LET'S SEE WHERE YOU STAND WITH RETIREMENT

Please let me explain. Imagine you are standing behind a high fence outside the stadium. You are with several friends of different heights, and you all want to see the game. You see some milk carton nearby, the same size, the team decided to stand on the crate. But the shortest person still can not see the fence watching the game yet. All three friends received the same promotion, but the result is that only two people saw the game. This example illustrates the importance of fairness as part of equality.

I can not deny that your first step is a difficult step. But the rest of your retirement plan will depend on it. Before that, you need to understand your financial situation. Can I make enough cash to cover your retirement cost with this money plus social security and other pension income? You may be dissatisfied with what these numbers tell you. The consultant suggested sweating. This is the moment of truth, time to change your investment to reduce your current expenses to generate greater revenue, to find more savings, or (in the worst case) to rethink your retirement expectations I know that there is still.

If you are married and have a living expenditure of $ 80,000 per year at work, we assume you need $ 64,000 (80% of $ 80,000) when you retire. As of January 2016, the average social security pension benefit was $ 1,341 per month. If you and you both receive all social security benefits, you will receive approximately $ 32,000 in annual income. Therefore, you will need to fund the difference of $ 32,000. The investment amount is US $ 800,000, the investment amount is 4%, and the annual income is about 32,000 US dollars.

Have you seen the income you earned after you retired? Since social security income accounts for the largest proportion of retirement income for most people, please make sure that you estimate your income correctly. Please check your spouse / partner statement (and appropriate) and enter the correct number (based on the age you plan to gather). Post-retirement work may become an additional income source, such as monetization by your hobbies etc.