102 Introduction to Determining Retirement Needs
How much do you need to retire? Once you know what your golden years will need from you, you can begin to make them happen now.
What you will learn
- How Much Will You Need to Retire?
- Retirement: What Are Your Current Needs?
- What Expenses Will You Have in Retirement?
- How Will Inflation Affect Your Retirement?
- What Will Social Security and Your Pension Provide?
What do you know?
Introduction to Determining Retirement Needs
What does retirement mean to you? It means different things to different people. However, whatever it means to you, you will need to plan for it in order to achieve your retirement goals. One of the major faults leading to a poor retirement is failure to adequately assess your retirement needs.
Most retirees find that their retirement cash needs are correlated to their pre-retirement needs adjusted for their change in lifestyle, taxes, and of course, inflation. Where you want to be largely depends upon where you are now.
