Page 121 - Ready Set Retire

Ready. Set. Retire!

So why wouldn’t I want to fund my retirement at a sale price?
I would! Wouldn’t you if you knew how? Well stay tuned,
because you can, and I will show you how right now.

Think about how life works. We are on a time continuum, each
day one after the other, for all the days of our lives, until they
run out. The thing is, we don’t know how many days that is, so
as mentioned before, we have no way of knowing how much
to save. This is why those commercials on TV that talk about
some orange magic number crack me up. How can you
possibly know what your number is if you don’t know how
long you will live? Not by your broker’s model, shown here:

Assume that it takes $50 a day to cover your expenses after
Social Security and any pensions, etc. To make this easier we
won’t include inflation, but when we are actually planning we
will.

Now multiply that $50 a day by the statistical likelihood you
will be alive to need it. If I am talking about tomorrow, it’s
close to 100%, so what I must have to pay my expenses is:

$50 x 100% = $50

That looks something like this:

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