Take Control of Your Retirement: Calculate Your Score Today

Take Control of Your Retirement: Calculate Your Score Today

Planning for retirement can feel like navigating a maze. Where do you start? How do you know if you're on the right track? At Retired.com^[1], we're committed to simplifying this process. That's why we've introduced the Retirement Score^[2], a powerful tool designed to give you, in just five minutes, a clear snapshot of your retirement readiness.

What is the Retirement Score?

Your Retirement Score is a numerical representation of your progress towards achieving your unique retirement goals. Think of it as a financial health check-up, specifically tailored to your retirement aspirations. It's not just about how much money you have; it's about how effectively you're using your resources to build the retirement you envision. A higher score indicates a stronger likelihood of reaching your goals, while a lower score suggests areas where you might need to make adjustments.

How is the Retirement Score Calculated?

Our algorithm considers several key factors to calculate your Retirement Score, based on the answers you provide to the following questions:

1. Age: Your current age.
2. Retirement Age: Your desired retirement age.
3. Annual Income: Your current annual income.
4. Monthly Savings: Your total monthly retirement savings across all accounts (including 401k, IRA, etc.).
5. Rate of Return: The estimated rate of return on your current savings (0.1% to 10%).
6. Total Savings: Your total current retirement savings across all accounts.
7. Net Worth: Your current net worth.
8. Retirement Spending: Your estimated annual budget in retirement.
9. Current Assets: The types of assets you currently own (Stocks, Bonds, Cryptocurrency, Gold & Precious Metals, Real Estate, Startups, or None).
10. Desired Assets: The types of assets you are interested in owning (Stocks, Bonds, Cryptocurrency, Gold & Precious Metals, Real Estate, Startups, or None).

Based on this information, we calculate the following key metrics which contribute to your overall score:

• Total Saved at Retirement: This is the projected total amount of savings you'll have accumulated by your retirement date, reflecting the funds available to support your income needs throughout retirement.
• Monthly Retirement Income Ratio: This ratio shows the percentage of your desired monthly income that your retirement savings can support. Aim for a ratio close to 100% to ensure your retirement income covers your monthly needs.
• Monthly Savings Rate: This is the percentage of your monthly income that you currently set aside for retirement. A higher savings rate can significantly improve your retirement readiness.

Understanding Your Retirement Score:

The Retired.com scoring system provides a clear, structured way to assess your retirement preparedness. Here's a breakdown of the score ranges:

• Exceptional (800–850): You can feel confident that your savings, investments, and retirement plans are on track for a comfortable and secure retirement, with little need for significant adjustments.
• Very Good (740–799): You are well-prepared but may benefit from refining your strategy to optimize your financial position further.
• Good (670–739): You have solid foundations but may face some gaps in your planning or savings, requiring moderate adjustments to fully achieve your retirement goals.
• Fair (580–669): You are making progress but need to make more deliberate changes in saving or investing to improve your financial security in retirement.
• Poor (300–579): You are at risk of being underprepared for retirement and must take immediate action, such as increasing contributions, reducing debt, or revising investment strategies, to improve your chances of retiring comfortably.

Why Does Your Retirement Score Matter?

Your Retirement Score is more than just a number; it's a valuable tool that empowers you to take control of your retirement planning. It provides a clear picture of your retirement readiness, identifies areas for improvement, helps you track your progress, facilitates informed decisions, and allows for personalized guidance.

Getting Started with Your Retirement Score on Retired.com

Ready to discover your Retirement Score? Click here to begin the interactive questionnaire. Once you've provided the necessary information, your personalized Retirement Score will be calculated.

We encourage you to regularly review and update your information to ensure your Retirement Score remains accurate and reflects your current situation. Retirement planning is an ongoing process, and your Retirement Score is here to help you stay on track. If you have any questions or need assistance, our team is always available to help. At Retired.com, we're committed to your successful retirement.

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^1. Retired.com is a platform that connects clients with its affiliated entities, including Digital Trust, BitcoinIRA, WAO Advisory, Rocket Dollar Capital, and Rocket Dollar Advisor. While Retired.com facilitates connections to these services, it is not itself a custodian, digital wallet, exchange, broker-dealer, registered investment advisor, or a company involved in trading publicly traded assets.

All information provided is for educational purposes only and should not be taken as investment, legal, or tax advice. We encourage you to consult with a qualified advisor or professional to determine the most suitable options for your individual needs.

^2. The projections and information provided by the Retired.com Retirement Score tool are for informational and educational purposes only. They should not be construed as legal, tax, financial, or investment advice. This tool does not provide personalized investment recommendations, nor does it suggest specific investment actions or account types. The tool does not take into account your specific financial situation, objectives, or risk tolerance. It does not reflect actual investment performance, nor does it guarantee future results.

The tool allows you to explore hypothetical scenarios to help assess your retirement strategy, but the assumptions and methodology used are not tailored to any specific individual. Results may vary with each use and over time. All information, assumptions, and projections are hypothetical in nature and should be used as a general guide only. They are not guaranteed to be accurate, complete, or current. This tool should not be your sole resource when making financial decisions. Please consult a qualified financial or tax professional to address any questions specific to your situation.

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