Retire Early With Peace of Mind: Health Insurance Options for Early Retirees Most people in the United States do not have to worry about health insurance in their old age – they are covered by Medicare starting age 65. So if you’re planning to retire at the traditional retirement age of 67 years, or even …
If you’ve read “What to do 5 Years Before You Retire to Enjoy a Magical Retirement”, you know what you need to do 5 years before the planned retirement to make sure you have a successful retirement. As you may know, Mrs. R and I want to retire early in 2028, before we turn 50 …
5 Things to do Five Years Before You Retire I’m sure you have thought of retirement all your working life. After all, it’s a much-deserved reward after years of hard work! And maybe you follow the Financially Independent Retire Early (FIRE) movement and want to retire early. The 5 years before you retire are the …
What is a Retirement Plan Stress Test? While it is great to create a retirement plan to make sure you don’t run out of money and have a financially successful retirement, it’s just a start. You need to make sure that the plan holds up under different ‘what-if’ scenarios – like a prolonged period with …
Monte Carlo Simulation Based Probability of Success of Your Retirement While preparing for your retirement, you might have moved beyond the usual 4 percent rule: to more sophisticated analysis using a retirement software. Retirement software (like the ones we use: NewRetirement and ProjectionLab) perform an in-depth analysis of your financial situation, can consider factors like: …
What Exactly is Safe Withdrawal Rate? If you have been researching early retirement or even a traditional retirement, there is one term you would have certainly come across: safe withdrawal rate (or SWR). You might understand it loosely, but what exactly does it mean? How is safe withdrawal rate calculated? What factors should be considered …
Sequence of Returns Risk in Retirement While reading about retirement or watching a video on retirement, you might have come across the term “Sequence of Returns Risk”. But what exactly is sequence of returns risk? How important is it in retirement? And is it relevant only for retirement, or through any stage of your life? …
Calculating Retirement Savings: Determine “How Much Do I Need to Save for Retirement?” The top question for anyone even remotely considering retirement is: how much money do I need to save up before I can retire comfortably? How much is enough to ensure I can sustain a reasonable lifestyle without running out of money? So, …
Estimating Expenses in Retirement to Calculate How Much to Save for Retirement How much you need to spend every month in retirement is the foundation for calculating the retirement savings you need before you can retire. Of course, other sources of retirement income (like rent or dividends) and retirement benefits (like social security benefit) matter …
What is the 4 Percent Rule for Retirement? One of the biggest concerns for people wanting to retire is to find out how much they can spend every month without running out of money, based on how much they have saved. Conversely, they want to know how much they would need to save so that …