Spending planInstructions:1.Calculate monthly net income in box 1.2.Estimate monthly expenses -- sum of fixed (2a), controllable (2b) and monthly portion of periodic expenses (2c).3.Compare income and expenses and make adjustments.1. Monthly net income Net* monthly wages$______________ Net monthly wages of others in home$______________Public assistance/food stamps$______________Unemployment/disability$______________Child support/alimony$______________Social Security/retirement$______________Other$______________Other$______________Total monthly net income$______________* After tax withholding and other deductionsReproduced with the permission of Michigan State University Cooperative Extension << previous |
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Retirement actuary Steve Vernon says working less while delaying Social Security is the best way to retire.
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