LETTER
Labour Day Reading List
Sadly, we have made it to the unofficial end of summer. It has been a memorable summer for us at Making of a Millionaire, we are excited about all the new contributors we have submitting awesome content.
Before you head off to the beach or a BBQ with friends, I have two stories that will help you answer important retirement questions. How do I know when I have saved enough? and How do I make sure I never run out of money? Read up on these and impress your friends this long weekend with your financial know-how.
How Much is Enough?

For the vast majority of us who don’t have a defined benefit pension plan, one of the most important questions of your financial life is “how much money do I need to retire?”. This is a very important question to get right. If you save too little for retirement, you’ll need to work for longer than you planned, and your retirement will be cut short or you will need to spend a lot less in retirement (there goes that trip to Europe). On the other hand, if you overestimate how much you need to retire you will be “over-saving” during your working life which forces you to cut down on consumption during your working life (there goes that trip to Europe) and may mean you work for years longer than you need to…
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I have “X” amount of Money In Retirement, How do I make Sure I Don’t Run Out?

The 4% rule is a rule of thumb for the safe withdrawal rate during retirement. A safe withdrawal rate refers to how much of your retirement portfolio you can withdraw under normal market conditions, each year without running out of money…
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BONUS: For those who don’t feel like reading
In the first in a new series of Vlog’s Ben rants about why you should brew your own damn coffee (and thank him 30 years from now)

