Quote:
Originally Posted by flamesfever
I think it's important to prepare a Present Worth Statement once a year, where you list all your assets and liabilities. Over time you get a feel for whether you are moving ahead or slipping back.
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I have my own little spreadsheet that I update once a year. It's fun doing drawdown scenarios, but it's hard to predict retirement expenses. I have a hard time deciding on whether I want to work longer and then have more money in retirement or retire earlier, but be able to do less. I do plan on having some income in retirement thru part-time consulting, but again, that is hard to forecast. There is also the concept of go, slow, and no-go years to take into consideration.