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how spending changes throughout retirement

How spending changes throughout retirement

When planning for retirement, you need to make a lot of assumptions.  How long will you live?  What will your investment returns be?  How much income will you need?  When it comes to that last one, most people just estimate their first year of retirement expenses and then adjust that amount higher each year to […]

retirement readiness flow chart

Retirement readiness flow chart

This week is National Retirement Planning Week, so I thought it would be good to give everyone a quick reminder of what it takes to get ready to retire.  Sure, saving enough money is important, but retirement is more than just a math problem.  There are plenty of other things involved as well.  With that […]

income replacement ratio

Why retirement will be cheaper than you think.

Will retirement be cheaper than you think?  Maybe.  A lot depends on your income replacement ratio.  What’s that you ask?  It’s the percentage of your current income that you will need during retirement to maintain your standard of living. Some people will need 100% of their current income.  Others will be able to get by […]

Two surefire ways to retire sooner

“When can I retire?”  I get that question a lot.  If you’re curious about the answer, look no further than your retirement budget.  The more money you want to spend during retirement, the more you’ll need to save before you get there and the longer you’ll likely need to work.  It stands to reason then, […]

Let your paycheck be your portfolio

Have you ever daydreamed about what you’d do if you won the lottery? Maybe take that trip around the world you’ve always wanted to take.  Buy that little red sports car.  Retire early. For some reason, we’re conditioned to think that there isn’t a dream, desire or problem that a seven figure payday couldn’t solve.  […]