This is an outline to help you think about retirement.

l. Realistic return expectations and —–> desired standard of living.

ll. Create flexible portfolio —-> updated to reflect changing markets, retirement conditions and retirement objectives.

Think over the Time Horizon



What you need to do differently
How much you need to save
What types of retirement accounts to use (IRA, Roth, 401(k), etc.)
What type of mortgage you should have, if you should pay it off, or refinance
What type and how much insurance you need (life insurance, long term care insurance, disability, property and casualty and health insurance)
How much to keep in your emergency fund
What changes might improve your tax situation
What rate of return you will need to earn to achieve your goals over a given time frame
Whether it makes sense for you to downsize later in life
Many people find that they cut these types of costs once they retire:
Gas, clothing, and other work-related costs.
Payroll taxes.
What level of investment risk is appropriate for different types of accounts you have


Primary Expense areas now estimate to Calculate these Expected Numbers in Retirement

Mortgage $
Property taxes $
Homeowners insurance $
Rent $
Utilities $
Maintenance/fees $
Groceries $
Dining out $
Vehicle maintenance $
Fuel $
Auto insurance $
Public transportation $
Health care
Medical services $
Medications and supplies $
Health insurance $
Personal insurance
Life insurance $
Disability insurance $
Long-term care insurance $
Other insurance $
Personal care
Clothing $
Products and services $
Family care
Alimony $
Child care $
Loans/credit cards $
Entertainment $
Travel/vacation $
Hobbies $
Gifts $
Education $
Charitable contributions $
Other $
Total monthly expenses

Expenses that may go down in retirement *relative to now, consider inflation

Income taxes, if your income is lower than when you were working full-time.
Certain lifestyle expenses, if you plan to cook more instead of eating out, for example, clothing, etc.
Debt payments, if you paid off your mortgage or other loans before retiring.
Life insurance, if you decide to drop it once you retire.


Retirement planning steps

  1. determining time horizons
  2. estimating spending requirements
  3. calculating required after-tax returns
  4. optimizing portfolio allocation
  5. estate planning


Other Key factors in the road ahead


  1. Income – in retirement/part-time work or not
  2. Health care in retirement, costs going up
  3. Inflation and too, emergencies happen

Any questions, please freely write: