Figuring How much Income You'll Need in Retirement
Aspects that should be taken into account include the fact that circumstances can change when planning for retirement. This can include an increase in medical costs.
Other aspects that should be considered when it comes to planning for retirement are aspects of income. For example, is the home going to be paid off at a time before retirement and therefore become an asset in the case that an individual would like to sell the home through the time retirement? In this case, the profits that are devised from the sale of the home, after any outstanding debts and fees have been repaid can be used to fund a portion of the retirement.