Empowering individuals and families to achieve financial wellness and peace of mind through personalized guidance and strategic planning
Many retirees share one core question: “How much do I need to have saved for retirement?” In the latest Modern Retirement Monthly report, we help answer this question in two ways: First, we estimate a “sustainable withdrawal rate”—a way to determine if your retirement savings can fund enough withdrawals to cover your lifestyle spending needs. Secondly, we cover a “wealth-to-withdrawal” multiple analysis, which can help you determine how much you need to set aside for retirement given a certain amount of planned portfolio withdrawals. While this report outlines some helpful rules of thumb and guidelines to follow, this is only a starting point. We recommend a more detailed conversation about your personal circumstances, retirement goals and resources. #scfwealthmanagementgroup Thomas Cavada, CFP®
