ING has been advertising their retirement calculator a lot lately so I thought I would give it a try. The calculator is pretty simple. It just asks six questions:
How old are you?
Are you married?
What’s your current household income?
At what age do you plan to retire?
How much annual income will you need during retirement?
Provide income through what age?
Once you put in your answers to these it will give you a number. I wouldn’t put too much faith in that number though. Especially since your answers to the last two questions require some figuring on their own. If you are more than a few years away from retirement it can be difficult to determine how much income you will need during retirement. It is also hard to know how long you will need income. My suggestion is to plan to need income forever.
The calculator can at least give you a starting point. Check out the ING retirement calculator for yourself. If you would like to open an account with ING just click on the following affiliate link.
2 responses to “ING Retirement Calculator”
Today, millions of people prepare for retirement by setting aside money in 401(k) plans offered at work using companies like Hewitt Resources, Netbenefits or ING Retirement. On the surface, it seems simple enough. In your defined-benefit and defined contribution retirement plan, you and/or your company set aside part of your income that’s then invested to build your savings for the future. But beyond that basic premise, 401(k) plan facts differ greatly from company to company, which makes it essential to evaluate your plan and its options to make sure your plan will work for you.
In order for The Retirement Group to assist you with your retirement we are required to work with your company third party administrator. In most cases it is either Fidelity Netbenefits, ING or Hewitt Resources. Although The Retirement Group is not affiliated nor endorsed by Fidelity Netbenefits, ING or Hewitt Resources as a firm focusing in corporate transitioning employees we need to understand how these websites work so we can assist our clients working through the website and their retirement.
If you are looking for important ING Retirement planning, then at theretirementgroup.com we will help and give you the best suggestion till to get success.