What is the best retirement calculator
Find out the best retirement calculator ever right here on this episode. Then download your FREE Queer Money Kickstarter, a 9-step Guide to Kickstart Your Journey to Financial Independence.
How the best retirement calculator can help compare several different scenarios
Most online retirement calculators are vague and leave you with more questions than answers. But Lauren Boland has developed what we believe is THE best retirement calculator EVER, a tool that will clarify how to plan for a secure future. Lauren is a tech genius with experience working for Deloitte, Lockheed Martin, and The Motley Fool. She has spent many years working on the cFIREsim retirement calculator, which is good.
On this episode of Queer Money®, Lauren joins us to explain why retirement planning is challenging for people, especially those of us in the LGBTQ+ community. Lauren discusses why it’s important for queer folks to be authentic to ourselves as we plan for retirement and describes how her cFIREsim differs from standard retirement calculators.
Listen in as Lauren walks us through a sample simulation on her retirement calculator and learn how to leverage the cFIREsim to plan a retirement that works for you!
Listen to get insight on the best retirement calculator
Topics covered on the best retirement calculator
- Why retirement planning is so hard for people, especially the LGBTQ+ community
- The benefit of the requirement for employers to auto-enroll all new hires in employer-sponsored retirement plans
- How the discourse around what retirement should look like has expanded in the last few years
- Why it’s important for the queer community (especially trans folks) to be authentic to ourselves as we plan for retirement
- How retirement planning can serve as an act of resistance for the LGBTQ+ community
- What inspired Lauren to build the cFIREsim, and how it differs from standard retirement calculators
- How Lauren’s retirement calculator allows us to compare several different retirement scenarios
- Examples of how to use Lauren’s calculator to run retirement simulations and read the results
- How to add adjustments for part-time work, small businesses, or real estate investments in Lauren’s retirement calculator
- How to save your simulations in Lauren’s retirement calculator for future reference
Resources on the best retirement calculator
- Lauren on Queer Money EP442 on YouTube
- My Social Security Account on SSA.gov
- Detransition, Baby by Torrey Peters
- 2023 Motley Fool|Debt Free Guys LGBTQ+ Money Study
- Michael Kitces’ Article on Retirement Simulations on Kitces.com
- Mike Piper on Queer Money EP416
- CreditWise
Connect with Lauren
- cFIREsim
- cFIREsim on X
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on Twitter
- Debt Free Guys on Youtube
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on Apple Podcasts
- Email [email protected]
Watch this week’s episode on the best retirement calculator
Previous 3 Podcast Episodes
- How Values-Based Investing Yields Better Returns
- How LGBTQ Solo Agers Can Retire Successfully
- The 2023 Motley Fool/Debt Free Guys LGBTQ Money Study
We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com), and the Queer Money® podcast hosts. We help queer people (and allies) live fabulously, not fabulously broke, by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.