How much money do I need to retire?

America's Fastest Growing Independent Financial Advisory Network
A Nationwide Network of 100% Independent & 100% Objective Fee-Only Financial Advisers

	The-Adviser.com The place to come for answers™

	How much do I really need to retire? By The-Adviser.com -
SERVICES Money Management Portfolio Reviews 401(k) Rollovers Retirement Financial Plans Estate Plans College Savings Clients Only WHY US Benefits Available Services "Interview Us" Fee Information Disclosures Applications THE COMPANY Background Philosophy The Press Policies Opportunities LINKS Home Page Related Links Stock Quotes	New York - Some people use a rule of thumb that says you need sufficient assets to generate 75% of your pre-retirement income. This rule may be too general. When you are retire, you spend differently than while you were working. Accordingly, it is your planned retirement spending that counts more than your retirement income. Instead of relying on the rule of thumb, you need to determine what your post-retirement expenses will be. By the time you retire the following things may no longer be expenses: Your mortgage will probably be paid off. Most student loans - whether your own or your children - might be paid off. Day-to-day travel and commuting costs to work may also decrease. You may spend less on clothes, have one car and will have most "tools and other household items" that you have accumulated over the years. Certain expenses may increase. Consider the following: Although your mortgage costs may be paid off - property taxes, rental dues and home assessment charges will generally increase, unless you move to a place with lower expenses. Utility bills such as electric and water will increase as you may be home more Travel and hobby expenses will increase. In addition, you may find yourself wanting to eat out and do more social events such as going to ball games. Medical expenses will surely increase. Expenses within this category include doctor visits and prescription and non-prescription drugs. Don’t forget to adjust your spending for the rate of inflation. When you figure out your planned spending, then you will need to know how much you retirement income you will need. About Us The Independent Adviser Corporation is a 100% Independent and 100% Objective Financial Advisory Firm that writes buy-side investment research. Our network of independent Fee-Only Financial Advisers serves individuals, families and businesses. They provide financial planning services, tax advice and offer professionally managed asset accounts. They do not underwrite corporate securities nor do they sell any proprietary products. To find out more or get a FREE consultation Ask The-Adviser.com or call 1-800-ADVISER.	Determine your retirement spending habits. Many expenses you think will go down will actually go up Got an investment question? Ask The-Adviser.com Open a professionally managed account: Brokerage Accounts Traditional IRAs Roth IRAs 401(k) IRA Rollovers 403(b) IRA Rollovers College Savings Retirement Savings Top Ten Investment Picks Financial Advisory Services Money Management Retirement Planning Portfolio Reviews 401(k) Rollover Assistance College Savings Financial Plans
You don't need to be rich to hire a Financial Adviser. Just Smart^™
The Independent Adviser Corporation is a Registered Investment Adviser that specializes in helping individuals, families and businesses develop investment and financial planning strategies. Click here to learn more about our Fee-Only services Do you have a question about your investments? Ask The-Adviser.com