• Question
  • Makes no sense. Our monthly expenses are $2000, and our "income" is twice that, yet I could run out

    Asked by a 69 year old woman from Riverview, FL on 3/15/2014

    Makes no sense. Our monthly expenses are $2000, and our "income" is twice that, yet I could run out of money by 75 or 85? how are you figuring things?

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  • Categories: Retirement Planning, Out of Money

Answers

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  • Over a 20-30 year period, health care costs, long term care needs, and inflation cause expenses to skyrocket. Also the following issues could impact your ability to meet expenses: an other unforeseen financial demand, changes to social programs, swings in financial markets, your longevity.

    Your question is a good one but difficult to answer thru a website. Please call on Monday for a complimentary phone discussion if you would like.
    I am in NY and will be in Florida on the 21st. Right now my office number in NY is 914-288-8929.

    Rick Bloom

  • Login to rate this answer:   Answered on 3/15/2014
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.