Patrick Murphy, chartered financial planner at Bluefin Wealth Management, says clients need to be aware of their life number to help them plan retirement with confidence.
Retirement is a frightening thought for many people, particularly for those people who fail to plan for it sufficiently. One way of eliminating the fear is to get clarity on exactly how you want to live your life, identify what the cost of that lifestyle is and then plan to achieve it! What is your number? Everyone has a number; it is the amount of money you need in retirement to accomplish all of your life goals that need to be financed. Having confidence in how much is enough is freeing. Having a number enables those with excess to access their wealth to enrich their lives, help thei...
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