SnowDogg HX High Intensity Halogens are also available. Active Defrosting Technology™ keeps the Illuminators ice-free even in the biting cold - a central heat source defrosts the entire lens evenly, preventing the streaking or banding that's common with other LED plow lights. SnowDogg Illuminator™ LED Headlights are brighter and longer lasting than traditional halogens. A robust frame spreads impact across the blade to reduce wear on vital components. The corrosion resistant 304 stainless steel moldboard never needs paint. The goal of a realistic retirement calculatorīy now you should know that failing to plan and just hoping Social Security will carry you through retirement is a recipe for disaster.Full-size power and features in a package optimized for 1/2 ton trucks like the Ford® F150, Chevy® Silverado 1500, and RAM® 1500 Although the Social Security Act eased the suffering of millions of Americans during a time of crisis, it was never intended to become a replacement for retirement savings.įifty years ago, the average retirement was 12 years. Someone retiring today at age 65 is expected to live to 85 or longer. Twenty-plus years of retirement has become average, meaning many of you will live much longer. Using a retirement planning calculator to build a money machine Furthermore, 52% of American households are “at risk” for not having enough money in retirement to maintain their living standards, according to the Center for Retirement Research. What is a realistic retirement calculator for the present day? How can you plan on how much money you’ll need when you don’t know how long you’ll live? It all comes down to building enough wealth to fund the longest possible number of retirement years. You MUST build a money machine, harnessing the power of compounding to create an income stream for the rest of your lifetime. In other words, you must automate your savings in a tax efficient manner and utilize an investment strategy that will keep earning in any season. A “how much do I need to retire?” calculator becomes less important when you have the right strategy in place to build future wealth. Grow your savings to a point at which the interest from your investments will generate enough income to support your lifestyle without having to work. Eventually you reach a “tipping point” at which your savings will hit a critical mass. This simply means that you don’t have to work anymore – unless you choose to as a means of fulfillment – because the interest and growth being generated by your account gives you the income you need for your life. This is the pinnacle we are climbing toward and where a retirement planning calculator comes in handy. There are two phases to your investing game: The accumulation phase, in which you are socking away money for growth, and the decumulation, the period in which you are withdrawing income. The journey up the mountain will represent your accumulation phase with the goal of reaching the pinnacle, or critical mass. The goal is to stay on top of the mountain for as long as you can. And when you enter the second act of your life, you will have the freedom to work only if you want to. So what is that mountain top number for you? Well, really there is not just one “magic number,” but five different levels of financial dreams that will free you from financial fears. However, for simplicity’s sake, today we’re just going to focus on the number you would need to maintain the same lifestyle you have today for the rest of your life, without having to work. To find this number, you first need to calculate how much money it takes to maintain your current lifestyle.
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