The “Can I retire?” assessment (sometimes characterized as the “Will I be able to retire?” quiz) typically distills down to three basic parts. The first part is a principle: We want the freedom to spend “x amount” every year while I am retired. (We also want our spending to keep pace with inflation, of course.) The second part requires a careful look at (and accurate quantification) of your current retirement nest egg. Third, we have the payoff question: Can I safely generate at least an “x amount” of income from my retirement nest egg until I die?
Archives for February 2013
Surveys conducted by various financial services providers continue to show a disconnect between retirement reality and U.S. baby boomers. In a recent such survey, use of home equity as retirement income tool came front and center.
Not trying to boast here – just trying to stay motivated and perhaps help kick start a reader who wants to improve their personal health platform for a better retirement. I’ve made some progress. [Read more…]