Ep 80: The Best Way To Measure And Monitor Retirement Preparedness
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What is the top metric that measures whether you're moving in the right direction when it comes to your future retirement? Most people would say the balance of their retirement accounts. That isn't a bad answer, but it's also not the best answer.
Retirement preparedness should be measured by the future retirement income you can afford, in today's dollars. A bigger nest egg doesn't necessarily equal greater income. So make sure your retirement planning decisions are focused on increasing your future income and not just your account balance.\\xa0
In this podcast episode, Derek talks about this in more depth.
Enjoy the episode!