The journey to retirement will come with its share of sacrifices, but if you make sure you focus on these six points, it will all be worth it once you get there.
There is a well-known saying that “life is about the journey, not the destination”. Following my recent article titled How much do you need to retire comfortably, (available at http://bit.ly/2toLBVE) many readers have approached me with a follow-up question: How do I know if I’m on the right track?
Many of these concerned readers referred to the initial income level of 75% to 80% of their last year’s salary that they should aim to provide for in retirement. This income replacement ratio should be used as a sufficient starting point in calculating how much you need to retire in order to maintain current living standards. The truth is, however, that that figure can be influenced by so many variables that it can make the calculation of the actual amount you will need one of the more complicated tasks to tackle. Although that figure may be your “destination”, determining where you are in the “journey” to retirement is even more important. After giving it some thought, I reckon you are close to retirement if you have the following six points firmly in place:
هذه القصة مأخوذة من طبعة 24 August 2017 من Finweek English.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة 24 August 2017 من Finweek English.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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