Lesson 3 The Retirement Problem
It’s expensive to retire. It’s going to take a lot of capital assets—money that must be put to work—to replace your income. After all, one definition of retirement is that it is one-third of your life without a paycheck. You have to plan to live on your accumulated capital for more than 40 years.
Do-It-Yourself
Life Expectancy: This calculator can give you an idea of your life expectancy based on your current age, smoking habits, gender, and several other important lifestyle choices.
The retirement problem is simple: Create enough capital over your working career to support you comfortably for the rest of your ...
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