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New study questions retirement planning calculators’ accuracy A study by researchers from Texas Tech University and Utah Valley University found that 36 of the online calculators provide "extremely misleading" advice in retirement planning. “When you have tools that say you are in great shape when professionals feel you may be in trouble, that can be dangerous,” says Harold Evensky, financial planner and adjunct professor at Texas Tech University. “Our hope is that the creators of retirement planning software for the public will modify their programs to incorporate these kinds of inputs so that we have a large universe of good quality tools.”  --The Wall Street Journal

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