Even if you feel sure you have enough money to retire, don’t skip the number-crunching. A gut sense that you can retire is nice … but it’s an experiment whose result won’t be known for many years. And after the results become apparent, it may be too late to do anything about it.
The numbers side of the retirement decision is complicated. Obviously, an element of the retirement cash flow plan is straightforward: Assume a rate of investment return, consider other income sources, and see if projected expenditures are covered by the result. But this simple method leaves too many …Read More