How To Plan For Retirement?

It’s quite simple actually.

Here’s how:

  1. Calculate your yearly expenses
  2. Multiply that by 25
  3. Come up with a plan to accumulate retirement amount needed

For example:

  1. Yearly expenses = $48K
  2. $48K x 25 = $1.2 million
  3. Come up with a plan to accumulate $1.2 million dollars.

See! Told you it was simple. But I never say it was going to be easy.

As always, don’t forget the 3 FMS rules of growing your wealth: 1) Spend lesser than what you earn, 2) Get adequate protection, & 3) Invest early and often.

– Ben

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