Expenses Key to Secure Retirement Income with Certainty

The key to a happy retirement is to understand your expenses. Most people don’t like to have a ‘Budget” which is fine however understanding your expenses has nothing to do with a budget. Understanding your expenses is to understand what it costs each year when you wake up on the 1st January to go about living a basic no frills lifestyle that you enjoy. On top of that you then add the cost of the things that you like to do and importantly your ” Bucket List” items.

What this does is gives you an understanding of your basic cost of living and then you add your discretionary cost of living. The base cost of living will increase each year as you get older. The discretionary cost of living will reduce as you get older as you wont be bothered doing things as you get older irrespective of whether you can afford it or not. Your health could also have a say in what you do in this regard so it is important to get the “Bucket List” things done whilst you can as you never know what is waiting for you around the corner.

The outcome of knowing what YOUR perfect lifestyle costs is that only then can you determine what level of income producing assets you need to live this glorious retirement lifestyle.

Don’t delay, contact us now to work out what you need to do to live YOUR PERFECT LIFESTYLE.  It is never to early to start planning. You wont regret it.