Friday, September 17, 2004

Why you should not rely too much on experts and calculators

When I explain to relatives that I plan to retire at 37, some questions naturally arise:

How much will your savings worth by then?

How much money will you withdraw each year?


While calculating how much money you need and how much wealth you have to cumulate before retiring is important, these figures are irrelevant to other people than you. Their situation might be quite different of yours. A little bit later on my Blog, I will provide my personal situation, my current savings and my budget. This information will not mean “Here is what you actually need to retire”. I’ve defined my own needs, evaluated expenses and expectations according to my lifestyle, location (for instance, living in a 100k – 500k city in the province of Quebec, Canada is less costly than living in NYC or San Francisco, for instance), actual income, projected income, the level of risk I am comfortable with, etc. If I say I need $14k a year to retire, it does not mean this will be enough money for you.

However, my Blog might help you retiring much sooner than you think using two approaches:
  • Finance experts say you will likely need about 75% of your pre-retirement income after retiring to have the same lifestyle. I will try to challenge this assumption. I believe that what matters in defining how much money you’ll need after retirement is post-retirement expenses, not pre-retirement incomes.

  • Frugality does not mean deprivation. You can have frugal habits that will bring you no more or less happiness than living with higher means and literally wasting your money (a general rule to remember: wasting your retirement money is akin to wasting your pre-retirement time).

4 Comments:

Blogger ninest123 Ninest said...

ninest123 10.26
nike outlet, michael kors outlet, michael kors outlet online, gucci handbags, louis vuitton outlet, ugg boots, replica watches, polo outlet, burberry handbags, christian louboutin shoes, polo ralph lauren outlet online, christian louboutin outlet, oakley sunglasses, uggs outlet, christian louboutin, louis vuitton outlet, ugg boots, michael kors outlet, chanel handbags, ray ban sunglasses, jordan shoes, prada outlet, oakley sunglasses wholesale, nike air max, cheap oakley sunglasses, michael kors outlet online, uggs on sale, burberry outlet, oakley sunglasses, louis vuitton, christian louboutin uk, kate spade outlet, nike free, louis vuitton outlet, tiffany and co, replica watches, nike air max, longchamp outlet, uggs outlet, longchamp outlet, tiffany jewelry, longchamp outlet, ray ban sunglasses, michael kors outlet online, louis vuitton, prada handbags, michael kors outlet store, ray ban sunglasses

7:18 PM  
Blogger ninest123 Ninest said...

sac vanessa bruno, louboutin pas cher, new balance, hollister uk, coach outlet store online, longchamp pas cher, nike tn, nike air max uk, north face, true religion outlet, lululemon canada, michael kors outlet, true religion outlet, coach purses, abercrombie and fitch uk, sac longchamp pas cher, polo ralph lauren, ray ban uk, vans pas cher, nike free run, air max, michael kors, north face uk, hollister pas cher, oakley pas cher, converse pas cher, nike free uk, nike air force, true religion outlet, coach outlet, jordan pas cher, sac hermes, guess pas cher, nike roshe, polo lacoste, nike roshe run uk, michael kors pas cher, ray ban pas cher, nike air max uk, kate spade, burberry pas cher, nike air max, nike blazer pas cher, ralph lauren uk, coach outlet, michael kors, hogan outlet, mulberry uk, timberland pas cher, true religion jeans

7:20 PM  
Blogger ninest123 Ninest said...

mac cosmetics, gucci, hollister, herve leger, babyliss, hermes belt, soccer jerseys, nike trainers uk, celine handbags, vans, abercrombie and fitch, jimmy choo outlet, giuseppe zanotti outlet, nike air max, ferragamo shoes, lululemon, ray ban, ralph lauren, iphone 6 cases, converse outlet, asics running shoes, ghd hair, north face outlet, valentino shoes, timberland boots, insanity workout, nike air max, north face outlet, nfl jerseys, chi flat iron, hollister, vans outlet, beats by dre, soccer shoes, longchamp uk, p90x workout, louboutin, oakley, mont blanc pens, mcm handbags, converse, reebok outlet, hollister clothing, baseball bats, wedding dresses, nike roshe run, bottega veneta, new balance shoes, nike huaraches, instyler, tory burch outlet, oakley sunglasses

7:23 PM  
Blogger ninest123 Ninest said...

louis vuitton, thomas sabo, michael kors outlet, louis vuitton, pandora jewelry, swarovski crystal, canada goose outlet, juicy couture outlet, barbour, louis vuitton, canada goose jackets, hollister, marc jacobs, barbour uk, moncler outlet, louis vuitton, canada goose outlet, supra shoes, canada goose, canada goose outlet, moncler uk, michael kors outlet online, toms shoes, wedding dresses, pandora jewelry, ugg pas cher, ugg,ugg australia,ugg italia, swarovski, doudoune moncler, moncler, pandora uk, moncler, moncler, juicy couture outlet, michael kors handbags, replica watches, ugg,uggs,uggs canada, ugg uk, pandora charms, louis vuitton, montre pas cher, moncler outlet, moncler, lancel, canada goose, ugg, doke gabbana, links of london, canada goose, karen millen uk, canada goose uk, coach outlet
ninest123 10.26

7:25 PM  

Post a Comment

<< Home