What's My Magic Retirement Number

Episode Notes

You may have seen that commercial a few years ago - people were walking around with their "magic retirement number" above their heads.  Well, it turns out there's no ACTUAL magic retirement number, because there are too many changing factors to influence it.  Today, Amy Walls of Thimbleberry Financial walks us through some of them, including:

  1. Spending
  2. Savings rate
  3. Retirement date
  4. Inflation rate
  5. Investment returns
  6. Fixed Income Streams and their growth rate, if any
  7. Life expectancy
  8. Where your money is saved and your tax bill 

We also talk about retirement not being a "switch" you flip.  Once you stop working, that doesn't mean you stop planning!


Thimbleberry Financial Website:

Or call: 503-610-6510