In the past few installments of this blog, we’ve been exploring the idea of a checklist of critical tasks to accomplish 5 to 10 years before retirement. I’ve been using the analogy of the checklist an airline crew uses in preparing their aircraft for landing during the last few minutes of the flight. In last month’s article, we considered the need to create an intentional and detailed vision of the unique retirement we want to experience. So let’s assume you were successful and have your vision firmly in mind- now what? Well, this leads us to a natural and logical next step which is to determine if our vision is financially sustainable. This is the part where we calculate the future cost of our dream retirement and make sure that it can be supported by our financial resources. Back in the day, this type of calculation required some “spread-sheeting” wizardry given...
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