Retirement calculated on Internet
Photo credit: Handout | Steve Vernon, a columnist with CBS MoneyWatch, says people often underestimate their ongevity and overestimate their investment returns.
Those who use Internet financial calculators to see if they will have a secure retirement know this feeling: Inputting your data on one site elicits a jubilant "yippee." Plug in the same data on another site and you're saying "yikes."
The variation in results can be attributed to different assumptions and defaults built into each calculator. Results can differ because calculators do not ask...
