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You're looking forward to retirement some day, and you're not sure exactly how much
money you are going to have, or whether you're even going to be able to retire comfortably.
You know, this is a problem that a lot of people face. In fact more and more retire
and find that they don't have nearly enough money to enjoy life for the 20, 30, or more
years that they're going to be living off their retirement income. The 1st thing that
you need to know is that most people don't have the slightest idea about what it takes
to really plan for retirement. First, let's start with the concept of net worth. Now,
it's net worth that will determine how well you'll be able to retire. Most people think
it's how much they have put away in their IRA or 401(k) accounts but that's not true.
Net worth is the difference between what you have and what you owe, and if you retire with
$200,000 in your retirement account but you have $150,000 of debt is that really going
to give you enough money to retire? The answer is a flat out no so the 1st thing you have
to understand is that net worth is what determines how well you'll be able to retire. That means
that you're going to have to consider not just how much money you put away into retirement
account and that grows, if the grows, but also how much debt you're going to have when
you do finally retire. For more information go to mortgagemagicsystem.com