Death or Desolute

www.kimsnider.com Is running out of retirement money a fate worse than death? The Allianz survey says 31 percent aren't sure what their expenses will be in retirement and 36 percent have "no idea" if their income will last. Prudent planning includes having a clear understanding of two crucial numbers what will your expense be in retirement and how much money will it take to support that standard of living indefinitely into the future. One of the biggest mistakes I see people make is to assume these numbers are "unknowable". That isn't true. It isn't mysticism; It's math. These numbers aren't very difficult to figure out and there are plenty of tools out there, including ours, which you can use to do it. Granted, you will have to revisit them periodically. Things change. Assumptions prove to be more or less correct over time. But the closer you are to retirement, the more accurate these numbers will be. If working this out on your own really and truly makes you pull your hair out, Take a retirement planning course or consult with a qualified retirement planner to help you. The key is not to retire until you have accumulated as much money as you will need to support the lifestyle in your plan. Retirement savings are a function of four variables: income, expenses, time and after-tax return. If you see, in advance, you can't get there, you will either have to increase income, reduce expenses, make your money work harder and smarter or work and save for a longer period of time ...



http://www.youtube.com/watch?v=FqP9O4McgyQ&hl=en