Definitions:
Current age - Your current age.
Age of retirement - Age you desire
to retire.
Household income - Your total household
income. If you are married, this should include your
spouse's income.
Current retirement savings - Total
amount that you currently have saved toward your retirement.
Include all sources of retirement savings such as 401(k)s,
IRAs and Annuities.
Pre-retirement rate of return - The
annual percent you expect to earn on your investments
before you retire.
Post-retirement rate of return - The
annual percent you expect to earn on your investments
after you retire.
Percent of income to save - The percentage
of your annual income you will save for your retirement
goals.
Expected salary increase - Annual
percent increase you expect in your household income.
Years until retirement - Number of
years before retirement.
Years of retirement income - Total
number of years you expect to use your retirement income.
Percentage income desired - The percent
of your household income you will need to have in retirement
income.
Are you married? - Check this box
if you are married. Married couples have a higher maximum
social security benefit than single wage earners.
Include social security? - Check this
box if you wish to include social security benefits
in your retirement planning.
Loan Application
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