“There are four different calculators organized according to the following topics: Real Estate, Retirement, Planning and Investing. This article gives a background of the different sections of Cnn money calculator:
There are 384 markets tracked and presents a general overview for the market by year 2012. In the US, the national home median price is expected to rise by as much as 4%; however, predictions can be calculated according to the state and city. There are also calculators that can be used to figure out how much house you can afford, estimate monthly payments and perform a renovation computation using renovation wizard.
These subjects are also covered by cnn money calculator real estate:
*Estimate monthly mortgage payments *Calculate the gain (or loss) on your home
*How much house can you afford?
*Cost of living comparison
*Mortgage refinance calculator
*Are two homes better than one?
*Shop for a mortgage
The cnn money calculator for retirement is beneficial especially when computing the amount of money you need to have a fruitful retirement. There’s a calculator where you can input your age and annual income that would compute how much you must set aside for retirement at 60. Some of the subjects included are:
- What you need to save * How fast will your savings grow?
- How much do you need?
- How does your net worth compare?
Investing cnn money calculator helps you determine what combination of securities can help you reach your financial goals. For asset allocation, you have to input the time you need the money as well as how much risk you can handle. There are also questions that inquire about your flexibility and your behavior during sell-offs.
Check your financial health by inputting your age and annual income. After doing so, subsections such as housing, life insurance, company stock, emergency savings, retirement savings, debt, and diversification must be answered. The main point of this section is to eliminate debt and give suggestions on personal finances.
Cnn money calculator is indeed a very handy tool to help you manage financial concerns.”