default avatar Welcome to the site! Login or Signup below.
Logout|My Dashboard  Number One Retirement Question - Retirement
And Money Smarts  Number One Retirement Question  Font Size:
Default font size Larger font size  Posted: Friday, March 23,
2012 11:30 am | Updated: 12:50 pm, Wed Apr 4, 2012.  Do I have
enough to retire? This question has caused more sleepless
nights, headaches, and stress than almost any financial question
we face during our lifetime.  Retirement is a process of
swapping one source of income for another. Many retirement
books, blogs and gurus start by asking the question: how much do
you want/need to live on?  Let's assume that you want to live on
$65,000 per year.  Taking their advice how would Mr. and Mrs.
Smith know if they have enough money to retire. Well, Mr. and
Mrs. Smith 65 have $1,000,000 in the bank earing a 4% return
with a 3% inflation rate and they have a life expectancy is 85.
Based on the typical on-line calculator or self-help book their
money will most likely run out a