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README.TXT
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1990-10-15
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Retirement QUICK-MONITOR
Ver. 1.0
Copyright 1990 Rod Hoisington
PO Box 839
Key Largo, FL 33037
HERE'S THE PROBLEM -
Many people don't realize until it's too late that their
retirement assets are not going to cover their retirement
needs.
Lack of planning will obviously lead to this problem --
also the unexpected effect of INTEREST and INFLATION rate
changes can destroy retirement plans.
HERE'S THE SOLUTION -
Successful retirement planning is a process of estimating and
then projecting retirement income and expenses periodically
using various interest and inflation rate assumptions...
...It's never too early to start.
HERE'S WHAT THIS PROGRAM DOES -
Retirement QUICK-MONITOR calculates and displays the SAVINGS
necessary for you to retire at EVERY age between 30 and 90, and
for any interest and inflation rate combination.
The key to your comfortable retirement is to be able to forecast
what your savings might be with different combinations of interest
and inflation rates; the best case, the worst case, the most likely,
the least likely.
And then, keep monitoring your nestegg as conditions change.
There's the problem, and the solution...and now you have the
software that can do it.
This program forecasts and monitors the effect of interest and
inflation rate changes on retirement nesteggs. It displays
the results of changing INTEREST rates affecting EARNINGS, while
changing INFLATION rates are affecting EXPENSES.
HERE'S THE FINANCIAL INFORMATION YOU'LL NEED -
Retirement QUICK-MONITOR is not intended to be a complete
financial planning program. Its specialty is the handling of
the interest/inflation problem and for that it requires three
amounts:
1. Your estimate of INCOME you'll have after you retire,
2. An estimate of EXPENSES you'll have after you retire,
3. The amount of your PRESENT SAVINGS.
If you don't already have these totals don't worry, the program
will help you...
A. You can FIND OUT the amount to expect as retirement
income (estimates are available from the Social
Security Administration, employers and plan
administrators),
B. You can ESTIMATE your expenses after retirement (the
program shows you how.)
C. You probably KNOW the amount of your savings (the
program will help you total up.)
The first two screens in the program consist of brief worksheets
to assist you in arriving at and totaling these three aggregate
amounts.
The third and final screen lets you see in one continuous display
the earliest date you can retire with your present savings, and
the amount required to retire at every age to age 90. All ages
are seen at once. Then, with a keystroke, it quickly retabulates
with a different combination of interest/inflation rates.
Also displayed is the lump-sum amount, the annual deposit, and the
monthly savings deposit required to reach your target nestegg.
The amount of savings you're going to need may surprise you. But
the earlier you determine your required nestegg the better.
PROGRAM ASSUMPTIONS AND LIMITATIONS -
Three assumptions are necessary to provide realistic results.
1. To avoid the tragedy of outliving your income, your life
expectancy is assumed to be 90 years. All calculation are made
from your present age to age 90. In other words, if the program
says you need an additional $50,000 to retire at age 60, that's
the additional amount needed to cover all of your retirement
expenses from age 60 to age 90.
2. The Cost Of Living Adjustment (COLA) for Social Security,
those pension plans which use COLA (many don't), and variable
annuities tends to run about 80% of the inflation rate. So the
program sets all COLA at 80% of the assumed inflation rate.
3. Due to many obvious unknowns this program doesn't adjust for
state and federal income taxes. It's assumed that taxes are paid
out of other funds.
Also note that current Social Security regulations call for
gradually increasing the full-benefit retirement age to age 67.
This software rounds to the nearest year. So if you will reach
age 62 after 2002 consider your normal retirement age to be 66;
if you will reach age 62 after 2019 your normal retirement age
will be 67. You don't need to worry about this as the program
automatically makes all necessary Social Security adjustments.
This software provides for early Social Security benefits starting
between age 62 and your normal retirement age (65, 66 or 67), with
COLA included in the calculations starting with your normal
retirement age.
MORE FEATURES -
This is a stand-alone program featuring attractive screens,
scrolling menus, and pop-up help windows. Although designed for
easy personal forecasting, the speed and graphics make it suit-
able for laptop use by financial planners in front of clients,
or for office use to answer client "what ifs" quickly and easily.
Up to 18 different versions of your plan can be saved for quick
recall. Data in the versions can easily be erased and the
version reused. Or, alternately, the data files (4) can be
renamed using DOS, in which case there is no limit to the number
of data file sets that can be saved. (RQM data files are
identified with the *.DAT extension as explained below).
Plans can be saved, and the attractive printed output can be
customized with fields indicating for whom the report was prepared.
A sample plan and forecast is built in as a menu selection so you
can become familiar with the program within minutes without having
to enter your own data.
The author is a former tax accountant with a background in
securities, insurance and education. He has seen the unfortunate
results of inadequate retirement planning and the misplaced re-
liance on Social Security and private pension plans -- substantial
personal savings are usually required as well.
Start early, monitor often, and gain a comfortable retirement.
REQUIRED HARDWARE
> IBM PC or compatible computer.
> 256k bytes of RAM memory.
> One floppy disk or a hard drive.
> Monochrome monitor.
> A dot-matrix or laser printer is a
desirable addition for print-outs
of the plan versions created.
REQUIRED SOFTWARE > DOS 2.1 or higher.
REQUIRED FILES
This disk contains version 1.0 of Retirement Quick-Monitor,
dated 10-22-90. This disk should contain the following files:
README.TXT - This introductory text
RQM.EXE - Main program
RQM1*.FRM - Program overlay
RQM2*.FRM - Program overlay
RQM3*.FRM - Program overlay
RQM4*.FRM - Program overlay
RQMSMPL1.DTA - Sample data file
RQMSMPL2.DTA - Sample data file
RQMSMPL3.DTA - Sample data file
RQMSMPL4.DTA - Sample data file
RQM1*.DAT - These four USER DATA files are
RQM2*.DAT - created by the program when it is
RQM3*.DAT - first run. Old .DAT files can be
RQM4*.DAT - erased or renamed by using DOS to
make room for new.
GETTING STARTED
Make a backup copy of the program disk.
To use this program from your disk drive:
1. Place the disk in drive A
2. Type: A: and then press ENTER
3. To start the program, type: RQM
and then press ENTER
NOTE: The main program file, RQM.EXE, and all of the
above listed files must be on the same disk.
For faster processing, you can load this program onto your
hard disk.
To install on a hard disk:
1. Change to the drive and subdirectory onto
which you would like install the program.
2. Place the disk in drive A
3. From the DOS prompt on your chosen drive,
type: COPY A:*.* and then press ENTER
4. To start the program, type: RQM and
then press ENTER
NOTE: The main program file, RQM.EXE, and all of the
above listed files must be in the same subdirectory.
DISCLAIMER
This software is provided "AS IS," there are no warranties,
expressed or implied, including but not limited to the implied
warranties of performance, mechantability, or fitness for a
particular purpose, and all such warranties are expressly and
specifically disclaimed. The accuracy of this software cannot
be guaranteed. In no event will the Author be liable for any
damages, including any lost profits, lost savings or other
incidental or consequential damages arising out of the use or
inability to use such software even if the Author has been
advised of the possibility of such damages or claims. This
disclaimer shall be governed by the laws of the State of
Florida and shall inure to the benefit of Rod Hoisington, his
successors, administrators, heirs and assigns.
USER-SUPPORTED
This program has been placed in circulation under
the "SHAREWARE" concept. Copyright 1990 by Rod Hoisington,
all rights reserved. Although it is protected by copyright,
you are encouraged to try it out, copy it, and pass it around
freely. If you like it, and use it, then a Registration Fee
is requested.
The Registration Fee for this software is $35. You
will also want to register so that you will receive:
> A registered copy of the next updated version (5 1/4" disk)...
> Notices of updates, upgrades, enhancements and
other programs...
> Technical support from the author.
--------------------------------------------------------------
Retirement QUICK-MONITOR Registration Payment Form
--------------------------------------------------------------
The Registration Fee for this software is $35. Like all
good software, this program is improved and and upgraded
from time to time. By registering you will receive a copy
of the next version (5 1/4" disk), notices of updates,
upgrades, enhancements and other programs, and technical
support from the author.
NAME __________________________________________ DATE _________
ADDRESS _______________________________________
CITY,STATE,ZIP ________________________________
TELEPHONE (w/Area Code) _______________________
WHICH VERSION OF RETIREMENT QUICK-MONITOR ARE YOU
PRESENTLY USING? Ver#___.__
WHAT MAKE/MODEL COMPUTER DO YOU USE? __________________________
HOW DID YOU OBTAIN THIS COPY OF THIS SHAREWARE? _______________
_______________________________________________________________
Please mail your check or money order for $35
TO:
Rod Hoisington
PO Box 839
Key Largo, FL 33037
THANK YOU 102210
________________________
COMMENT FORM
________________________
Your comments regarding this software are welcome.
Please fill out this form or write me with your comments.
Name _______________________________________________
Address ____________________________________________
City,State,Zip _____________________________________
Retirement QUICK-MONITOR Ver. # _____ Date __________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
Please mail comments to:
Rod Hoisington
PO Box 839
Key Largo, FL 33037
Suggestions for improvements are welcome. If your suggestion is
used, you will receive a free updated version which incorporates
your suggestion.
Please share this disk with others. Thank you.
Copyright 1990 Rod Hoisington
This text can be printed with the command COPY README.TXT PRN