Your household balance sheet provides a baseline for your retirement income plan. Last time in this series on Lifetime Financial Planning (“Can I Afford to Retire?”), I discussedretirement-readiness as the ratio of your projected annual expenses in retirement, less your social security and pension income, to your savings. If your annual expenses net of SS […]
Can I afford to retire? How much do I need? When can I retire? These are the big questions we all struggle with when retirement age approaches. Obviously enough, there’s no do-over, either for the years saving and preparing for retirement, or after you pull the trigger—you’ll be hard pressed to get your old job […]
Your current and future household expenses are the fulcrum for your lifetime financial plan. Getting you savings and expenses lined up and in balance is the gateway to a secure retirement. Last time (“Retirement Planning 101: Getting Your Bearings”) we covered the role your household balance sheet plays in locating your family’s lifestyle and not your […]