Are you on track for retirement? Where are you at, what’s most important, and where do you want to go? Are you saving enough income at this point in time to become financially independent? 
In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about how to know if you are saving enough money for retirement. Check your financial vitals against your financial plan. Run the numbers!
Topics Discussed:

Retirement Rules: Follow percentages of income or gross income before taxes?
False Assumptions: Everyone has same tax brackets, goals, values, priorities
Starting Line: Create, consult financial plan for values, goals, resources, priorities
Ways to calculate and run the numbers:

Rules of thumb
Linear return projections
Monte Carlo analysis


When? Run the numbers today and adjust over time to accommodate changes
Improve Efficiency: Maximize tax shelters, backdoor Roth IRAs, financial plan

Links:
Contact Finance for Physicians
Finance for Physicians

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