Question
Based on what you have read and researched, what type of housing will you need when you retire? How much yearly income will you need
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Based on what you have read and researched, what type of housing will you need when you retire?
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How much yearly income will you need to make and how much each year to get 85% of your preretirement income? How much and how long do you have to save to meet your retirement income goals.
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Using the chart below, rank in order the largest estimated expense in retirement and why? If there is a component that is not listed, please add it.
Rank | Expenditures | Why? |
Housing | ||
Transportation | ||
Food | ||
Medical Care | ||
Clothing | ||
Entertainment | ||
Travel | ||
Charity | ||
Savings |
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How much life insurance will you need once you have retired and your dependents are financially independent?
What is the purpose of keeping your money invested once you have retired and how much will you continue to invest?
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