Given the volatility of the stock market and the slow economic recovery, I am no longer confident that we will be able to achieve the assumptions used in the previous retirement savings analyses. Therefore, I've asked our financial advisor to help us identify specific points where our retirement savings will fail to meet our needs. Here's what our financial advisor will provide us when we meet in two weeks.
With this information, we will be able to better understand our capability to maintain our retirement. In addition, we will have identified specific minimums that need to be met to continue with our retirement.
I expect to have specific numbers for each area by early August, 2010.
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This is not financial advice. Please consult a professional advisor.
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