SDE, you got some really good advice below. You know I always heard the 80 or some percent rule before I retired but I feel that is a really miss leading approach. You need to understand your expenses now and what they will be in retirement. Everyone is different. Of course that was all said below.
What I would add is Fidelity has a good modeling tool that I have found to be pretty good. It also takes into Monte Carlo models to give you probability percentages. Other investment houses also have modeling software. I had done my own model/plan since entering my after college working career. I found the Fidelity model agreed well with what I had been tracking for 37 years and added the probability models as to how much money I would have left at end of life.
In a nutshell, understand your expenses and have a plan to meet them. Oh, it is helpful to divide your expenses into fixed (like a mortgage) and variable (like entertainment) and then fund those expenses from sources that match volatility. For example, use Social Security to fund fixed expenses and investment earnings to fund variable expenses.
I could go on but you already got a lot of great advice.
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Tractor Hydraulics - The Basics - by Curtis Von Fange. Hydraulics was one of the greatest inventions for helping man compound the work he can do. It’s amazing how a little floor jack can lift tons and tons of weight with just the flick of a handle. What’s even more amazing is that all the principals of hydraulic theory can be wrapped up in such a small package. This same package applies to any hydraulic system from the largest bulldozer to the oldest and smallest tractor. This short series will take a look at the basic layout of a simple hydraul
... [Read Article]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
