Investments on Shine

Are online retirement calculators misleading?

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Image via Wikipedia

By Katie McCaskey, Geezeo.com

Ah, the idea of retirement in sunny Monte Carlo…. It appeals to many people. It almost doesn’t matter if you’re referring to the place on the French Riviera or the version in Las Vegas.

Isn’t that interesting, considering the vast differences between life on the Mediterraean Sea or The Strip?

So it comes as some delicious irony that the calculation used in many retirement calculators is an algorithm developed in the 1960s and called “Monte Carlo”. Monte Carlo is responsible for creating the data you get when you enter your age, expected retirement date, and current accumulated assets in any number of online calculators.

So what’s wrong with that? Well, potentially it means you could end up at what you consider the “wrong” Monte Carlo in retirement.

Following the Oracle

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Four lessons You Can Learn from Warren Buffett When in doubt — and there’s been a lot of that lately — what do you do? One option is to follow those who know what they’re doing, those who have a reputation for making the best of a bad situation.

How to get affordable and great art online

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Art is for everyone and can improve our moods in ways we cannot put a price on. The good news is, you can buy amazing art on any budget.

For some, picking up a poster at Ikea or spending fifty bucks on a framed photo at Crate and Barrel satisfies their desire for art at work or at home. And there’s nothing wrong with that.

But what if you fancy the idea of collecting contemporary art but simply do not have the financial wherewithal to flash the paddle at Sotheby’s?