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How much money do I need to retire comfortably?

In this Video Blog Series Phil is answering questions that have been submitted by readers.

Today’s question is about “How much money do I need to retire comfortably?”

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Phil shares three thoughts that will help you with this planning, including some wisdom from his retired father-in-law.

  • Ask ‘How long would you like to be retired and how much would you like as an income?’.
  • My father-in-law says when you are retired you will want life to be simple:
    - have enough money to live comfortably
    - have enough money to travel to see the people that you love
    - have enough money to have fun
  • You can take two different approaches to funding your retirement:
    a) money saved in the bank
    b) recurring income that continues in retirement

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You can submit your own question by replying to this blog, or by registering for your free gift from Phil at http://philstrong.com/freegift/

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September 25th, 2009 | Tags: , , , , , , , , , , , , | Category: Financial Literacy, VIDEO, achievement | 8 comments

8 comments to How much money do I need to retire comfortably?

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