Categories

Book: Becoming Money Wise

Get Your FREE DVD Today!
« What percentage of income should I put aside for emergencies?  
  How much money is normal for an allowance? »

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?”

.

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

.

**********

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/

**********

  • Share/Save/Bookmark
September 25th, 2009 | Tags: , , , , , , , , , , , , | Category: Financial Literacy, VIDEO, achievement | 68 comments

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

1 2
1 2

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>