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 would like an example of one of these, contact me: dkelseywex@outlook.com.