REQUEST THE FOUR DECADE TIMELINE “NUMBER FINDER”
FOUR DECADE TIMELINE “NUMBER FINDER”
Too often people go about saving for their future without really sitting down and understanding if their savings will get them to where they
need to be.
Often this exercise isn’t completed - because they are afraid of the answer. Frequently they would be happily surprised to discover things look just fine.
We believe that everyone has a “Number”, a certain amount of income producing assets that are required in the future to sustain a comfortable standard of living throughout retirement.
We believe this number should be known to everyone, and that everyone should then strive to achieve it.
Most goals in life have a defined destination. If you intend on running a marathon, you know you need to be capable of running 26.2 miles. If you want to buy a new home, you know how much it costs and what the financing options are to purchase it. Why should a retirement destination remain any more of a mystery?
We don’t think it should be. While this timeline isn’t as accurate as performing an in depth financial plan, it at least can be used as a tool to help people identify where they should be headed.
On the right section of the spreadsheet is where you’ll make the inputs, being careful not to type over any formula fields. Be sure to enter future income and expense streams for what you think they will be worth in the year you first start taking them.
Keeping with tradition at JPStudinger Group, we believe an informed society is an advanced society. Please take advantage of our free resources and tools to help your better manage your finances.
If you know of resources that you think would be helpful to others, please contact us. They have to meet criteria of being 100% free and perform a useful financial related function.
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