Your Personalized Retirement Goal
The traditional approach to retirement planning relies on a generic metric, the 'Wage Replacement Ratio,' which is a percentage of your final salary. This impersonal approach often leaves people feeling disconnected from their financial goals. It's a classic either/or trap: either you follow the generic rule, or you risk an aimless financial journey. But what if you could have a retirement goal that is both sound and deeply personal?
'Generic metrics like the 'Wage Replacement Ratio' are impersonal. Instead, you need a retirement goal that's meaningful, motivating, and connected to your life's vision. We call this your 'Lifestyle Continuity Number'. It's the specific annual income needed to fund the ideal life you've defined in your Retirement Constitution.'
Our constitutional approach, drawing from a Chartered Financial Consultant (ChFC®) background, rejects this generic advice. We believe you need a retirement goal that is meaningful, motivating, and connected to your life’s vision. That is why we created the 'Lifestyle Continuity Number'. This both/and solution is a Sound strategy that is based on your actual life vision, not an arbitrary industry benchmark, ensuring the strategy is robust and appropriate.
If you're ready to stop planning for a generic retirement and start building a plan 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.