brett
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Apr 24, 2010
- Messages
- 5,926
We did our numbers essentially on the back on an envelope 12 or 13 years ago.
What I did have was a tape on our prior three years of after tax spend while working.
The twelve year outcome. Our after tax spend was within +- 10 percent each year. Mostly due to lumpy travel expenses paid in advance. Overall miraculously spot on.
Inflation was less than we estimated, investment returns a little higher than our conservative finger in the air estimate.
Equity...our equity has more than doubled during that period. We did not expect this.
We made significant changes in our lifestyle and home. Traveled more than we thought we would.
Do not know if it is down to common sense and being conservative in our approach or to dumb luck. Financial advisor says the former.
He claims his approach to the numbers is similar. Common sense, conservative, and leave some room for errors and omissions. One advantage for us is that health care costs not a concern. Dental OTOH....
What I did have was a tape on our prior three years of after tax spend while working.
The twelve year outcome. Our after tax spend was within +- 10 percent each year. Mostly due to lumpy travel expenses paid in advance. Overall miraculously spot on.
Inflation was less than we estimated, investment returns a little higher than our conservative finger in the air estimate.
Equity...our equity has more than doubled during that period. We did not expect this.
We made significant changes in our lifestyle and home. Traveled more than we thought we would.
Do not know if it is down to common sense and being conservative in our approach or to dumb luck. Financial advisor says the former.
He claims his approach to the numbers is similar. Common sense, conservative, and leave some room for errors and omissions. One advantage for us is that health care costs not a concern. Dental OTOH....
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