Day 2 Assignment

This is your assignment for today, Day 2 of our program. Take the time now to itemize your current assets and holdings, along with your current liabilities and debts. Then imagine that you convert all (or nearly all) of your non-liquid assets to cash.

Then go to the www.firecalc.com website and play with the calculator and other resources provided there.

You know how old you are. You can reasonably project your retirement to continue through age 90. And you have your lump-sum retirement nest egg figure.

Start with those numbers.

Firecalc allows you to program in your expected Social Security or pension start date and monthly income amount, as well as planned or expected changes in your situation (an expected windfall of capital from a future sale of real estate, for example).

This is a great tool. Have fun with it.

And determine for yourself what monthly budget amount your assets, liquidated and invested, along with your expected Social Security or other pension income, amounts to.

Your Move-to-Europe Coaches,

Kathleen Peddicord and Lief Simon