Design & Copyright Jan Karman Last revised: February 2021
Retiring together? Challenges for dual earners
The proportion of dual earners among adults aged 60 years and over is increasing. In the Netherlands, we find that many older dual earners would like to retire at the same time, but are put off by the financial consequences.
Due to the gradual increase of the public pension age, younger partners will have to continue working long after the older partner has retired.
Source: Demos/Nederlands Interuniversitair Demografisch Instituut
This program produces a survey of the amortization of an annuity loan.
In the top section of the screen are four controls for the data.
In the middle section are two controls and display of real interest and yearly annuity.
The bottom section shows the amortization scheme with one line for every payment, giving redemption part, interest part, net cost and balance.
The + and - buttons are supposed to behave like spinboxes.
Requested is to fill out or control by the user:
- initial amount of the annuity
- optional irredeemable part
- duration of the loan
- interest rate
- deductable percentage income tax
- frequency of payments