Personal Finance
Avoid retirement fantasies | Real sharing from retirees to help you!
By The Astute Parent  •  November 20, 2019

Most use the 4% safe withdrawal rule, or 25x of current expense. It is the common formula for financial freedom and if you're unsure, read on this post.

Most just have fantasies on how much they need to retire (lump sum basis) and when they want to retire.

Some answers come up to be $1m by age40 so as to F.I.R.E (financial independence retire early) and go traveling every 6 months without worrying about money.

​#vanlife #goodvibesonly

Problem is if you go travelling everyday, your expenses will skyrocket but more importantly, as I'd share below, it's unrealistic...

Factor annual retirement expenses and NOT current expenses!

After speaking to a few retirees, I found something missing in our forum discussions.

There is a component in most retirement plans which most people tend to overlook or downplay it's significance.

The formula for retirement should be: "​Annual Retirement Expenses" multiplied by 25 instead of current ​expenses multiplied by 25 for financial freedom.

​Retirement

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By The Astute Parent
We have been sharing in-depth insurance plan reviews to our community since 2016. TheAstuteParent is now the BIGGEST online resource of financial planning guides. We are committed to upholding it that way.
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