Poll: How much do you have to support your retirement?
A common question for people about to retire is how much do I need.
Maybe a sample of a large number of retires will help answer the questions.
Please check off the group you fall into as of today.
Please total all your assets (except retirement home) that you could use to meet retirement expenses.
Reduce this by debts, including all mortgages.
Pensions have value and to value them use the old 4% safe withdrawal rule. To do this multiply your annual household pensions by 25 and add this to your total. Pensions include social security, employer pensions, employer health insurance, annuities (do not count in investments) and any other regular payment you receive that is not generated by your investments assets.
For example if you receive monthly payments of $1,000 and your spouse $2,000 from social security, a pension of $1,000, assets of $250,000 and a $100,00 mortgage your total assets for this poll is $1,3450,000 ($4,000*12*25 + $250000 -$100,000).
Last edited by rjm1cc; 04-02-2016 at 02:31 PM.
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