requiring equal annual end-of-year payments that include both principle and interest on the unpaid balance. Develop an amortization schedule for this loan. 7. using an online mortgage calculator (see http://moyer.swlearning.com) solve for the monthly savings and the number of months it takes to recoup the refinancing costs in problem 34. Hint under the question “what will it cost you?” enter 2850 for “Other” and 0 for all other items Problem 34 (the Humphreys have 20 years remaining on their home mortgage loan. the loan balance is $125,000. the interest rate on the loan is 6.25 percent per year and their current monthly payment is $913.66. The Humphreys have been wondering if they should consider refinancing their mortgage loan as interest rates have fallen. After calling some banks Mrs. Humphreys found that she could get a loan for $125, 000mwith a maturity of 20 years at a rate if 5.1 percent per year. The refinancing will require that the Humphreys pay closing costs of $2,850. If the monthly savings in payments can be invested at 6 percent per year, would you recommend that the Humphreys refinance their home? Assume monthly compounding in solving this problem) 8. Use an online savings or retirement calculator (see http://moyer.swlearning.com) to solve the following problem: You are now 30 years old and would like to accumulate $2,000,000 in your retirement account at the age of 65. You currently have $50,000 saved in the retirement account. How much must you set aside at the end of each year over the next 35 years to attain your retirement goal if the account earns 6.5 percent per year? How much would you have to set aside each year if you currently have a zero balance in the retirement account? 9. Using one of the mortgage loan calculators available on the internet (see http://moyer.swlearning.com do a loan amortization for a $150,000, 30-year mortgage loan at a rate of 5 percent and answer the following questions? a.How much is the monthly payment? b.How much of the first payment (i.e., year 1, month 1) goes towards the interest? How much towards principal reduction? c.How much of the 180 payment (i.e., year 15, month 12) goes towards interest? How much towards principal reduction? d.What is the remaining balance on the loan at the end of the fifth year?

Here's the question: You made a registered retirement savings plan deposit of $1000 on December 1, 2008 at a fixed rate of 5.5% compounded monthly. If you withdraw the deposit on August 1, 2015, how much will you receive? Can someone give me step-by-step instructions on how I solve this with a business calculator (BA II Plus)? Thanks in advance.

Thinking about buying a condo with my fiancé in Los Angeles…Do you think we will qualify and about how much? His Score EX 750 Mine EX 710 No negatives INCOME Gross income combined is 51k My fiancé makes another 4k a year but is not reported or taxed…I know this won’t help us. EMPLOYMENT I am done with school and I am currently working in the same field I studied. I have been working with my current employer for a year and 3 months. Prior to that I worked at another company in the same field for 1 year. My fiancé has been at his employer for a year and 6 months. Before that he worked for a sporting goods store for 3 years. DEBT Together the only debt we have is a 239.00 monthly lease payment on my car. No school loans. We have plenty of Credit cards but all balances are very small and paid off every month if any. I also contribute $100 a month to a IRA retirement account. ASSETS 25000K in savings to spend on down payment AND closing cost. My fiancé has a 2006 truck with 15k mileage –Paid off… (I don’t know if that counts) I have been looking at those online mortgage calculators but I don’t know how true they are. Let me know what you guys think… THANKS!

Thinking about buying a condo with my fiancé in Los Angeles…Do you think we will qualify and about how much? His Score EX 750 Mine EX 710 No negatives INCOME Gross income combined is 51k My fiancé makes another 4k a year but is not reported or taxed…I know this won’t help us. EMPLOYMENT I am done with school and I am currently working in the same field I studied. I have been working with my current employer for a year and 3 months. Prior to that I worked at another company in the same field for 1 year. My fiancé has been at his employer for a year and 6 months. Before that he worked for a sporting goods store for 3 years. DEBT Together the only debt we have is a 239.00 monthly lease payment on my car. No school loans. We have plenty of Credit cards but all balances are very small and paid off every month if any. I also contribute $100 a month to a IRA retirement account. ASSETS 25000K in savings to spend on down payment AND closing cost. My fiancé has a 2006 truck with 15k mileage –Paid off… (I don’t know if that counts) I have been looking at those online mortgage calculators but I don’t know how true they are. Let me know what you guys think… THANKS!

Thinking about buying a condo with my fiancé in Los Angeles…Do you think we will qualify and about how much? His Score EX 750 Mine EX 710 No negatives INCOME Gross income combined is 51k My fiancé makes another 4k a year but is not reported or taxed…I know this won’t help us. EMPLOYMENT I am done with school and I am currently working in the same field I studied. I have been working with my current employer for a year and 3 months. Prior to that I worked at another company in the same field for 1 year. My fiancé has been at his employer for a year and 6 months. Before that he worked for a sporting goods store for 3 years. DEBT Together the only debt we have is a 239.00 monthly lease payment on my car. No school loans. We have plenty of Credit cards but all balances are very small and paid off every month if any. I also contribute $100 a month to a IRA retirement account. ASSETS 25000K in savings to spend on down payment AND closing cost. My fiancé has a 2006 truck with 15k mileage –Paid off… (I don’t know if that counts) I have been looking at those online mortgage calculators but I don’t know how true they are. Let me know what you guys think… THANKS!

Hi there, I'm currently in college and I'm going to be getting my first apartment in two years. I'm the type of person who likes to approach everything with a plan so I'm playing around with some financial calculators to find out how much rent I can afford with my expected starting salary. I need to know the average cost of the following things; -Average cost of heat, water, and electricity for 1 person living in a 1 bedroom. Location might make a difference so I'll mention that I'll most likely be living in Brooklyn, possibly Queens. -Internet and cable (I'm guessing $30 each?) -Groceries/eating out -Health insurance. I know it's different for everyone but I have no idea what range it's within. Then again I know health is often included in your salary with white collar jobs... Also, how wise would it be to consider getting renter's insurance? How much does it usually cost? here's a list of things I already know the expected cost of. If there's anything I might have overlooked just let me know. -public transit -credit card -clothes -retirement contributions -savings Also forgot to mention that I have an idea of my expected income taxes

married couple, 2 children, renting not buying a house, no savings, not retirement. Just to keepit simple. Tell me how much my taxes would increase or decrease under Obama's plan. I could not answer it because, I can not get enough information from his site. But, if you truly know what you are voting for you shoul have no problem answering this.I have looked all over and I can not get details on the Obama tax plan all he says is you will probably get a tax cut. Now, we know that people making way over 250k will be taxed more, but we have right to know how much more. Obama's site and calculator give no real information. This is so said 18 days from the election and people are voting for an Obama plan that has no details. It just states what he will do not how he will do it. I have tied the calculator and it was no help. Please help me Obama supporters. Thanks for the responses: But, I sill do not see an answer. How much would I save under Obama? How much more will I pay? Come on guys his plan is so detailed give me something. Maybe you could email this question to him. I would like to know? Ok, someone said 3 to 4% so lets go with that 251,000x.04= 10,040 in extra taxes now compare that with 249,000 and no or less taxes. That means I save over 10,000 dollars in taxes if I stay below $250,000 gross. So, it is clear as day, I have no incentive to break $250K. In fact if I am would be looking to lower my income as much as possible. I have no seen one once of proof that it would be on the amount over 250k. That can not be true if you look at information from the Obama campaign and can do basic math. You have been fooled, you need to start asking that man serious questions fast. http://www.washingtonpost.com/wp-dyn/content/story/2008/06/09/ST2008060900950.html This article in support of Obama show that what you say is a lie. The numbers do not add up that way. Do a little math and then go and ask Obama to tell the truth.

Assumptions Beginning Year2008 Current Age in Years18 Retirement Age in Years65 Savings Interest Rate (%/Year)10.00% Beginning Savings$5,000.00 Savings per Month$40.00 Please help me with this... I need to put this into excel FV calculator.. it asks for interest rate, NPR and PMT

My husband only works, I am a stay at home mother of four children ( I worked for 8 years as a lab manager before having children). How much should we be saving for retirement? He is 35 years old, I am 36 years old. We currently max out his 401K at 15% of his pre-tax salary. We also save 10% post tax into an annuity type account (life insurance also). When I use retirement calculators, they usually say we should be saving only 5% of our pre-tax income actually since we started at age 26 or so, but I believe that this is only for 1 person, and we are actually saving for both of us. The Yahoo retirement calculator says we should have $2,000,000 in all based on 8% return. Should this be $4,000,000 instead for 2? We have no debt except for a $70,000 mortgage with 9 years left. None of our friends or family save as much as we do, but are we really going overboard here with savings? Or is it better to save as much as we can now and ease up later when our children are in college? I guess I actually have two questions: With the retirerement calculators, they ask if you are married and if your spouse has any income, but are the totals for one person or two? Also, is a total savings rate of 25% totally off the mark (too much)? My husband thinks we are saving too much, I am very conservative! Thanks so far for all the answers. With all of our savings as is, and 4 young children with 1 income only, we really have no "disposable"spending money. Is cutting back to 10% for his 401K a good idea? Would our retirement still be "on course" for both of us? We never eat out, have not gone on vacation since we were married 10 years ago, his car is 9 years old and we would need to buy a new one soon, etc. He thinks we need to enjoy our lives now a bit more. We do also fund an HSA with about 4% pretax also each month! But we have no separate college savings plan yet. I thought that 529 plans only had state tax benefits, not federal currently?

For example, the calculator assumes a person would start drawing Social Security benefits at age 62. Can this calculator be modified or updated to show what the benefits would be if the person started taking benefits at age 67 (or any other age over 62)? It would be a more useful Yahoo users tool if this item could be updated.

5. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray's total cost? A. $10,938.00 B. $11,541.28 C. $11,547.00 D. $11,591.28 6. The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share? A. $25.00 B. $40.00 C. $400.00 D. $250.00 7. Which of the following is intended primarily to enhance a person's tax advantage and retirement income? A. U.S. Savings Bond B. Growth fund C. Money market fund D. IRA 8. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true? A. You made a profit of $75.00. B. You suffered a loss of $75.00. C. You made a profit of $705.00. D. You suffered a loss of $630.00. 9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car? A. Shop around for a car loan. B. Obtain car insurance. C. Study the car market. D. Test-drive the car. 10. Jane has a checkbook balance of $68.00. She then writes two checks, one for $5.00 and one for $62.50. She also deposits $75.00. She then uses her calculator to determine her new balance. Which of the following is the correct series of keys she should press? A. 6 8 + 7 5 - 5 - 6 2 . 5 0 B. ON/C 6 8 - 5 - 6 2 . 5 0 + 7 5 = C. 6 8 + 7 5 - 6 2 5 0 - 5 = D. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0 11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance. A. liability B. collision C. no-fault D. medical 12. On which of the following types of policies is it a certainty that the insurance company will have to make payment? (We have assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.) A. Life insurance B. Comprehensive car insurance C. Medical insurance D. Liability insurance 13. The major difference between a calculator and a computer, when performing calculations, is that a A. calculator is faster but needs more human assistance. B. calculator is slower and needs more human assistance. C. computer is faster but needs more human assistance. D. computer is slower but needs less human assistance. 14. Your _______ should furnish enough money to live on, in an emergency, for six months. A. investments B. savings C. interest D. IRA 15. Which of the following best describes term life insurance? A. The insured is covered during his or her entire lifetime. B. The insured pays the premium until his or her death. C. The insured pays a premium for a specified number of years. D. The insured can borrow or collect the cash value of the policy. 16. All insurance is based on a principle called A. premium earnings. B. investment premiums. C. division of risk. D. cash value coverage. 17. In a health insurance policy, a statement that an applicant won't be covered for a certain pre-existing condition is called a/an A. exclusion. B. supplement. C. waiting period. D. major medical coverage. 18. The coverage included in an automobile insurance policy that covers property damage is _______ insurance. A. supplemental B. liability C. major medical D. term 19. A master plan is devised for A. emergencies. B. investments. C. short-term goals. D. long-range goals. 20. A _______ is invested by managers in a diversity of stocks, bonds, and other securities. A. series EE bond B. promissory note C. preferred stock D. mutual fund

My student loan is ~$26,000 @ 4.125%. I am debt free except for my house, and I have a good start on my retirement fund. I am ready to start making extra payments each month towards my student loan of $500- $1000 each month. My monthly income varies, so I can not commit to an exact dollar amount each month. I also have a savings account that is currently paying 5.20%apy or 5.16% per month. As long as this rate stays at this range, am I better off putting my extra payments into the savings account until I have enough to pay off my student loan? My thinking on this is that the student loan is tax deductible and the savings is paying more than the costs of my loan. I am very strict about not dipping into accounts that are earmarked for other things, but if I did put the money into the savings, it would give me a buffer in case I had a bad month financially with income flow. I am in the 28% tax bracket. Anyone have a calculator that calculates paying off debt vs investing

I would like to know the pros and cons of putting money into my 401K versus paying off my house early. I am 49 and contribute 15% into a 401K. If I used that money to make double payments on my house, it would be paid off in less than 6 years. At that point, I could contribute from age of 55 until retirement my 15%, 5% catch up contributions and put additional savings in an IRA. Using 401K calculators it appears I would end up with about the same amount of money in my 401K at retirement.

Does anyone know an equation or a website with a calculator to determine savings based on a weekly contribution to an account with a fixed rate of weekly compounding interest. Example: 50 a week into an account with 15% interest over 30 years = ?

I'm 34 years old and have saved over $80,000 so far in a 401k, IRA, and Roth IRA. I'm putting 20% into my 401k, my employe is matching 4.5%, so that's around $14,000/yr. I'm also putting $4000/yr into a Roth IRA, and $300/mo into my emergency fund which has almost $18,000 (savings). I'm being very aggressive right now, because I feel like I might be behind on my retirement savings, but it's hard to tell. I've used retirement calculators but never know if I can count on them.