A lifetime financial roadmap, a tool to replace uncertainty with understandable and manageable levels of risk:
- Your financial life and projected financial future in a detailed spreadsheet that is not difficult to understand where changes are quickly and easily made as your circumstances change.
- An excellent tool to help you determine if or when you can retire and what your financial life might look like in retirement. I used it to determine whether my wife and I could retire early at ages 57 and 55. We retired – the tool worked perfectly.
Elements of the roadmap:
- Spending: base, housing, medical, taxes
- Income: pensions, Social Security, annuities, IRA withdrawals, rental income
- Investments: tax-deferred, tax-exempt, taxable
- Real estate: home, rental properties
- Discretionary: income minus spending
- Net worth: liquid and illiquid assets
- Projections, by year, to age 100 (or later, if needed!)
The output: year by year tracking of your entire financial life using easily changeable assumptions.
If you are interested in pursuing this, click on the Contact link at the top of the page and request the Excel spreadsheet template you can use to enter your own personal data and make your own financial projections. It’s free.