The Vacation of a Lifetime: White Horse Village
tion, according to the CPI from
1800 to 2007.
The amount of income
you need
Many fi nancial planners estimate
you will need 80 percent of your pre-
retirement income to maintain your
current lifestyle in retirement. If your
earnings are, for example, $70,000
A full service retirement community in a year just before you retire, you
southeastern Pennsylvania
will need $56,000 to maintain your
(610)558-5000
lifestyle. If your annual income is
$120,000, you’ll need $96,000 a year
to retire in the lifestyle to which you
Explore nature on 96 acres of meadows, gardens and woodlands
have become accustomed, according
next to a state park. * Reside in spacious homes or apartments
to the most popular school of thought.
* Dine in restaurant settings *Relax in the cocktail However, Dr. Walt Woerheide, vice
lounge * Practice on the putting green * Compete in president of academic affairs at The
croquet and shuffleboard tournaments * Swim in the
American College in Bryn Mawr, Pa.,
pool and work-out in the fitness center *Enjoy an eve-
says most people experience a signifi -
ning concert …To plan your lifetime vacation, visit us
cant drop in expenses when they re-
today: 535 Gradyville Rd., Newtown Square, PA.
tire. “Chances are your mortgage will
www.whitehorsevillage.org
be paid off, you’ll no longer need to
put aside money for savings or college
tuition, and you’ll have the time to do
chores that you may have been paying
Move Forward…
other people to do,” he says.
Montanaro says his experience is
...to your retirement peace of mind
different. “I believe most people spend
essentially the same in retirement, or
even more. It’s what they are spending
on that changes in retirement.”
Obviously, experts don’t agree
on a single model for estimating fi -
nancial needs in retirement. More
problematic, perhaps, is that some
of the popular formulas for estimat-
ing required retirement income fail
to consider infl ation. That’s why you
must take it into consideration.
The Charles Schwab brokerage
fi rm published a retirement planning
rule of thumb that suggests that you
will need $230,000 in retirement
savings in today’s dollars to provide
$1,000 in monthly income during re-
tirement. For example, if you want to
D * R Q W L Q X L Q J * D U H 9 H W L U H P H Q W * R P P X Q L W \
add $4,000 a month to your Social Se-
curity and pension income, you would
Y w