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Why Your “Number” Is Not as Important as You Think

No, not your phone number, that you reminiscently recall being asked for in grade school.

You know, the magic number that will allow you to retire comfortably? Yeah, that’s the one.

Have you ever wondered what yours is? Have you calculated it? Do you know how much you need to save to make it work?

Retirement planning has an appalling number of faulty assumptions that are leading masses of people astray, including:

  1. That having $1 Million dollars is enough money to retire.
  2. That you can know how much money you’ll end up with, based on average rates of return.
  3. That you can save enough during a 45-year career to retire and live off of for the next 30+ years without running out of money.
  4. That you can know how much income you’ll want in the future.
  5. That losses in your portfolio are easy to recover from.

In this week’s episode of Money Secrets, we’ll break down an actual example to see the shocking amount that a person would need to save just to live on a modest $60,000 annual income during retirement.

GET 10X RETURNS (or more) ON LIQUID CASH

Without Giving up Quick Access to Cash. Find out how in this free 20-minute guide!

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Rachel

Rachel

Rachel empowers her clients to maximize and control their money so that they can accomplish their dreams and live out their highest purpose. She believes that if you understand the short and long-term impacts of the financial choices you make, you’re better suited to make choices that put you in control of your resources. She helps you discover money flowing out of your control, strategize ways to have more money flowing into your control so that the end result is that you have more money to retain and utilize during your lifetime, and more to pass on to future generations.

INCREASE RETURNS ON LIQUID CAPITAL

Without Giving up Access to Cash