What are the 5 phases of retirement?
- Stage 1: Pre-retirement. Pre-retirement is the stage before you retire, this usually is around 5 to 10 years before you retire.
- Stage 2: The honeymoon phase.
- Stage 3: Disenchantment.
- Stage 4: Re-orientation and finding yourself.
- Stage 5: Stability.
How do I plan for retirement Youtube?
What is the 4% rule for retirement income? The 4% rule is a rule of thumb that suggests retirees can safely withdraw the amount equal to 4 percent of their savings during the year they retire and then adjust for inflation each subsequent year for 30 years. The 4% rule is a simple rule of thumb as opposed to a hard and fast rule for retirement income.
What is the 25 rule for retirement? Based on Bengen’s findings, the 25x rule states that to save enough for retirement, you will need to save 25 times the amount of your annual expenses for maintaining your current lifestyle for a 30-year retirement and not run out of money.