Will I Have Enough to Retire?
This is always the question, many who plan to retire are faced with. Do I have enough to retire well? How do you begin to approach this? Do we base it on our life expectancy? Do we base it on our lifestyle after retiring? So many factors. But here's a few guidelines I think I'd like to apply. Image Source: https://womenwhomoney.com/calculating-your-retirement-number/ COST OF LIVING EXPENSES WHERE YOU'LL BE LIVING TYPES OF ACTIVITIES I think to start a conversation with these few key items will help you decide if you have enough to retire. COST OF LIVING EXPENSES I think this would be based on your personal circumstances. For me, I think as I retire and age in place, my expenses will become much lower. Say, less expenses when it comes not working anymore. No more real transportation costs, clothing, dry cleaning, lunch expenses, etc. Anything that has to be an expense when traveling or dealing with work, expenses will be minimal or way les...