Trojan4Life, I know you didn’t ask for financial planning advice, but I’ll offer some anyway. If you asked yourself these questions, what would your answer be:
1. What’s my net income? (I)
2. What are my annual expenses, including everything (like occasional car replacement and health expenses)? (E)
3. How many years do I want to commit to working for? (W)
4. How many years after retirement am I prepared to run out of all my money? (R)
5. What is (I x W) – [E x (W+R)]?
I think you see where I’m going with the (simple) math.
