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A Purdue University Web site designed for farmers can help take some of the guesswork out of your retirement planning.
Putting a price tag on retirement dreams is the goal of the new “Retirement Estimator for Farm Families” Web site located at www.ces.purdue.edu/farmretirement.
The site helps estimate annual income a family would require for retirement and suggests options for matching expenses with projected available funds.
Since the site is designed specifically for farmers, it includes inputs for income from rented crop and pastureland, income from the sale of machinery and other farm-related income and expenses.
