Fort Lauderdale, FL– March 15, 2018 – Grant Conness and A. Montgomery Costa, Co-Founders of Global Wealth Management, a Fort Lauderdale-based financial planning firm, recently published an article on their website entitled “Why You Shouldn’t Always Depend on Retirement Calculators.”
Retirement calculators found online are convenient, but are they truly helpful? More importantly perhaps, are they accurate?
Those are two of the questions Costa and Conness discuss in this article. They say, “As with many things that seem too good to be true, this can often be the case with these retirement calculators as well. Sure, they might seem fail-proof and mathematically precise. However, their “accuracy” is also subject to user error.”
They follow up this commentary with some examples of how and when retirement calculators might not always provide the most accurate data. One point they make specifically, is if the wrong data is input into the calculator, wrong data could be the output.
Yet, they add, retirement calculators aren’t always completely bad or worthless. They can be a helpful guide when used properly and when accurate data is input into the calculator.
The article also gives the basics of how these calculators work and provide further information on how it is the assumptions that are critical and not the calculators per se. About this, they state, “People sometimes wonder, ask, or argue about which retirement calculator is best. However, that is usually not the most important issue. Usually, the critical factor to the accuracy of your retirement estimate is the assumptions used to get this estimate.”
The full article can be found here: https://askglobalwealth.com/why-you-shouldnt-always-depend-on-retirement-calculators/.
About Global Wealth Management (GWM):
Global Wealth Management (GWM) is an independent Fort Lauderdale-based investment management firm that specializes in retirement income and estate planning strategies for individuals and families planning for and living in retirement. Led by financial co-authors, radio talk show hosts and financial advisors A. Montgomery Costa and C. Grant Conness, the firm caters to a wide array of clients in South Florida and throughout the nation. Services provided by GWM include private asset management investments, retirement income planning, asset protection, income tax minimization strategies, risk management, guaranteed income solutions and alternative investments. GWM’s main office is located at 2810 East Oakland Park Boulevard, Suite 101, in Fort Lauderdale, FL, with convenient meeting locations by appointment only in Boca Raton, FL and Coral Gables, FL. For more information, call (954) 533-7144 or visit www.askglobalwealth.com.
To learn more about Grant Conness, A. Montgomery Costa, Amber Kelly and Global Wealth Management, please visit http://www.askglobalwealth.com
Securities offered only by duly registered individuals through Madison Avenue Securities, LLC (MAS), member FINRA/SIPC. Advisory services offered only by duly registered individuals through Global Wealth Management Investment Advisory (GWM), a Registered Investment Advisor. MAS and GWM are not affiliated entities. Investing involves risk, including the potential loss of principal. Any references to guaranteed lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.