According to the Social Security Administration, “Retirees will need 70 percent or more of pre-retirement earnings to live comfortably.”1 Now, regardless of whether or not you consider yourself to be “average,” the reality is that on the day your employer’s paycheck stops, you will need to have some sort of plan in place for replacing your income so that you can continue to pay your living expenses – and hopefully more than that, such as fun, travel, and doing the things that you’ve always wanted to do. [Read more…]
What is your Number?
According to New York Times Bestseller author Lee Eisenberg, this is the ‘Last Taboo’ question everyone should ask themselves.
And what a practical question that is. The ‘Number’ refers to the amount of money one requires after they retire, and will be different from individual to individual, depending on their lifestyles and needs. Everyone should know how much money they need in order to be financially secure throughout their entire retirement.
Do you know your Number? [Read more…]
Like most people, you’re probably looking forward to that time in your life when you can set your own schedule, relax, and enjoy all that you’ve worked for. But today, with the average life expectancy being longer than ever before, it isn’t unheard of to live for 20 more years after leaving the world of employment. And, while that can be great news, it can also cause you some big concerns – primarily that of running out of money before running out of time. [Read more…]