ProprioBella
Team Owner
How did you calculate your target retirement #? What were your assumptions (no mortgage, retire at 65, etc.)? What annual income did you use to calculate your annual living expenses?
Currently I’m estimating that as a retiree, I could live very comfortably on a income equivalent to my currently salary with certain assumptions (no mortgage, new car every 5 years, travel 6 month/year as long as I am able and some income from investment properties). I’m about 25 years from my goal retirement age and invested about 50% of the amount that I need. I also anticipate that my salary will triple by retirement, so I plan to ramp up how much I’m saving/investing over the next 10 years.
I am meeting with my financial advisor in 2 weeks to review my current strategy and portfolio. I’d love to hear some other perspectives..
Currently I’m estimating that as a retiree, I could live very comfortably on a income equivalent to my currently salary with certain assumptions (no mortgage, new car every 5 years, travel 6 month/year as long as I am able and some income from investment properties). I’m about 25 years from my goal retirement age and invested about 50% of the amount that I need. I also anticipate that my salary will triple by retirement, so I plan to ramp up how much I’m saving/investing over the next 10 years.
I am meeting with my financial advisor in 2 weeks to review my current strategy and portfolio. I’d love to hear some other perspectives..