If you want to retire happy, the first step is figuring out
how much money you'll need.
Stacy Johnson • January 8,
2021 • Advertising
Disclosure
Whether you plan to spend your retirement sitting on the
front porch or traveling the world, one thing’s for sure: You’re going to need
money. In fact, you’re going to need enough savings and/or income to keep you
alive and well potentially for decades.
But exactly how much is that?
There’s no one answer to this most critical of questions,
because how much you’ll need depends on various factors, from where you live to
how you live. But while there’s no definite answer, there are ways to home in
on the number you should shoot for based on your personal situation.
In this week’s “Money!” podcast, we’re
going to give you some tools to help you find your number.
As usual, my co-host will be financial journalist Miranda Marquit.
And joining us this week is special guest Len Penzo of LenPenzo.com. Len’s an engineer who’s mastered
the math. Proof? He’s about to retire at age 57.
Sit back, relax and listen to this week’s “Money!”
podcast:
·
Listen
on Apple Podcasts
·
Listen
on Google Podcasts
·
Listen
on Spotify
Not
familiar with podcasts?
A podcast is basically a radio show you can listen to
anytime, either by downloading it to your smartphone or other device, or by
listening online.
They’re totally free. They can be any length (ours are
typically about a half-hour), feature any number of people and cover any topic
you can possibly think of. You can listen at home, in the car, while jogging
or, if you’re like me, when riding your bike.
You can listen to our latest podcasts here or download
them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven’t listened to a podcast yet, give it a try,
then subscribe to ours. You’ll be glad you did!
Show
notes
Want more information? Check out these resources:
·
LenPenzo.com (Len’s website)
·
“Ask Stacy: Are
Online Retirement Calculators Reliable?“
·
“The 10 Golden Rules
of Retiring Rich“
·
“5 Simple Steps to
an Awesome Retirement“
·
Money Talks News’ newsletter
·
The Only Retirement
Guide You’ll Ever Need (Money Talks News course)
About
me
I founded Money Talks News in 1991. I’m a CPA, and I have
also earned licenses in stocks, commodities, options principal, mutual funds,
life insurance, securities supervisor and real estate.
Disclosure: The information you read here is always
objective. However, we sometimes receive compensation when you click links
within our stories.
https://www.moneytalksnews.com/how-to-figure-out-what-youll-need-to-comfortably-retire/
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