How Much Money You Need To Retire at 65, Supplement
7 August 2006I just came across an excellent series of posts on the question I posted on earlier, how much money a person needs to retire. Part One, Part Two, and Part Three are a continuing series at Old Niu’s blog and are a must-read if you’re looking into this topic.
He suggests a more conservative approach called a “Perpetual Income” model in which you keep some of your money in more aggressive investments such as stocks, even when you are actually in retirement. With life spans tending to be longer and longer, I think that’s a good plan. It does, however, require that you get to a higher retirement goal at 65, so that you have that money to spare. For younger people, it’s a very good idea. If you’re nearing retirement, it may not be an option if you haven’t been planning ahead.
Discuss this on the Free the Drones Forums here.
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