When Can I Retire and What’s My Number: A 4-part Webinar Series
In this four-part webinar series, Rick Miller, Founder of Sensible Financial, explains that there really is no universal number, but a specific amount you’ll need to retire comfortably and do what makes you happy. Based on your current assets, income, and spending, you arrive at an ideal amount depending on when you plan to retire.
If you want to retire at 55, you’ll need more savings to take you to age 100 than if you want to retire at 60, 65, or 70.
Each webinar consists of a 15-20 minute presentation followed by a Q & A session in which Rick answers your questions.
When can I retire?
In this webinar, Rick will focus on planning for retirement and the value of developing an intentional plan. He will help you build a conceptual understanding of how much savings you need to retire and live well. (You can retire any time, but you may not be able to live the way you want to afterwards). Even if you don’t have a formal retirement plan, you still have an implicit one – that is, given your savings path, there is a date when you could retire comfortably. A formal plan helps specify when you can afford to retire, and the savings strategy you need to get there.
What’s my (retirement) number?
In the second in his four-part webinar series on retirement and lifetime planning, Rick Miller poses questions to help you decide how much you’ll need (your number) for a comfortable retirement.
- What is your number (the amount you need to have saved to be able to retire)?
- How does your number depend on when you retire?
- How does when you begin Social Security benefits affect your number?
- How does your number vary with income (do people who earn more have disproportionately higher numbers)?
How does Social Security influence my retirement plans?
In this, the third in this series of webinars, Rick Miller explains the impact of Social Security on your retirement and how when you apply for benefits is so important..
- If I claim Social Security benefits later can I retire earlier?
- What impact will (potential) Social Security benefit reductions have on my ability to retire?
Am I on track to retire? (Including the impact of life expectancy.)
To retire when you want and continue to enjoy your current lifestyle, you need to save enough to make it happen. After all, people tend to underestimate how long they’ll live in retirement. In the fourth webinar in the series, Rick Miller, Founder of Sensible Financial, discusses how to tell if you are on track.
- Do I need to know how much I plan to spend in retirement first?
- What if I live longer than I expect?
- Is there a right and wrong way to manage my Social Security benefits?