Four Financial questions everyone should answer!
1. Do you know what rate of return you have to earn on your savings and investment dollars to be able to retire at your current standard of living and have your money last through your life expectancy?
2. Do you know how much you need to save on a monthly or annual basis to be able to retire your current standard of living and have your money last until life expectancy?
3. Do you know … doing what you are currently doing, how long you will have to work to be able to retire and live your current lifestyle until life expectancy?
4. Do you know … if you don’t do anything different than you are doing today, how much will you have to reduce your standard of living at retirement for your money to last to your life expectancy?