Tag: retirement-calculator

Categories
401k and Personal Finance iPhone app

Some myths on retirement savings

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During the annual benefits enrollment a while ago, I knew health insurance premium would go up quite a bit in 2011. So what can I do to offset that premium increase? Decrease the savings for 401k?

Just kidding. Over the years I have seen a lot of confusions and myths on the 401k savings. For me personally, I started my job without enrolling into the company 401k plan for slightly over a year. When I started to enroll, then came the questions such as saving percentage, and fund choices.

How much should we save in 401k (percentage-wise), should we just save enough to get employer match?
I read this article from Yahoo Finance a while ago 3 Ways to Get Free Money for Retirement, and I recommend it. Ultimately how much to save depends on how much we want to get after retire, and the investment return rate. My iPhone app myNestEgg is trying to get some mystery out of this process. For me personally, I’m now putting 15% of salary into 401k.

Social security, how much can we expect?
Unlike some of the rhetoric on topic, such as “Social Security will go bankrupt”, or “Social Security will not be there when we (gen X) retire”, I do have some faith on this program. I think I can count 30% of the retirement income from social security.

How much should I save?
I feel 70% of the “income ratio”, as shown in my iPhone app myNestEgg, is probably good enough.

Orange_keyboard_clear_2010-08-29

Categories
iPhone app

myNestEgg 1.2 released

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Known problem in version 1.2
(11-21-2010) I received a user bug report this morning: the calculation results is not right due to the extra comma separator in “beginning savings” and “salary”. I fixed the problem this afternoon and submitted the binary (version 1.3) to App store. Stay tuned.

myNestEgg_bug_1

What’s New in Version 1.2
1) Add new icons for the tab bars (the 3 bars at the bottom);

2) Add “shake” function to “Settings” tab bar. When at “Settings” tab, if the user shakes the phone gently, the rates will reset to default values: 7% annual investment return, 2% annual inflation. Note the user still needs to tap “Set Rates” button to make the rates take effect.

3) Fix the minor problem where the inflation rate picker moves when the user switches to the “settings tab”. Note this behavior has not affected calculation results.

I just found a bug shortly after the release. If someone reports the problem to me, he/she will have the opportunity to win the $25 Amazon gift card.

Categories
401k and Personal Finance iPhone app

Earn $25 filing a bug report, enhancement request, or user story

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for #iPhone #app #myNestEgg ~ the retirement calculator (link at iTunes store) and receive an Amazon gift card (one winner per category).

I am starting this mostly for fun, three categories ($25 per category):

bug report; enhancement request; user story

Send email to uudaddy(No Spam) AT gmail DOT com. This runs until Dec 31, 2010. One entry for one person.

How the prize being determined
My 7 months and a half daugher gets to decide 🙂

Seriously, I will decide according the merits.

AmazonThankYou2010-04-27 myNestEgg_12_2010-10-25_2

Version 1.2 is coming
Just in time for annual benefits enrollment. The following is a glimpse. Note I purchased Glyphish Pro icons this time. So hopefully you can show this app to your friends without being embarrassed for lack of icons in version 1.0/1.1

F.A.Qs

Continue reading “Earn filing a bug report, enhancement request, or user story”
Categories
iPhone app

myNestEgg 1.1 released yesterday

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I know, I know, I am a little late making the announcement. But I was fighting a small battle.

Anyway, the latest and greatest is here. It has all the goodies of version 1.0 plus the following new things:
========
Fix the problem in “email results” when income_ratio is larger than 100%, the email results shows 100%. Now it shows the correct number.

Set default inflation rate to 2% (was 1% before the change); set default investment return rate to 7% (was 6% before the change). We believe the new numbers are more realistic numbers.

Change the calculation of inflation adjustment to fix the “divide by zero” problem in some cases.
========

Categories
401k and Personal Finance iPhone app

Announcing iPhone app myNestEgg ~ the retirement calculator

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(Update Oct-22-2010) The version 1.1 was released yesterday Oct 21, 2010. This link is the same. Release notes is attached at the iTune store description as well.

(Original) iTune store link here.

myNestEgg_iTune_store_2010-09-17

Product support page here.

What is it (myNestEgg)?
myNestEgg is a retirement (savings/income) calculator iPhone app. It runs on iOS 3.1.2 or later.

How much does it cost?
99 cents in the US (Apple tier 1 price, CA$0.99 GB£0.59 EU0.79 € AU$1.19 NZ$1.29 etc.)

Any special promotion for new product launch?
Yes, you can. If you can find a significant bug or suggest a meaningful feature, you can email me at , and I will give you the refund (via Paypal). And if you like, I can send you the Ad hoc version of my future products for free as long as you send me the feedback (note you will need to send me the UDID of your device for the Ad hoc version).

Categories
iPhone app

Announcing iPhone app myNestEgg ~ the retirement calculator

Reading Time: < 1 minute

iTune store link here.

myNestEgg_iTune_store_2010-09-17

Product support page here.

What is it (myNestEgg)?
myNestEgg is a retirement (savings/income) calculator iPhone app. It runs on iOS 3.1.2 or later.

How much does it cost?
99 cents in the US (Apple tier 1 price, CA$0.99 GB£0.59 EU0.79 € AU$1.19 NZ$1.29 etc.)

Any special promotion for new product launch?

Continue reading “Announcing iPhone app myNestEgg ~ the retirement calculator”
Categories
401k and Personal Finance iPhone app

Looking for a few good reviewers and bloggers for iPhone app

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I am looking for a few good reviewers and bloggers for my 1st iPhone app, myNestEgg ~ the retirement calculator. Here are a few basic requirements for the reviewer/blogger:

1) An iPhone, iPod Touch, or an iPad device with iOS 3.1.2 or above.

2) Has an iPhone app review site or a personal finance blog web site. More importantly, are willing to try out my app and write independent reviews.

How to get the app?
The app is at “Wait for review” stage. I can build ad hoc version of the app and send it to you (about 500k). Email me if you are interested. My email address is .

What you will get besides the app?
Well, I can not promise anything significant because they will affect your opinion. But I can come up with something appropriate later after seeing the review.

Categories
iPhone app

Looking for a few good reviewers and bloggers for iPhone app

Reading Time: < 1 minute

I am looking for a few good reviewers and bloggers for my 1st iPhone app, myNestEgg ~ the retirement calculator. Here are a few basic requirements for the reviewer/blogger:

1) An iPhone, iPod Touch, or an iPad device with iOS 3.1.2 or above.

2) Has an iPhone app review site or a personal finance blog web site. More importantly, are willing to try out my app and write independent reviews.

How to get the app?
The app is at “Wait for review” stage. I can build ad hoc version of the app and send it to you (about 500k). Email me if you are interested. My email address is .

Categories
iPhone app

Submit my 1st iPhone iOS app, wait for review

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After I initially upload myNestEgg (Aug 30 night), I did couple “developer reject” to add data persistence (Aug 31), and correct icon matching problem (Sept 7). It’s still in the “Wait for review” as of this writing.

Interestingly today Apple announced some change of iOS app license agreement, and put up a new App Store Review guidelines. One needs the iOS developer program to read the full content. But one can always read that from google news (I personally like what arstechnica has to say).

BTW, I found this Apple iOS App Store submission tips to be helpful. And this thread How long “waiting for review” to be fun. Per this thread, I should start working on the next app. Or start port my app to Android?