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A Break-Through in Retirement Planning: Otar Retirement Calculator, Based on Market History, is Now Available

Posted on: Monday, 5 January 2009, 10:04 CST

THORNHILL, Ontario, Jan. 5 /PRNewswire/ -- Retirementoptimizer.com Inc. is pleased to announce the launching of the 2009 Edition of the Otar Retirement Calculator (ORC). ORC is based on market history since 1900, 109 years of market data. What makes it different from other retirement calculators is that it does not require an assumed average portfolio growth rate, average inflation or any Monte Carlo simulations. It is a low-cost, spreadsheet-based application using actual historical data.

The 2009 Edition includes variable annuities (GMWB and GMIB), single "click" solutions to popular questions such as "When can I retire?" "How much do I need to save?" "Do I have enough?" "How much can I spend?" "What is my optimum asset mix?" and many more. It allows any mix of equities, nominal bonds, inflation-indexed bonds and cash in the portfolio. It has an asset mix optimizer, an annuity ladder builder, and a leveraging calculator.

It helps the user produce realistic outcomes that are not available in conventional retirement calculators or Monte Carlo simulators. It includes an algorithm that analyzes a mix of investments, variable annuities and life annuities in a single program.

Its developer, Jim C. Otar, is a certified financial planner, a chartered market technician and a professional engineer. He applies his technical background to research retirement and investment planning issues. He developed this retirement calculator while he was writing his book, "High Expectations & False Dreams - One Hundred Years of Stock Market History Applied to Retirement Planning". He received CFP-Board Article Awards in recognition of his meritorious financial planning articles both in 2001 and in 2002.

SOURCE Retirementoptimizer.com Inc.

Source: PR Newswire

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