Like Life in General, Retirement has Many “Eras”. You Can Plan for Them.
A few weeks ago, I challenged the way financial planning graphs typically appear with smooth lines and steady, consistent results. Financial plans are formulated based on the assumptions we choose and on long-term averages. But life doesn’t work that way. One part of your plan that will be anything but smooth, consistent, and predictable, is the amount you will spend in retirement. Planning software will typically start with the amount of money you hope to live on at the beginning … Continued