Posts Tagged ‘compounding’
Using Simple Rules to Predict your Retirement Needs
In prior posts, I shared some financial math tricks and demonstrated a quick way to calculate your retirement needs. Now I am going to put the two together and use these rules, along with some historical inflation data, to give you a quick estimate of annual income needed for a comfy retirement.
Historical inflation data [...]
What Difference Does A Decade Make?
In “7 Costly Retirement Savings Mistakes to Avoid,” I had mentioned that waiting too long is the number one mistake. I am afraid I didn’t demonstrate it well, so here is a different look at the concept.
Assume that in each scenario, the investment grows at 10% per year*.
* Based on historical data, investment gain [...]
