Saving efficiently and adequately for retirement requires an understanding of your income, as well as the factors and variables that can impact it. This often means consulting with wealth managers such as Russell, who may ask you, “What’s your number?” This number is not your phone number, but rather the amount of money you need to have saved up for your retirement to afford your cost of living. In this instablog, Russell walks you through what you need to know your number.
Topics Discussed:
Annual cost of living & inflation
Income & lifestyle changes
Asset allocation
Tax & government changes
Budgeting & saving
You can watch this video and others on the Voice Wealth Management YouTube channel.