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Retirement Budget

Retirement Budget

Before you can retire, it is necessary to understand where your money is going. There are two numbers I know at any point in time, my networth and my annual expenses. With an eye on my wife retiring soon, I need to create a budget that tells me exactly where my money is going and what future expenses I may have. Therefore, I combine my actual expenses with future outlays I estimate I may have in retirement. Many people might…

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