A COMPREHENSIVE RETIREMENT FINANCIAL PLANNING TOOL

Terrance Jalbert and Jonathan D. Stewart

International Journal of Management and Marketing Research, 2022, vol. 15, issue 1, 47-76

Abstract: Financial planning makes up an essential element of any retirement plan. Assuring availability of sufficient resources to meet uncertain future needs requires careful planning. Advisors supply assorted tools and advice to assist in this process. This paper presents a comprehensive planning tool to aid potential retirees in developing their financial plan. The tool evaluates the financial picture of individuals annually throughout their retirement years. The analysis goal is accommodating a long retirement, with income that increases at the rate of inflation, achieved by using all assets available and without exhausting the portfolio. The tool provides a starting point for users to responsibly assess their financial future in retirement.

Keywords: Financial Modelling; Retirement Planning; Personal Financial Planning (search for similar items in EconPapers)
JEL-codes: C60 D10 G17 M41 M50 (search for similar items in EconPapers)
Date: 2022
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