Unlocking Financial Freedom:

A Guide to Calculating Your Retirement Need

Looking better?

Now let’s multiply $30,591 times 25 and your new “number” is $764,775 that you need to have invested in a stock/bond/cash portfolio.

If you are retiring early like we did before your retirement age, you will need to have enough invested to cover your living expenses before receiving your Social Security. Maybe that is 20 years or more so you need to plan accordingly.

For people who own rental property or other investment real estate, retirement planning may also include deciding whether to sell, keep managing the property, or move into a more passive real estate structure. In that situation, it can be worth reviewing 1031 exchange investment options before selling, since a properly structured exchange may allow investors to defer capital gains taxes while staying invested in real estate without taking on the same day-to-day management responsibilities.