Learn about preparing for life after full-time work through posts from Don's upcoming book.
So now, through the personal funded ratio calculation, you have an idea of where you are, relative to your target. What if you’re above your target? Or below? How does that affect your lifestyle options?
Our exemplary couple decide that they want to play with the numbers, a little bit.
It’s time to assemble the facts required for a funded ratio calculation. If you’ve never done it before, gathering the information is not always easy. Here’s how one couple did their best, even though it was far from perfect.
In this post I explain how to use the Personal Funded Ratio calculator that’s on the website: the principles it’s based on, the questions it can answer, the information you need to provide, where and how I’ve imposed limitations on its flexibility – that sort of thing.
In practice we may add to our savings if we receive an inheritance, and we may want to leave bequests in addition to providing for life after full-time work. In this post we look at how to accommodate those aspects.
There’s a simple concept that is extremely useful. Just compare how much you’ve got with how much you need! Here’s how to apply that concept to see how far you’ve come.
When partners find that they have different attitudes to risk, there are many sensible ways to proceed.
Sometimes partners find that they have different attitudes to risk. This post shows several examples.
Once we have made a calculation of the effect of good and bad outcomes, we need to think about how we’d react to these outcomes. That enables us to make a decision on our attitude to risk.
We know that investments can be focused on safety or on growth. That doesn’t help us to decide where in the safety-growth spectrum to place ourselves. Another complication, right? Actually, as this post shows, the key is to consider the extent to which good and bad outcomes affect our lifestyle.