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A Comprehensive Retirement Financial Planning Tool

Author

Listed:
  • Terrance Jalbert
  • Jonathan D. Stewart

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.

Suggested Citation

  • Terrance Jalbert & Jonathan D. Stewart, 2022. "A Comprehensive Retirement Financial Planning Tool," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 15(1), pages 47-76.
    • Handle: RePEc:ibf:ijmmre:v:15:y:2022:i:1:p:47-76
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Financial Modelling; Retirement Planning; Personal Financial Planning;
    All these keywords.

    JEL classification:

    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • D10 - Microeconomics - - Household Behavior - - - General
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General

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