Retirement: 3 Mistakes That Wipe Out Million-Dollar Nest Eggs
Fellow list member Tim G. sent me this link. I always pay attention when Tim sends me something about retirement because he's my retirement hero. I think he planned for retirement is entire career, and retired at age 55 or 56. Tim has always been his own financial planner.
Here are the 3 questions:
- How much money did you model for long-term care?
- What's your plan for cognitive decline?
- How much do you actually spend?
Tim pointed out that "cognitive decline" wasn't what he thought it would be. Interesting information there.