3 Problems I Have With Retirement Calculators
You'll often hear that it's important to build yourself a solid nest egg for retirement. And if you've been steadily pumping money into an IRA or 401(k) plan for that purpose, you may reach the point where you're wondering: "Am I on track?"
The good news is that there are numerous online tools that can tell you that. Just do a search for "retirement calculator," and you'll get different options for plugging in numbers to see how your IRA or 401(k) plan balance stacks up.
But while those tools may seem helpful at first, they tend to have their share of shortcomings. Here are a few reasons I don't like them at all.
Source Fool.com
