"Will the 70% Rule Apply to Your Retirement?"

[Nords]

Larry Ferstenou on why some spend far less in retirement than 70% of their current expenses, yet others can't even stay below 100%...

http://www.stretcher.com/stories/04/04jul19b.cfm

Larry has a website & book, too--
http://www.youcanretireyoung.com/ .

 

[John Galt]

I don't have time to read Larry this morning, only to state once again that 25% of preretirement spending
was relatively easy for us to obtain, even after years of
"livin' large".

JOhn Galt

 

[azanon]

Larry Ferstenou on why some spend far less in retirement than 70% of their current expenses, yet others can't even stay below 100%...

In reality, probably not. However, i know before i pull the trigger, i'm going to leave some hedging room. If i think i can live off, say, 50%, i'll have enough for 70%. The only way one could know absolutely for sure what their after-retirement costs will be would be to actually live that way for a while. I guess a planner could estimate it, but its bound to be off some.

I'm in a very niche specific job, and i probably couldnt get my job back, especially if i was old. So i'll have to hedge some.