Hedgematic allows you to specify income requirements for each individual year of retirement. These figures should be entered in today’s dollars. Values should be required actual after-tax take-home pay. Hedgematic draws will include estimated taxes in addition to these numbers. And you won’t be making retirement contributions either.
If you need the same amount every year, starting today, just type it in and move on. Hedgematic will tell you when your retirement can start.
If you anticipate different income requirements for upcoming phases of your life, set up multiple intervals and assign needed income to each, using the buttons at the end of each row to:
- Split the last year off into its own new row.
- Move the last year of an interval down into the next row.
- Move the first year of an interval up into the previous row.
- Remove a one-year interval, by combining it with the previous row.
For example:
- Our illustrated couple are ages 60 and 62. They wonder if they can retire in two years. They put zero expenses in the first two years.
- They have a mortgage that will be paid off in 2030. They split off a second row, and enter enough to cover their mortgage and expenses.
- The third row covers their active retirement after the mortgage is paid.
- As they approach their eighties, they figure they’ll stay closer to home.
Hedgematic results will include the size of the estate resulting from the expenses you describe here.