{"id":1714,"date":"2021-06-03T19:37:09","date_gmt":"2021-06-03T19:37:09","guid":{"rendered":"http:\/\/gpswp.com\/cswans-new\/?p=1714"},"modified":"2021-06-03T19:37:11","modified_gmt":"2021-06-03T19:37:11","slug":"will-your-retirement-income-be-enough","status":"publish","type":"post","link":"https:\/\/gpswp.com\/cswans\/2021\/06\/03\/will-your-retirement-income-be-enough\/","title":{"rendered":"Will Your Retirement Income Be Enough?"},"content":{"rendered":"\n

If you are concerned about having sufficient financial resources after you retire, read on. We will discuss how to ensure a comfortable life during this phase of life.\u00a0<\/p>\n\n\n\n

Future Expenses: How Much Will You Need?<\/strong><\/p>\n\n\n\n

First and foremost, you ought to estimate how much you will need. Investopedia<\/a> states, “Many financial advisors boil down this answer to one rule of thumb, at least as a starting point: the 4% sustainable withdrawal rate.” For instance, the site adds that if you have a $1 million nest egg, you could withdraw $40k per year for thirty years.<\/p>\n\n\n\n

That said, obviously the more money you have the better. After all, you never know when an emergency might strike forcing you to spend more money unexpectedly (e.g., medical bills). <\/p>\n\n\n\n

You ought to compile a list of whatever expenses you anticipate. <\/p>\n\n\n\n

Ordinary Expenses<\/strong><\/p>\n\n\n\n