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3%?

eqlov
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Aug 4, 2008, 4:24 PM

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3%?	Can't Post Private Reply

I was listening to a recent InvestTalk radio show (I was listening to the podcast, actually, not live), where he was talking about retirement stuff -- the July 23 show: www.investtalk.hitfastforward.com. He was saying that, because of inflation, I should be adding another 3% per year when figuring out my expenses/retirement needs. I haven't done that, but I'm about to retire (or was planning to). If factoring in an additional 3% is really the best thing to do, then, I figure that for the entirety of my retirement years, that's a bunch of money. Should I stay at work for another year? The alternative, I know, would be to cut down on my expenses, in my planning – which I've already done as much as I'm comfortable with. Thanks for your help.

(This post was edited by StephenWinbaum on Aug 7, 2008, 8:53 AM)

laurentius2007
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Feb 5, 2009, 7:49 AM

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Re: [eqlov] 3%? [In reply to]	Can't Post Private Reply

Especially in time as we do have them now it is very important to keep track of once financials.
Just 3% can change so much!
For me it was as well interesting how important to be on track to retirement!
Money rules the world we have to be carefull :)

(This post was edited by laurentius2007 on Mar 11, 2009, 8:41 AM)

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