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Phillip Hammond (Chancellor) will today have his first opportunity to outline his priorities for taxes and spending in the wake of the Brexit vote. The Office for Budget Responsibility (OBR), the Government’s fiscal watchdog, will also reveal its latest...
Most home buyers will usually contact us asking about life assurance when they arrange a mortgage, but only a small minority obtain any other form of financial protection which they are 5 times more likely to need before they reach retirement. Even more worrying is...
I should be saying how does that feel? At the time of writing with only a small handful of states left to be counted it’s looking more likely Donald trump will become the 45th president of the United States. I hear you ask, how does this happen? Like our recent Brexit...
Santander said the changes were being made ‘due to the market expectation of interest rates staying lower for longer’ They are reducing the rate on the popular 123 current account which will affect more than half a million savers. From today, account holders will see...
This calculator easily answers the question "Given the value of my current investments how much do I need to save each month to reach my retirement goal?"
The user enters their "Current Age", there expected "Retirement Age", the "Annual Interest Rate (ROI)" (annualized Return on Investment one expects to earn) and "Amount Desired At Retirement".
The calculator quickly calculates the required monthly investment amount and creates an investment schedule plus a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.
If you need a more advanced "Retirement Calculator" — one that calculates many more unknowns and one that calculates assuming retirement income and not a final lump sum then try the calculator located here: https:/financial-calculators.com/retirement-calculator
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