By: Melissa Leong | October 2014
Read More, and see what Scott Plaskett says about finding a trustworthy financial planner.
The Problem: Being short on retirement savings
The Solution: Crunching the numbers can help you get a better idea of how much you’ll need to maintain your current lifestyle. Compare a list of your future expenses, adjusting for spending shifts—the money going toward commuting should drop, but maybe you’ll finally have time to golf—against your retirement income streams, keeping inflation in mind. Next, take an optimistic guess at how long you’ll live, and see if the numbers add up. If they don’t, delaying retirement, adjusting your investment strategy or socking away more of your salary can help close the gap.
The Problem: Finding a trustworthy financial planner
The Solution…
