Stop Replacing a Wage, Start Funding a Life
For decades, financial planning has relied on an outdated and impersonal metric: the 'Wage Replacement Ratio.' It suggests your retirement goal should be a percentage of your final salary. This metric is a classic example of an 'either/or' mindset, forcing you to focus on a number you are leaving rather than a life you are building. It creates a disconnect between your financial plan and your life's vision.
'You are not a wage to be replaced. You are a person with a life to be funded.'
From our Chartered Financial Consultant (ChFC®) background, we've identified the flaws in traditional tools like the Wage Replacement Ratio. Our constitutional approach is to shift this mindset. Instead of thinking about replacing a wage, we empower you to think about funding a life. This both/and solution leads to the creation of a powerful, human-centric goal: the 'Lifestyle Continuity Number.' This is the specific annual income needed to fund the ideal lifestyle you’ve defined in your Retirement Constitution. It’s a goal that is meaningful, motivating, and connected to your life's vision.
If you're ready to stop planning for a job you are leaving and start planning for a life you want to live, watch the full podcast episode. https://www.safesimplesound.com/retirement-planning-edition-episode-3/
DISCLAIMER: This content is for educational purposes only and should not be considered personalized financial advice. Always consult with a qualified financial professional before making financial decisions.