Retirement Estimator for Farm Families

Whether you are thinking of retiring gradually or about taking the big step all at once, you may wonder whether you can afford to retire. The Retirement estimator for farm families can help guide through that decision making process.

This tool evaluates your financial readiness for retirement.

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Content Developed By: Sharon DeVaney, Janet Bechman, and George Patrick.
Web Development by Agriculture Information Systems, Purdue University.
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Financial Security: Retirement Planning

retired couple

Planning for retirement is a challenge for everyone. Again, the earlier you begin, the longer you will have to accumulate funds and capitalize on compound interest. A plan designed to meet specific retirement goals may be separate from or part of the investment building block.

Some people have given a great deal of thought to retirement, but others have not. Less than half (42%) of working Americans have made a retirement savings calculation, according to the 2006 Retirement Confidence Survey, …