Future Legacy Insurance

I’m calling in Autumn. It’s about 105 today. I went to Hi by lobby and bought fall flowers for my outdoor urns then decorated the house for fall.

The day I was born in Glendale CA it was very hot & humid. My father bought mom a pretty yellow sweater rather than flowers to celebrate my birth. She wasn’t happy.

However, three days later the weather snapped and he took her to a movie. She was happy to have her new yellow sweater.

Ever since I was little kid, something deep inside of me tells me when fall is coming. (not here yet). I can also smell rain coming. Just two of my many talents. LOL.

HAVING A BUDGET IS A CRITICAL COMPONENT TO A SUCCESSFUL LIFESTYLE AND RETIREMENT

I'm not here to make a social comment, I'm here to encourage you to get a handle on what you spend a month and then figure out what it will cost you in retirement. And don't be fooled by the government CPI numbers that tell us there is no inflation. Bah Humbug! Have you shopped for milk or bread or meat lately? How much does it cost to fill up your tank these days?

Let's look back 20 years to 1996 to put this into perspective: Average Cost of new house $118,200.00 Average Income per year $36,300.00 Average Monthly Rent $554.00 Cost of a gallon of Gas $1.22 US Postage Stamp 32 cents Average cost of new car $16,300.00

If your budget is $5000 per month today and you plan to retire in just 5 more years, you will need to add at least $500 per month to that budget. If it's 10 years away, add add another $1000 per month to the projection.

TWO HUGE CONSIDERATIONS: Cost of Health Care and Government Risk (rising tax rates) during a 30+ year retirement cycle. Another is Market Risk. What happens when you begin to draw down on savings and the market goes south?

see my blog on BUDGET: www.moreweath4me.com