How much do I need to retire?
There are many factors that go into calculating how much an individual needs to retire to maintain their current standard of living, but it all starts with a conversation and then leads to a plan.
I use a program called Money Tree Software that helps to determine your lump sum needed considering the following factors:
Age of Retirement
Inflation
Rate of Return
Taxes
After the calculation we are able to see your necessary monthly savings and make adjustments as needed.
If there is a specific topic you would like me to cover please reach out at jkolinsky@kolinskywealth.com.
I want this to be a community and would love to hear from you.
Check out our website http://www.kolinskywealth.com
