Quote:
Originally Posted by Sieg
Just ran a conservative scenario in the Schwab's retirement planner without my wifes current income or retirement, factoring retirement age of 65, life expectancy of 80..........it's projecting a surplus of $439,000. Didn't factor inexpected emergencies, though there's other assets and revenue that aren't factored. I'll definitely sleep a little better tonight.   |
Congrats.
Knowing the numbers is so important..
Yes, I never run my Wife's income or Social Security in my projections. Just me..
Also I never include my Home Equity. I do count it in my NET worth, but not for future living expenses..
That way I am excluding approx 300K of non liquid assets from my projection.
So we have that money for assisted living if ness.. later in life...or for whatever.
Seig, it really helps to run the numbers once a year. Also to calculate your NET worth to see where you are at..
Then once a year revisit to see if you are up or down...
