New Reality-Based Retirement Planning Tool Announced
Muskegon, Michigan (ContentDesk) March 9, 2006 -- A new retirement planning tool, available at www.reverse-mortgage-information.org , may help baby boomers and others more realistically plan for their retirement.
Retirement plans and retirement planning models typically assume that households have the same spending needs at age 85 as they do at age 65 only worsened by the eroding effects of inflation.
Even with modest inflation assumed, the result can be a retirement savings goal that seems discouragingly unattainable.Yet government data and research clearly show that spending actually decreases throughout retirement.
As people age, there is a pronounced tendency to spend less. For example, U.S.
Bureau of Labor Statistics data show that retired households age 75 and over spend less than younger retirees in every category of spending except healthcare (U.S. Bureau of Labor Statistics, Report 986, June 2005). During the early years of retirement, spending tends to rise as vacations, new cars, and other long-delayed rewards are purchased, says Tim Paul, president of Sagetips, LLC.
However, after several years in retirement, spending tapers off particularly for things like entertainment and transportation. The Reality Retirement Calculator allows retirement planners to take this essential fact into account.
The result is a more realistic retirement plan that, while recognizing the effects of inflation, also takes into consideration the natural tendency for retirees to spend less as they age.
Users often find that projected retirement needs using the reality approach are 20% to 30% lower than with traditional retirement planning models. Clearly, this has important implications for anyone considering a reverse mortgage as part of their retirement planning, Paul notes.Of course no retirement calculator can substitute for a detailed retirement plan prepared after consultation with a qualified financial planner.
The Reality Retirement Calculator is available at http://www.reverse-mortgage-information.org/retirement-calculator.php. The calculator is also freely available for downloaded.Corporate informationSagetips, LLC owns and operates websites providing independent information on specific personal finance issues including reverse mortgages (www.reverse-mortgage-information.org) HELOC loans (www.sagetips.com ) and colleges savings reward credit cards (www.529rewards.com ).Press Contact: T.J. PaulCompany Name: Sagetips, LLCWebsite: http://www.reverse-mortgage-information.org.
First time home buyers can find national and local mortgage lenders online
If you're a first time home buyer, you might be intimidated by looking into home loans. There is a wealth of information online and offline to help you learn about the home loan application process, but you must know how to sift through all the information. So, where do you get started? Comparing home loan resources.Brokers and bankers are looking for your businessFirst time home buyers should know that there are many banks, brokers and mortgage companies waiting to take their business. In fact, almost anyone who wants to purchase their own home can get a home loan, if they have access to the right consumer information.The most important part of the process is your credit history and the amount of down payment that you can provide. These two pieces are critical because they will determine the type of interest rate that you are offered.Another consideration is that local resources can provide a personal touch with face-to-face meetings, but national mortgage lenders have a much wider...
First time home buyers can find national and local mortgage lenders online
Mortgage calculator > First time home buyers can find national and local mortgage lenders online
FinanceNewsToday.com Adds Financial Calculators to Its Website
Johnsonville, SC (ContentDesk) February 14, 2006 -- Many people everyday use the internet to search for personal finance related information and tools to no avail. In addition to providing constantly updated financial news and money saving tips, Finance News Today has added a extensive list of financial calculators to its website covering a broad range of personal finance issues.One of our largest collections due to the vast array of information available is our mortgage calculators. We provide you are looking for a calculator for mortgage tax savings to comparing bi-weekly mortgage payments and monthly mortgage payments to a renter mortgage qualification calculator. Here is a list of our mortgage calculators:"???Mortgage Tax-Savings Calculator"???Adjustable Rate Mortgage Calculator"???ARM vs Fixed Rate Mortgage Calculator"???Bi-Weekly Vs. Monthly Loan Calculator"???Mortgage Refinancing Calculator"???Mortgage Consolidation & Refinancing Calculator"???Mortgage Payoff Goal Calculator"...
FinanceNewsToday.com Adds Financial Calculators to Its Website
Mortgage calculator > FinanceNewsToday.com Adds Financial Calculators to Its Website
Amortization Schedule Calculators
The following are some of the best and most popular amortization schedule software applications, and websites that offer web-based amortization schedule tools on the Internet.
Bankrate.com (http://www.bankrate.com/brm/amortization-calculator.asp) has an amortization schedule calculator that calculates your monthly mortgage payment and shows you the impact of extra mortgage payments on your loan and creates an amortization table. You have to enter the mortgage amount, mortgage term, interest rate, mortgage start date and monthly payments in the input boxes before your amortization schedule can be generated.
Loanamortizer.com is a loan amortization and loan management software website. It offers a downloadable evaluation product called LoanAmortizer (http://www.loanamortizer.com/_en/download/). The application utilizes features such as drop-down menus to enter details such as amortization method, contract date and interest rate types to calculate amortization...
Mortgage calculator > Amortization Schedule Calculators
Free Mortgage & Mortages Information and Where to Find Mortgage Broker
(ContentDesk) October 13, 2005 -- A mortgage broker is an individual or a company that acts as a bridge between borrowers and lenders bringing them together for loan orientation. In a sense the mortgage broker acts as a common agent between the borrower and the mortgage company.Finding the right mortgage solution and the right mortgage vendor in this jungle of competition is a bit difficult for an individual who is relatively new to the mortgage loan scenario. Here's where the mortgage broker with all his expertise and experience comes into play. A mortgage broker for a minimal cost (in most cases the brokers charge only after the deal is fixed) will help you locate the right mortgage service and in many cases will give you valuable tips regarding the type of loan you should go for. A mortgage broker has access to hundreds of mortgage lenders and can also provide you with statistics and comparisons regarding various lenders something which is very important while selecting a mortgage...
Free Mortgage & Mortages Information and Where to Find Mortgage Broker
Mortgage calculator > Free Mortgage & Mortages Information and Where to Find Mortgage Broker
Mortgage calculator
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