Some of the big brokerages suggest that your income in retirement should be a certain percentage of your pre-retirement income. Usually I see a range of 75 to 85 percent. So if your pre-retirement income is $100,000, then you would need $75,000 to $85,000 in annual income in retirement, at least by this way of thinking. What’s wrong with this? The most obvious … [Read more...] about Retirement Number as a Percentage of Income?
Archives for March 2019
Deep Dive into the Corporate Salary
I wrote this post because I thought it would be beneficial to show a glimpse of what happens behind the scenes when it comes to corporate salary. If you’re new to the corporate world then the makeup of the corporate salary may be mysterious. Hopefully this post will help open your eyes to how salaries are determined, budgeted, and what considerations go into giving you … [Read more...] about Deep Dive into the Corporate Salary
Still Unsure about Risk Tolerance? Try this…
By mirroring asset allocations of target date funds, you can get a starting point for asset allocation and risk. In my post about risk tolerance and time horizon, I wrote about what I consider two most important factors to contemplate before you start investing. The time horizon is typically the easiest to figure out, even if it’s a range. I recall looking at the … [Read more...] about Still Unsure about Risk Tolerance? Try this…
Corporate Survival
I created this category to share my experiences and tips for surviving the workplace. Suffice it to say, this category is more about getting to FI, then it is about living the FI lifestyle. We all have to start out somewhere, and for many of us, this means working for the man right after college. This is an area where I feel I can contribute to other FI’ers because of my … [Read more...] about Corporate Survival
Considerations for Calculating Healthcare Costs in Early Retirement
For the last couple of years, one of the biggest blind spots I have had in planning for financial independence has been healthcare costs. I’m not concerned about runny noses, scrapes or bruises, but rather major illness and injury, and more specifically, protection of wealth. One of the top (if not the top) reasons people go bankrupt is medical costs. Even if you maintain a … [Read more...] about Considerations for Calculating Healthcare Costs in Early Retirement