Debt Free and Retirement Planning

Earlier this week, I reached out to SavvyReaders to get their suggestions for recommended content…content from any medium that inspired them, or provided good guidance, in their effort to get fiscally fit.

Among the three books recommended by SavvyTaz was Debt Free for Life: The Finish Rich Plan for Financial Freedom. The Simple Retirement Spreadsheet that accompanies my book, RENDEZVOUS WITH RETIREMENT: A Guide to Getting Fiscally Fit, was recommended by Brian, a long-time reader.

Debt FreeBook: Debt Free for Life: The Finish Rich Plan for Financial Freedom (2010). As the name suggests, the focus of this book by author David Bach is aimed squarely at helping readers achieve a debt free status. As suggested by the author, there are really two primary factors to do that. First, recognize and cure whatever problem led you to get into debt in the first place. In other words, if you are in a debt hole, quit digging. Second, not surprisingly, is to pay down the existing debt. The author touches on different philosophies for doing just that, including paying down the debt with the highest interest rate first or paying down the smallest balance first. Personally, I am an advocate of the latter.

Spreadsheet: Simple Retirement Planner. A few years ago I created, and subsequently modified a number of times, this spreadsheet which is used for tracking and managing retirement goals. The purpose of its creation was straight forward. I wanted one document that I could turn to which allowed me to identify my desired annual income in retirement, note the value of my present sources of passive income, record the projected value of my future sources of passive income, and determine the amount of money I need to invest on a monthly basis to reach my stated financial retirement goals.The factors that determine the amount of money that needs to be invested include the number of years until retirement, the present value of accounts, the anticipated rate of return, and current principal. Also, I include an inflation calculator so that users can factor that into their planning. The planner is available as part of the RWR Simple Retirement Workbook, a free download.Retirement Planner

Blogger-in-Chief here at RetirementSavvy and author of Sin City Greed, Cream City Hustle and RENDEZVOUS WITH RETIREMENT: A Guide to Getting Fiscally Fit.


  1. James , I find the spreadsheet to be a very useful tool in retirement planning and refer to it often .

    • Thanks for the feedback, Brad. It is certainly intended to be a dynamic document, with updates being made as the investment environment and retirement objectives change.

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