Listen, some of us are good at math some of us are not, thankfully we have calculators to help us. The MO Deferred Comp Plan has several calculators available to help you at every stage in your career. The RetiremenTrack Calculator for example can estimate your future income in retirement taking into consideration your defined benefit pension, social security income and your personal savings from deferred comp and other savings sources, showing you the big financial picture for your retirement. The Grow Your Retirement Savings calculator is perfect for employees as it can estimate your balance at retirement based on your contribution amount. Plus, it breaks down your balance to show you how much you could potentially withdraw each year in retirement. You'll also find calculators that can convert your dollar contribution into a percentage contribution amount, estimate your RMDs, determine if Roth is right for you and much more. Visit modeferredcomp.org to find these easy to use and award-winning tools that can help you measure twice, retire once.
