About the RetirAbility Check tool in the upper left
October 24th, 2006 | by mbhunter |It’s a calculator to help you see where you stand now in your preparations for The Golden Years.
The RetirAbility CheckSM tool, sponsored by Nationwide, asks you a short series of questions, evenly split between yes/no questions to ballpark dollar amounts for components of your net worth (savings, investments, debt, income, equity, etc.) Most of the figures you’ll be able to get off the top of your head. Along the way, you’ll get some interesting statistics on 401(k) participation, savings, pensions, debt, home ownership, and other topics. Additionally, there will be responses that
After you answer the questions (anonymously) you’ll get a score that serves as a gauge for how well you’re on track for retirement. The tool rolls all of your responses to estimate what percentage of your current standard of living (translated to dollars) you’ll be able to support when you retire.
Plus, if you’re curious (I was) you can check to see how other folks in your age group responded and what their scores were. (Again, there’s no personally-identifiable information transferred.)
The tool uses Flash 8. There were a few hiccups over my broadband connection, but not too many. You might experience more sluggishness over dial-up, depending on whether the tool can detect your connection speed or not. If you try it over dial-up, let us know how you fared!
For the investment of about 15 minutes or so (more if you need to pull out your statements), you’ll get advice you can use as a start to opening up discussions about financial planning — or at least as either a wake-up call or confirmation of what you already know.
You can get started by clicking on the bright happy box in the upper left!
2 Responses to “About the RetirAbility Check tool in the upper left”
By Golbguru on Oct 25, 2006 | Reply
I checked my score and got a 100. Honestly, that is not good because I have done absolutely nothing as far as my retirement is concerned. It almost felt sarcastic. So I am going to disregard that score for now and work a bit harder towards my retirement.
By mbhunter on Oct 26, 2006 | Reply
If you have a score of 100 you must be doing something right. Lack of debt maybe? Some savings?