Location is not just the answer when it comes to the top 3 things to consider when buying real estate. When it comes to retirement it also has an impact on your spending. In a recent report released by the Employee Benefit Research Institute, median spending by different areas of the country was calculated for ages 50 and over....
Know what you'll do after you retire
The Purchase of a Lifetime
The Sequence of Things
To give you a taste of how future returns can really play with an assumed safe withdrawal rate, here’s a simple graphic to illustrate. In each scenario you have the same time horizon, same average return over that time horizon (10%), and an equal number of years of 10% losses and 30% gains over the time period. The only difference between each scenario is the sequence over which you experience those losses....