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You Don’t Need A Retirement Plan
To achieve financial security and flexibility, set savings goals
There is no road to a traditional retirement. Instead, retirement, like so many other life events, will come in spurts. Allocate income wisely to live how you want to live today, on your terms, not the old and tired retirement industry’s.
Cash Flow
To subsist, you need enough regular cash flow to pay your bills. To live comfortably and put money away for the future, you need ample cash flow.
The definition of “ample” varies from person to person.
After you pay your bills, do you want an extra hundred dollars a month?
An additional thousand? Five thousand? Ten thousand?
Your answer can vary from month to month depending on your short-term goals. Your monthly income directly affects your ability to meet these goals. Most people generate income from some type of work.
In retirement, the goal tends to be ample income minus the work part.
To get to where you want to be with less stress and better effectiveness, you have to redefine two traditionally-held components of retirement:
- That you need a million dollars (or some other magic number) to retire.
