We are retiring at the end of February, and I had not calculated the % of income before/after retirement, but I have done a significant amount of work on the actual budget (income from various sources and expected expenses over time). As a result of your post, I decided to calculate the income % and guess what, it's exactly 70%! I guess we'll be OK! I did find that in doing the calculation, a lot of assumptions needed to be made, such as should I calculate the % using gross (pretax) value or net (post tax) value. I decided on the net because that's what we will have to spend. Then I had to decide how to treat things like 401K investments (I calculated my pre-retirement number before 401K deductions) and medical plan deductions (excluded them from both pre- and post-retirement calcs, essentially "grossing up" income to pre-medical plan income). I'm sure there are a number of "correct" ways to do the calculation, but thanks for making me think about it. It makes me even more anxious to get through the next 7 weeks!
B.
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