United Community Blog

Quick Tip: Retirement

Posted on May 22, 2019

Among the most common questions about retirement relate to knowing how much money will be enough to live on. Think about what your retirement will look like – One of the most important exercises of this entire process is to actually take the time to think about what your retirement will involve.  Do you see yourself travelling, or in a hammock?  Visualizing your future lifestyle will help in creating a realistic forecast of which of your expenses will go up and which will go down in retirement. Then work out a projected budget for your month-to-month postretirement wants and needs, then use an inflation calculator to understand what these expense will look like at your anticipated retirement date and beyond. 

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